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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.
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.
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.
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...
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In the past 24 hours, the total transaction volume of cryptocurrency had exceeded $100 billion. This marked an increase of 63.07% over the previous day. The total market value, at press time, is $2.12 trillion, a month-on-month increase of 4.75%. Such a bullish trigger incorporated an impressive institutional inflow across different digital assets. What a […]
Iran is banning cryptocurrency mining for the second time this year in order to reduce the strain on the nation’s power grid. (Read More)
Authorities in Iran have again told licensed miners to suspend their activities in the face of electricity shortages during the cold winter months. Following a period of similar restrictions this past summer, authorized companies were allowed to resume mining in September. Crypto Mining Farms in Iran to Shut Down During Winter Expecting energy needs across […]
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.
Tether (USDT) is a type of cryptocurrency known as a stablecoin. It is designed to maintain a stable value by being pegged to a reserve of fiat currencies like the US Dollar at a 1:1 ratio. This means that each USDT token is backed by an equivalent amount of real-world currency held in reserve. One [...]
The post Discover the Ins and Outs of Tether (USDt): A Comprehensive Guide to its Functionality appeared first on Crypto Breaking News.
Restaking and Rehypothecation: Understanding These Crypto Concepts Restaking and rehypothecation are fundamental concepts in the world of cryptocurrencies. While they may sound complex, they are essential to grasp for anyone looking to maximize their investment potential. Restaking refers to the process of reinvesting staked assets to earn more rewards. For example, if you stake your [...]
The post The Ins and Outs of Restaking vs. Rehypothecation: Understanding the Key Differences appeared first on Crypto Breaking News.
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.
At around 7:30 a.m. ET, the price of bitcoin skyrocketed past the $27,000 range to a high of $27,025 per unit. Precious metals, or PMs, like gold and silver, also rose between 1.98% and 2.12% against the U.S. dollar over the past day. While many market observers are wondering why specific assets like PMs and [...]
The post ‘Next Round of Bailouts Is Here’ — Bitcoin and Precious Metals Soar Amid Speculation of Fed Policy Change appeared first on Crypto Breaking News.
Shiba Inu emerges as the leader in the crypto world, topping the list of cryptocurrencies by trend searches. It even outshined the meme token that has recently taken the market by storm – PEPE. Should we consider this as an indicator of upcoming SHIB price surges? SHIB still whale’s darling SHIB has been the Whale’s …
<p>The post Shiba Inu (SHIB) outshines PEPE on trending searches, but here’s the catch first appeared on CCNC | Cryptocurrency Newscast.</p>
The leaders of the decentralized autonomous organization (DAO) governing the ApeCoin ecosystem have been criticized by community members for what they described as “insane” salaries after the sums were published in an organizational chart. On June 10, the ApeCoin DAO secretary who goes by “Vulkan” published an organizational chart on Twitter, detailing the salaries of [...]
The post Board member Yat Siu answers community concerns on ApeCoin DAO salary payouts appeared first on Crypto Breaking News.
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