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Tag: depositors

Bitcoin Targets $27,000 As CME’s Bitcoin Futures Events Contracts Make Their Debut

Advertisement &nbsp &nbsp Bitcoin is gaining significant bullish momentum following a potpourri of multiple tailwinds, including the launch of event contracts on BTC futures...

Crypto Market Surge Leads to $320 Million in Liquidations

The price of the flagship cryptocurrency Bitcoin ($BTC) has over the last 24 hours surged significantly to surpass the $26,000 mark in a move...

Silicon Valley Bank was the tip of a banking iceberg

Traditional financial institutions take deposits from customers and use them to make loans. But they loan out much more than what they have in...

Dollar fluctuated after SVB’s collapse. What about euro?

The U.S. dollar plunged on Tuesday, exchanging hands near a multi-week low before rebounding slightly. Traders worried about the outcome of two major American...

Limitless: a look at the Fed’s mission creep

This past week’s bailout of depositors at Silicon Valley Bank will remain hotly debated, but one thing is likely: this latest expansion of the...

Paribus. A Glimmer of Hope.

Following on from last week’s drama, this week sees more uncertainty in the banking, tech, and crypto sectors. While the US has been pushing...

British pound’s rally fizzles as markets settle down

The British pound has reversed directions after an impressive rally that saw GBP/USD climb 370 points. In the European session, GBP/USD is trading...

The Silicon Valley Bank Collapse, Contagion, and Containment

The collapse of Silicon Valley Bank (SVB) has sent shockwaves throughout the global economy. SVB was the parent bank that focused on tech startups,...

Okcoin Halts U.S. Dollar Deposits After Signature Bank Shutdown

Okcoin, the U.S. affiliate of cryptocurrency exchange OKX, announced on March 13 that it had no exposure to defunct U.S. tech bank Silicon Valley...

Circle Partners with Cross River Bank for USDC Production and Redemption

Circle, a leading global crypto finance company, has announced that it has partnered with Cross River Bank for producing and redeeming USD Coin (USDC),...

Yellen Works with Regulators to Address Silicon Valley Bank Collapse

On March 10, 2023, California’s financial watchdog shut down Silicon Valley Bank (SVB) following an announcement of a significant sale of assets and stocks...

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