How to financially prepare for a recession

To stay recession-proof, build an emergency fund, cut expenses, diversify investments, pay off debt and enhance your skills.

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Voyager's $1B sale to Binance.US put on hold by US court

A federal judge has temporarily halted a proposed deal between Voyager and Binance.US in order to give the government more time to pursue appeals that challenge the deal.

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US authorities consider expanding credit line for banks

US authorities are considering expanding an emergency credit line for banks to provide First Republic Bank with a time buffer to address balance sheet concerns, according to Bloomberg sources. The bank is deemed stable enough to operate without immediate intervention. (Read More)

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Makerdao Issues Emergency Proposal to Address $3.1B in USDC Collateral After Stablecoin Depegging Incident

On March 11, 2023, the decentralized finance project Makerdao issued an emergency proposal following the USDC depegging incident that saw the stablecoin dip down to $0.877 per unit. At the time of writing, Makerdao commands $3.1 billion in USDC collateral that backs a portion of the project’s stablecoin, DAI. Makerdao Proposes Changes to Limit Exposure [...]

The post Makerdao Issues Emergency Proposal to Address $3.1B in USDC Collateral After Stablecoin Depegging Incident appeared first on Crypto Breaking News.

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Xavier Art Fest Allows NFT Art Entries For 2023

This year’s Xavier Art Fest will allow NFTs and digital collectibles to join the exhibit. All funds raised will be donated to charities.

The post Xavier Art Fest Allows NFT Art Entries For 2023 appeared first on BitPinas.

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Crypto lender Genesis has no solution yet for withdrawal halts

Genesis said it will take additional weeks to carve out a recovery path for its lending business.

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Binance to donate $10 million to Ukraine emergency relief fund

Through their Charity Foundation, Binance, the world’s biggest crypto and blockchain infrastructure provider, has pledged a minimum of US$10 million to aid the humanitarian situation in Ukraine. The donation will be shared among major intergovernmental and nonprofit organizations already operating in Ukraine, such as UNICEF, UNHCR, the UN Refugee Agency, iSans, and People in Need. […]

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Canada’s Govt. Emergencies Act Gives Power To Freeze Crypto Transactions Unilaterally

In an effort to put an end to the ongoing trucker protests Canada‘s Prime Minister Justin Trudeau decided to invoke the 1988 Emergencies Act, for the first time in 50 years giving the power to freeze bank accounts and monitor “large and suspicious transactions” including funds used for crypto transactions without inviting any civil liability. […]

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Swiss regulators consider UBS takeover of Credit Suisse to prevent collapse

Swiss regulators are reportedly considering emergency measures to accelerate the acquisition of Credit Suisse by UBS, Switzerland's largest bank. The Swiss National Bank and the Swiss Financial Market Supervisory Authority believe that the acquisition is the only way to prevent a collapse in confidence in Credit Suisse following a series of financial scandals. (Read More)

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Switzerland preparing emergency measures for UBS’ takeover of Credit Suisse: Report

The Swiss National Bank (SNB) and Switzerland’s financial regulator reportedly believe that the acquisition of investment bank Credit Suisse by UBS, Switzerland’s largest bank, is the “only option” to prevent a “collapse in confidence” in Credit Suisse. According to a March 18 Financial Times report citing three people familiar with the situation, Switzerland is preparing [...]

The post Switzerland preparing emergency measures for UBS’ takeover of Credit Suisse: Report appeared first on Crypto Breaking News.

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Texas Securities Board Issues Emergency Cease and Desist Order to Abra and CEO, William Barhydt

The Texas State Securities Board has taken decisive action against Abra by issuing an Emergency Cease and Desist Order. The order, also directed at Abra's CEO, William (Bill) Barhydt, alleges securities fraud and misleading statements in connection with Abra's digital asset depository accounts. (Read More)

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Crypto Firm Abra Said to be Insolvent in Texas State Regulators’ Cease-and-Desist Order

According to an emergency cease-and-desist order from the Texas State Securities Board, the cryptocurrency firm Abra is “insolvent or nearly insolvent.” The filing alleges that a group of state securities regulators has been investigating Abra, and the working group interviewed William Barhydt, the company’s founder, in March 2023. Texas State Regulators Issue Cease-and-Desist Order, Citing [...]

The post Crypto Firm Abra Said to be Insolvent in Texas State Regulators’ Cease-and-Desist Order appeared first on Crypto Breaking News.

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An In-Depth Look at Binance’s TRO Opposition, Filing Insists SEC Manufactured an Emergency ‘for Its Own Purposes’

Binance fired back at the U.S. Securities and Exchange Commission’s temporary restraining order (TRO) request on Monday, assuring the court that “there is no risk” to customer assets. The exchange’s legal team dismissed the notion of an “emergency,” claiming that it is “manufactured by the SEC for its own purposes.” ‘Why Now?’—Binance Hits Back at [...]

The post An In-Depth Look at Binance’s TRO Opposition, Filing Insists SEC Manufactured an Emergency ‘for Its Own Purposes’ appeared first on Crypto Breaking News.

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How to build an emergency fund using budgeting apps

Building an emergency fund is a crucial part of financial planning. With the help of budgeting apps, it has become easier to save money and build an emergency fund. This article will discuss the characteristics of an emergency fund and general steps to building an emergency fund using budgeting apps. What is an emergency fund? [...]

The post How to build an emergency fund using budgeting apps appeared first on Crypto Breaking News.

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SEC Seeks Court Approval to Freeze Binance US Crypto Assets, Citing Customer Safety Concerns

Seeking court approval, the U.S. Securities and Exchange Commission (SEC) is actively pursuing a measure to freeze cryptocurrency assets linked to Binance US. In order to to “ensure the safety of customer assets,” the securities regulator deems this action as an urgent necessity. SEC Files Emergency Motion to Freeze Assets Held by BAM Management US [...]

The post SEC Seeks Court Approval to Freeze Binance US Crypto Assets, Citing Customer Safety Concerns appeared first on Crypto Breaking News.

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JP Morgan Executive Warns of Banking Collapse

Bob Michele, CIO of JP Morgan Asset Management, expresses concern over how US regional banks will operate post-emergency lending programs, warning of potential collapse after First Republic Bank's liquidity issues. (Read More)

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