In less than a week, the U.S. banking system has suffered two of the largest collapses in American history. Regulators shut down Silicon Valley Bank on Friday after customers rushed to withdraw their money as fears rose about the bank’s liquidity. Two days later, regulators shuttered Signature Bank following a similar run on deposits. (Disclosure: SmartAsset, […] Visit Banks in Distress: What You Need to Know About the Safety of Your Money on BitcoinWarrior. [Read More...]

SVB Group to hold public hearing to find out the truth of its bankruptcy filing
SVB Group files for bankruptcy SVB Financial Group, the parent company of Silicon Valley Bank (SVB), announced on the 17th that it has filed for bankruptcy by Chapter Eleven in the United States Bankruptcy Court for the Southern District of New York. Going forward, the company plans to carry out business reconstruction procedures under the […] [Read More...]
New FTX management says FTX paid $2.2 billion to Sam Bankman-Fried
FTX filed for Chapter 11 bankruptcy in November 2022 and shortly after the new CEO John J. Ray III described the exchange’s collapse as a “complete failure of corporate controls and a complete absence of trustworthy financial information.“ Four months after filing for bankruptcy, the new FTX management has disclosed that the firm paid up […] [Read More...]
Credit Suisse Business Uncertainty Brings Prices Down, 3 Reasons for Bitcoin Dominance
Macroeconomics and financial markets In the US NY stock market on the 15th, the Dow closed at $280 (0.87%) lower than the previous day and the Nasdaq at $5.9 (0.05%) higher. Credit Suisse stocks plummeted as financial concerns reignited over Credit Suisse, a major European financial institution, amid a series of bankruptcies in the United […] [Read More...]
What’s next for the Fed? ??Continuing interest rate hikes or the opposite scenario | coindesk JAPAN | Coindesk Japan
The US Federal Reserve (Fed) is grappling with two difficult scenarios. Continuation of Rate Hikes:Inflation is still too high (albeit falling), a tight labor market is likely to push prices higher, and inflation is affecting everyone. Nothing has changed. reverse scenario: Inflation is still high, but the pace of rising interest rates is depressing the […] [Read More...]
Consumer Privacy Protection Act could lead to fines for deceptive designs in apps and websites
Canada’s proposed Consumer Privacy Protection Act prohibits online consent processes that are deceptive or misleading. (Shutterstock) Canada’s proposed Consumer Privacy Protection Act (CPPA) prohibits online consent processes that are deceptive or misleading. Companies may face fines for breaking the act’s rules. This could be trouble for social media platforms, online shopping companies and other services […] [Read More...]
Bitcoin price prediction: BTC weekly close invalidates double top formation
Bitcoin price rose to around $22,600 on Sunday after rallying 11% from below $20,000. Technical analyst Rekt Capital says Bitcoin has cancelled a double top formation. A successful retest of $21,700 zone could see BTC continue short term upside recovery. Bitcoin has retested the $22,600 level after dropping sharply to trade under $20,000 last week. […] [Read More...]
U.S. signature bank shuts down, bank failures affect cryptocurrency industry
U.S. bank closures The New York State Department of Financial Services (NYDFS) announced today that it has closed Singature Bank to protect its depositors. It appointed the Federal Deposit Insurance Corporation (FDIC) as its trustee. As of December 31, 2022, the bank had total assets of approximately ¥14.89 trillion ($110.36 billion) and total deposits of […] [Read More...]
Will Bitcoin continue to fall sharply due to the financial crisis of US financial institutions, will the predicament continue | bitbank analyst…
Virtual currency market this week (3/4 (Sat) – 3/10 (Fri)) Mr. Hasegawa, an analyst at the major domestic exchange bitbank, illustrates this week’s bitcoin chart and analyzes the future outlook. table of contents Bitcoin on-chain data Contributed by bitbank Bitcoin on-chain data Number of BTC transactions Number of BTC transactions (monthly) Number of active addresses […] [Read More...]
US Circle puts transfer of $3.3 billion USDC reserves pending at Silicon Valley Bank
Transfers on hold at Silicon Valley Bank Around noon on the 11th (Japan time), US company Circle, which issues the US dollar-linked stablecoin USDC, made an unprocessed wire transfer of approximately 445 billion yen ($3.3 billion) to Silicon Valley Bank (SVB). announced that they were left behind. $3.3 billion is about 8% of USDC reserves […] [Read More...]
The impact of the Silicon Valley bank failure is ?? $ 902 million USD coin withdrawn from the exchange | coindesk JAPAN | Coindesk Japan
Silicon Valley Bank, known for lending to startups, has collapsed. The bankruptcy of a US bank is the largest since the 2008 Lehman Brothers bankruptcy. For the crypto-asset industry, this is a big blow, on par with the voluntary liquidation of crypto-friendly Silvergate Bank. In particular, the issuer of the USD coin (USDC), which had […] [Read More...]
HT, Huobi’s native token, price crashed by 90% on Thursday: here’s why
$2 million HT tokens were sold on Huobi prior to the crash. HT price momentarily dropped from $4.6 to $0.31. Tron’s founder Justin Sun is the largest holder of HT tokens. HT, the native token of Huobi Exchange, crashed by over 90% on Thursday dropping to $0.31 from $4.6 in just 10 minutes. Although the […] [Read More...]
Mt. Gox’s largest creditor says he will not sell bitcoin due to be paid back: report
Mt Gox largest creditor intent One of the largest creditor funds has indicated that it will not sell Bitcoin (BTC) as Mt Gox, a cryptocurrency exchange that went bankrupt in 2014, is about to begin repayment. I found out on the 9th. An anonymous source familiar with the Mt Gox Investment Fund (MGIF), which bought […] [Read More...]
What Will Cause The Next Great Crash?
The Broad Market Index was down 2.67% last week and 48% of stocks out-performed the index. With 60% of companies now reporting financial statements to the Securities and Exchange Commission (SEC) for the December period, growth remains elevated. Sales growth continues to fall on average but remains high at nearly 15%. The frequency of improvement […] [Read More...]
FTX Sues Grayscale, Digital Currency Groups
Pointing out problems with investment trusts Collapsed cryptocurrency exchange FTX and its related debtors announced today that they have filed a lawsuit against cryptocurrency manager Grayscale and related parties, represented by investment firm Alameda Research, a sister company of FTX. bottom. It claims that there was a problem with the operation of the Bitcoin (BTC) […] [Read More...]
Alaska Says It’s Now Legal “in Some Instances” to Discriminate Against LGBTQ Individuals
by Kyle Hopkins, Anchorage Daily News This article was produced for ProPublica’s Local Reporting Network in partnership with the Anchorage Daily News. Sign up for Dispatches to get stories like this one as soon as they are published. In June 2020, after the U.S. Supreme Court ruled that workplace discrimination against people based on their […] [Read More...]
Russia Moscow Credit Bank Issues Bank Guarantee Denominated in “Chinese Yuan” on Blockchain
digital bank guarantee Russia’s Moscow Credit Bank (MKB) announced today that it has issued the country’s first digital bank guarantee using blockchain. Denominated in Chinese yuan, the face value exceeds 100 million yuan (approximately 1.98 billion yen). It adopted the blockchain “Masterchain” platform developed by the Bank of Russia (central bank). The advantage of issuing […] [Read More...]
US government agencies to hold regular meetings to discuss CBDC
A regular forum to discuss CBDC U.S. Treasury Department Undersecretary for Domestic Finance Nellie Liang said Wednesday that multiple government agencies plan to meet regularly to discuss central bank digital currencies (CBDCs). Liang made a speech at a conference of the think tank Atlantic Council about the policies of the Ministry of Finance-led interagency CBDC […] [Read More...]