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CATEGORY: bailout


Mar 30, 2023 06:05

There’s No Reason To Trust Banks And, Thanks To Bitcoin, We Don’t Have To

Trust in central and commercial banks is eroding quickly. The internet and social media are oil in the fire and Bitcoin is the extinguisher.

Mar 27, 2023 10:30

Experts Predict More Bank Failures in the US Following Interest Rate Hike and Unsettled Banking Crisis

After the recent bank collapses in the U.S., a number of people believe that more failures are coming following the Federal Reserve’s increase of the benchmark interest rate by 25 basis points (bps). American journalist Charles Gasparino insists that Wall Street’s “low-rate” junkies are ignoring the U.S. banking crisis. Quill Intelligence CEO Danielle DiMartino Booth [...]

The post Experts Predict More Bank Failures in the US Following Interest Rate Hike and Unsettled Banking Crisis appeared first on Crypto Breaking News.

Mar 22, 2023 05:50

Yellen Says US Could Back All Deposits at Smaller Banks if Needed to Prevent Contagion

U.S. Treasury Secretary Janet Yellen says the federal government could guarantee all deposits of smaller banks if they “suffer deposit runs that pose the risk of contagion.” The government recently protected all deposits of Silicon Valley Bank and Signature Bank after they failed. U.S. Government Ready to Guarantee More Deposits if Needed U.S. Treasury Secretary [...]

The post Yellen Says US Could Back All Deposits at Smaller Banks if Needed to Prevent Contagion appeared first on Crypto Breaking News.

Mar 14, 2023 05:50

Goldman Sachs Now Expects No Rate Hike in March Due to Stress in US Banking System

Goldman Sachs has revised its U.S. interest rate forecast due to “stress in the banking system.” The global investment bank no longer expects the Federal Reserve to raise interest rates at its Federal Open Market Committee (FOMC) meeting in March after the central bank announced measures to rescue depositors of failed Silicon Valley Bank and [...]

The post Goldman Sachs Now Expects No Rate Hike in March Due to Stress in US Banking System appeared first on Crypto Breaking News.

Mar 13, 2023 10:30

Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits

Circle Financial, the issuer of the stablecoin USDC, is partnering with Cross River Bank after its former settlement partner, Signature Bank, was closed by New York regulators, according to a statement from CEO Jeremy Allaire. “The 1:1 redeemability of all USDC in circulation is of paramount importance to Circle,” Allaire emphasized. Crypto Firms Scramble for [...]

The post Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits appeared first on Crypto Breaking News.

Mar 13, 2023 10:30

Is This a Crypto Banking Bailout?

Meanwhile, the Federal Reserve is giving out its one-year loans to banks, letting them pledge Treasuries and other high-quality assets at face value. So, if a bank needs cash quickly to pay for customer withdrawals, they won’t have to race out and sell their assets at a loss. The Fed isn’t funded by federal appropriations, [...]

The post Is This a Crypto Banking Bailout? appeared first on Crypto Breaking News.

Mar 12, 2023 06:55

Yellen Works with Regulators to Address Silicon Valley Bank Collapse


United States Treasury Secretary Janet Yellen is working with regulators to address the collapse of Silicon Valley Bank (SVB), one of the top 20 largest banks in the US. Yellen has stated that they are focused on protecting depositors, particularly small businesses that employ people across the country, and that they are considering a range of available options, including acquisitions from foreign banks. (Read More)

Mar 13, 2023 05:50

NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout

On Sunday, the New York Department of Financial Services, or DFS, announced that it had taken possession of Signature Bank. The DFS appointed the Federal Deposit Insurance Corporation, or FDIC, as the receiver of the bank. In a joint statement, the U.S. Federal Reserve, Treasury Department, and FDIC explained that all Signature depositors would be [...]

The post NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout appeared first on Crypto Breaking News.

Mar 12, 2023 10:30

Report: Silicon Valley Bank Under FDIC Auction as Calls for Bailout Grow

The U.S. Federal Deposit Insurance Corporation (FDIC) began an auction process for Silicon Valley Bank (SVB) late Saturday night, according to reports. Final bids are due by Sunday afternoon. Unnamed sources indicate that the FDIC is seeking to close the deal promptly after California regulators closed the bank and placed it into FDIC receivership on [...]

The post Report: Silicon Valley Bank Under FDIC Auction as Calls for Bailout Grow appeared first on Crypto Breaking News.

Mar 12, 2023 10:30

US Treasury Secretary Rules Out Government Bailout of Silicon Valley Bank

U.S. Treasury Secretary Janet Yellen has ruled out a government bailout of the collapsed Silicon Valley Bank (SVB), which was shut down by regulators on Friday. Yellen explained that the reforms put in place after the 2008 financial crisis were aimed at preventing the need for government bailouts. Government Not Considering a Bailout for SVB, [...]

The post US Treasury Secretary Rules Out Government Bailout of Silicon Valley Bank appeared first on Crypto Breaking News.

Crypto exchange Digital Surge emerges as a rare survivor of FTX fallout

Author: Cointelegraph By Felix Ng
United States
Jan 25, 2023 08:20

Crypto exchange Digital Surge emerges as a rare survivor of FTX fallout

The Australian crypto exchange had $23.4 million of digital assets locked on FTX when it collapsed and FTX’s Australian subsidiary went into administration.

Jun 28, 2022 10:35

Morgan Creek Digital to Raise $250m, Balancing BlockFi's Bailout from FTX


Bailing out the crypto lending platform BlockFi has come off as one of the most significant endeavours for early investors in the company such as Morgan Creek Digital. (Read More)

Crypto's "Bail Out King" - Who is Lending out Billions to Save Multiple Crypto-Companies?

Author: noreply@blogger.com (Silicon Valley Newsroom)
United States
Jun 28, 2022 04:15

Crypto's "Bail Out King" - Who is Lending out Billions to Save Multiple Crypto-Companies?


Crypto billionaire Sam Bankman-Fried Founded popular exchange 'FTX' in 2019 - but recently he's been called 'a savior' for what he's done to save multiple companies from insolvency as the Terra Luna market crash and overall weak economy hit crypto at once...

Video Courtesy of CNBCSubscribe to GCP in a reader

Jun 24, 2022 10:35

Bailout Might Not the Best Option for Saving Poor Crypto Projects, Says CZ


Binance boss Changpeng Zhao (CZ) said not all firms are meant to be saved, and he implied that this current economic meltdown that has rubbed off on the crypto industry is just a way to expose the firms without concrete business models. (Read More)

Jun 23, 2022 11:05

BlockFi And Voyager Get Bailed Out By FTX

As contagion spreads, FTX loans out hundreds of millions to two of the largest yield-generating shops in the space. What does this mean for BlockFi and Voyager?

Mar 20, 2023 10:30

First Republic Bank’s Shares Downgraded to Junk Status by S&P Global; Stock Slides More Than 25% Lower

After UBS acquired Credit Suisse and close to a dozen financial institutions injected $30 billion into First Republic Bank four days ago, S&P Global downgraded First Republic’s shares to junk status on Sunday. Investors are concerned that the cash infusion from 11 major financial institutions may not address the bank’s liquidity issues. First Republic’s shares [...]

The post First Republic Bank’s Shares Downgraded to Junk Status by S&P Global; Stock Slides More Than 25% Lower appeared first on Crypto Breaking News.

Feb 09, 2024 05:50

Former Bitmex Chief Foresees Bitcoin Rising to $1 Million Amid Banking Bailout and Money Printing Surge

Arthur Hayes, former CEO of crypto exchange Bitmex, has predicted a remarkable surge in the price of bitcoin, envisioning it reaching $1 million amidst anticipated banking bailout measures and significant money printing by the Federal Reserve. Hayes expects the troubled New York Community Bancorp (NYCB) to become bankrupt after Moody’s cut its credit rating to [...]

The post Former Bitmex Chief Foresees Bitcoin Rising to $1 Million Amid Banking Bailout and Money Printing Surge appeared first on Crypto Breaking News.

Mar 19, 2023 10:30

Google Trends Data Reveals Searches for ‘Banking Crisis,’ ‘Bank Runs,’ Skyrocket

Interest in the U.S. banking crisis has risen greatly over the past two weeks, as shown by Google Trends data. There has been a sharp increase in queries related to search terms such as “banking crisis,” “bank collapse,” and “bank failure.” On March 13, 2023, the search term “banking crisis” reached the top Google Trends [...]

The post Google Trends Data Reveals Searches for ‘Banking Crisis,’ ‘Bank Runs,’ Skyrocket appeared first on Crypto Breaking News.

Mar 19, 2023 02:10

Burry on Banking Crisis, Kiyosaki Warns of ‘Fake Money’ Injections; Talk of ‘Anti-Crypto’ Agenda Behind Signature Bank Collapse — Week in Review

Speculation and debate continue to rage surrounding the current global banking debacle. Hedge fund manager Michael Burry — known for predicting 2008’s economic crisis — is drawing comparisons to the Panic of 1907, while Rich Dad Poor Dad author Robert Kiyosaki warned this week of more ‘fake money’ being injected into the U.S. economy. In [...]

The post Burry on Banking Crisis, Kiyosaki Warns of ‘Fake Money’ Injections; Talk of ‘Anti-Crypto’ Agenda Behind Signature Bank Collapse — Week in Review appeared first on Crypto Breaking News.

Mar 18, 2023 10:30

Elon Musk Criticizes Federal Reserve’s Data Latency and Calls for Immediate Rate Drop Amidst Banking Chaos

Amidst the chaos in the U.S. banking sector, Elon Musk, the CEO of Tesla and owner of Twitter, has been critical of the country’s central bank. Musk insists that the U.S. Federal Reserve is operating with “way too much latency in their data,” and he insists that the central bank needs to drop the federal [...]

The post Elon Musk Criticizes Federal Reserve’s Data Latency and Calls for Immediate Rate Drop Amidst Banking Chaos appeared first on Crypto Breaking News.

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