Bitcoin bull Balaji condemns the US for slacking in economic crises
Bitcoin bull and former Coinbase CTO Balaji Srinivasan has released a statement on Twitter claiming that the US actively ignores looming financial meltdowns. He also said that he is still optimistic about Bitcoin hitting the $1M tag but in 90 months now rather than 90...
Nigeria SEC preparing to license digital assets companies
Nigeria’s Securities and Exchange Commision has expressed interest in licensing digital assets companies to operate in the country. The Commission, however, wants to allow the trading of assets based on financial products like Equity, Debt or property but not...
JP Morgan buys First Republic Bank
U.S. banking giant JP Morgan has been confirmed as the new owner of First republic bank after presenting a winning bid. The First Republic Bank collapsed in April, prompting the regulators to take control of it. It's now the third major bank to fail in only two...
Twitter partners with eTORO to allow for stocks and crypto trading
The social media giant, Twitter, has partnered with financial services provider eToro to allow crypto and stock trading. This development comes after Elon Musk recently revealed that he wants the social media platform to be the most significant financial establishment alongside providing other services to its users.
Bank of England Governor says the market is testing banks, a similar opinion to President Biden’s
Bank of England (BoE) Governor Andrew Bailey has asked banks to be vigilant as the current market is unfavorable, echoing President Joe Biden’s latest sentiments that the ongoing banking collapse is not anywhere near its end.
Chinese banks reportedly eying the crypto space
Several Chinese banks are reportedly seeking to offer financial services to crypto firms in Hong Kong despite a crypto blanket ban in mainland China. Hong Kong has been active lately in crypto regulation and plans to have a new licensing regime for crypto exchanges this June.
Deutsche Bank latest in banking crisis contagion?
Deutsche Bank shares have retreated for a third day, losing over a fifth of their value in a month. The share prices fell by over 9% in early trade markets on March 24, 2023.
Gamestop (GME) reports a profit-squeezing shorters
GameStop has released a positive Q4 financial report, shocking many short-sellers as its shares skyrocketed. The company’s stocks had been on almost a free fall over the past few months, but the trend seems to be reversing now.
Inflation is spiking globally – 5 top survival tips
All economies worldwide, including the wealthiest ones like the U.K., US, Germany, Australia, and Spain, are being afflicted by a spiking level of inflation.
JP Morgan reckons that Deposit tokens could trade on DeFi like Stablecoins
JP Morgan, one of the largest investment banks in the world, has lately made a vaticination about the future of finance in the DeFi( Decentralized finance) space. According to the bank, deposit tokens could soon trade on DeFi platforms in an analogous manner to stablecoins.
FTX debacle gets new twists with Bankman-Fried at the center
FTX meltdown has been monumental. Now, a series of events haunt Bankman-Fried and keep him away from what was once his crypto estate.
Silvergate suspends 2023 dividends due to liquidity issues
Silvergate has suspended its dividends due to financial constraints. It claims it is taking that step to preserve a highly liquid balance sheet following a significant loss in Q4 2022.