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JPMorgan CEO Jamie Dimon Calls 2023’s Banking Fiasco a ‘Mini Crisis’, Foresees Consumer Savings Depleted by Year’s End

[Jul 15, 2023 10:00 AM] Four days ago, JPMorgan Chase CEO Jamie Dimon was interviewed by The Economist and he discussed the recent U.S. banking disaster that occurred last March. At that time, the public witnessed the second, third, and fourth largest bank failures in…

Western Sanctions on Russia Demolish Global Trade System, Cause Inflation Surge, Says Russian Banker

[Jul 12, 2023 9:00 PM] Russia’s second-largest bank’s chairman says by imposing sanctions on Russia, the West has “demolished the global trade system and caused an inflation surge.” Pointing to the U.S. banking crisis as an example, he stressed: “This is virtually the

Stablecoins Volume Down Despite Crypto Market Recovery, Ratings Agency Finds

[Jul 5, 2023 2:50 AM] Stablecoins, the digital assets designed to maintain a stable value, have long been viewed as a potential bridge between the cryptocurrency world and the traditional financial industry. However, recent developments have cast a shadow of uncertainty…

Economist Peter Schiff Says the Fed Destroyed US Banking System — ‘It’s Insolvent’

[Jun 10, 2023 8:00 PM] Economist Peter Schiff says the U.S. banking system is insolvent. He stressed that the Federal Reserve destroyed the U.S. banking system, citing near-zero interest rates at banks while “the Fed funds rate is 5.25% and the real inflation rate…

Musk on ‘Massive Incentive’ to Get Money Out of Banks, Dave Ramsey Dismisses De-Dollarization Fears, BTC Network Congestion Eases, and More — Week in Review

[May 14, 2023 7:30 AM] Twitter CEO Elon Musk has shared what he calls a “massive incentive” to get money out of bank accounts, noting “bank depositor flight will accelerate to extreme levels, even for banks that are ‘too big to fail.’” Personal finance�

Swedbank Strategist Says US Banking Crisis Is Spreading — Warns of More Banks Failing in ‘Vicious Spiral’

[May 7, 2023 5:30 AM] A strategist at Swedbank, a Swedish bank, has warned that the regional banking crisis in the U.S. is spreading. After several bank failures, he stressed that Pacwest Bank, Western Alliance Bank, and First Horizon Bank have all been “subject…

Crypto Industry Report: BTC Beats Nasdaq Index and Gold in Q1, Liquid Staking Governance Tokens up by 210%

[Apr 19, 2023 9:30 PM] According to the latest Coingecko crypto industry report, during the first quarter of 2023, bitcoin became the best-performing asset after it saw its U.S. dollar value go up from just under $17,000 observed on Dec. 31, 2022, to just over $28,000 by…

South African Professor Accuses US Regulators of Attempting to ‘Assassinate Crypto’

[Apr 6, 2023 5:30 AM] The United States’ attempts to “assassinate crypto” are illegal and unlikely to succeed because “crypto is global,” Steven Boykey Sidley, a South African professor and author, has argued. According to Sidley, many…

Billionaire Bill Ackman on US Banking Crisis: ‘I Fear We Are Heading for a Train Wreck’

[Mar 25, 2023 7:30 PM] Billionaire Bill Ackman has warned that the U.S. economy is “heading for a train wreck” if the government allows the current banking crisis to continue. “Trust and confidence are earned over many years, but can be wiped out in a…

US exploring ways to guarantee the country’s 18T of bank deposits: Report

[Mar 20, 2023 11:57 PM] The current deposit insurance cap under the FDIC is $250,000, but recent banking collapses have seen calls to increase that amount.

Indian Central Bank Chief: US Banking Crisis Clearly Shows Risks Crypto Poses to the Financial System

[Mar 17, 2023 8:30 PM] The governor of India’s central bank, the Reserve Bank of India (RBI), says the “ongoing U.S. banking crisis” clearly demonstrates the risks cryptocurrency poses to the financial system. The central bank chief added that the “Indian economy remain