1 / 1 Relevant items tagged with #USBanks

Posts

Banks Bust, Bitcoin Booms: Price Skyrockets 40% During US Banking Crisis

[Jun 4 11:10 PM] Bitcoin, the enigmatic digital currency, is back in the spotlight as the US banking system grapples with mounting stress. While some predict a stratospheric rise to $1 million per coin, fueled by economic woes, others remain skeptical. Banking On…

Report Reveals Hundreds of US Banks at Risk of Failure Amid High Interest Rate Environment

[May 3 12:34 PM] Following the dramatic bank failures last year and the recent collapse of Philadelphia’s Republic First Bank last week, an analysis by Klaros Group indicates that hundreds of U.S. banks are at risk of failure. The study reveals that smaller and…

US Banks Rally For Updated Crypto Guidelines As Digital Asset Prices Surge

[Feb 15 2:04 PM] Amidst a significant surge in cryptocurrency prices, which propelled the total crypto market capitalization to a high of $1.93 trillion on Thursday, influential interest groups are urging the US Securities and Exchange Commission (SEC) to revise…

Report: Tether Pivots to Bahamas’ Britannia Bank Amid US Banking Strains

[Aug 30, 2023 11:30 AM] In a recent report released on Tuesday, undisclosed sources detailed that the firm behind the top stablecoin in market cap, tether (USDT), is now banking with Britannia Bank & Trust. In the past month, tether’s supply has dipped by 1.3%…

QI Research’s DiMartino Booth Foresees ‘Full Damage’ Yet to Unfold in US Banking Sector

[Jul 31, 2023 1:30 PM] Danielle DiMartino Booth, holding the dual roles of CEO and chief strategist at QI Research, foresees that the 22-year peak in interest rates set by the Fed is merely a precursor to what’s to come. She anticipates further upheaval within the…

The High Rate Environment —  Bank of America Faces Paper Losses Exceeding $100 Billion

[Jul 4, 2023 1:30 PM] Following the aftermath of the United States’ three major bank collapses, several market observers argue that the banking crisis in the country persists. Bank of America has recently garnered significant attention, with the Federal Deposit…

If Over 2,300 Banks In America Are Bankrupt, Will Bitcoin Break Above $40,000?

[May 7, 2023 8:41 PM] The United States banking system is in trouble as over 2,300 financial institutions could have more liabilities than assets, recent analysis reveals. Subsequently, analysts say this could boost Bitcoin prices in the weeks and months ahead if the…

Louisiana Senator Compares Modern Banks to ‘Sophisticated Ponzi Schemes’

[May 7, 2023 1:30 PM] Louisiana Republican senator John Kennedy recently stated in an interview published on Wednesday that the U.S. Federal Reserve may need to increase the federal funds rate to 8-10% to address the country’s inflationary pressures…

US Banking Industry Still Struggling as First Republic Bank Shares Plummet by Over 30%

[Apr 26, 2023 11:30 AM] In the midst of a tumultuous week, First Republic Bank is struggling to regain its footing in the financial world. Reports have surfaced that the bank is poised to enter government receivership due to a massive outflow of $100 billion in customer…

US Treasury seeks to tighten nonbank rules following banking crisis

[Apr 24, 2023 12:18 AM] Janet Yellen called for further regulation of nonbank institutions, claiming they pose a systemic risk to U.S. financial stability.

Report: Binance US Struggles to Secure Banking Partner Amid Regulatory Crackdown on Crypto Industry

[Apr 8, 2023 3:30 PM] Following the collapse of Silvergate Bank, Silicon Valley Bank, and Signature Bank, cryptocurrency companies have been seeking new banking partners in the United States. According to a recent report citing “sources familiar with the…

‘Dr. Doom’ Nouriel Roubini Warns of Looming Banking Crisis and Trilemma for Central Banks

[Apr 2, 2023 9:30 PM] Economist Nouriel Roubini has shared his opinion about bank problems in the United States in a recently published opinion editorial. In the article, Roubini insists that “most U.S. banks are technically near insolvency, and hundreds are…

Law Firm’s White Paper Claims US Bank Regulators Are Waging a ‘Clandestine Financial War’ Against Crypto Businesses

[Mar 28, 2023 4:00 PM] According to a recent white paper published by four members of the law firm Cooper & Kirk, PLLC, U.S. bank regulators are attempting to “drive crypto businesses out of the financial system.” The paper, titled “Operation…

Will BTC ditch the bear market? 5 things to know in Bitcoin this week

[Mar 27, 2023 2:38 AM] Bitcoin price is gearing up for a key monthly close that could see it dump its 2022 bear market for good.

A Look at the Fed’s Recent Custodia Bank Denial and the Central Bank’s Push Back Against Narrow Banking

[Mar 26, 2023 10:30 PM] Over the past century, the number of American banks has significantly decreased, dropping from 30,000 banks in 1921 to 4,997 U.S. banks in 2021, according to data from the Federal Reserve. Recently, the U.S. central bank denied Custodia Bank of…

On the Brink of a New Trend: Credit Suisse Receives 50 Billion Swiss Franc Bailout From Swiss National Bank

[Mar 16, 2023 10:00 AM] Credit Suisse has experienced a loss of confidence in the financial institution’s health following a significant drop in its shares’ value this week. Over the past five days, Credit Suisse shares have fallen 24.34% against the U.S…

Bitcoin Becomes 12th Largest Asset Worldwide by Valuation, Surpassing Visa

[Mar 15, 2023 1:30 PM] After dropping below $26,000 per unit, the price of bitcoin, the leading digital asset by market capitalization, is still up 9.6% since last week. However, its price has decreased by 6.5% in the last 24 hours. Out of the 7,316 companies, crypto…

Moody’s Downgrades US Banking Sector to Negative After Collapse of Three Major Banks

[Mar 14, 2023 3:30 PM] After the failure of three major U.S. banks last week, with two of them being the second and third largest banking failures in the country, Moody’s Investors Service has downgraded the rating of the U.S. banking system from…

Bybit Halts US Dollar Deposits via Bank Transfer Due to Service ‘Outages’ From Partner

[Mar 4, 2023 1:00 PM] On March 4, 2023, cryptocurrency exchange Bybit announced that it had suspended U.S. dollar deposits via bank transfer. Bybit cited “outages” from its partner as the reason for the suspension of USD deposits via bank transfers and the…

Analyst Warns of Banks’ Authority to Confiscate Funds, Decline of US Dollar Purchasing Power

[Feb 9, 2023 2:30 PM] According to Lynette Zang, chief market analyst at ITM Trading, U.S. banks have the legal authority to confiscate people’s funds due to legislation passed by Congress. In a recent interview, Zang discussed how the purchasing power of the U.S…

Airtm Winds Down Cryptocurrency Trading, Exchanges All Funds to Native Stablecoin

[Jan 9, 2023 3:30 AM] Airtm, a Latam popular cryptocurrency exchange and wallet, has announced it is winding down cryptocurrency trading and custody in its platform. The company stated that starting Jan. 4, 2023, all cryptocurrency deposits and withdrawals would be…