Fed Vice Chair Quarles Says Digital Dollar Could Pose Significant Risks to US Banking System 2 min read cbdc bitcoin Fed Vice Chair Quarles Says Digital Dollar Could Pose Significant Risks to US Banking System The Federal Reserve’s vice chairman of supervision and the chair of the Financial Stability Board (FSB), Randal...Read More
Analysts Suspect Banking Crisis Triggered ‘Resting Bull Market’ in Gold, Silver Could Print Much Higher Gains 4 min read asset allocation Analysts Suspect Banking Crisis Triggered ‘Resting Bull Market’ in Gold, Silver Could Print Much Higher Gains admin March 19, 2023 At the start of the week, a troy ounce of .999 fine gold was trading at $1,813...Read More
‘Next Round of Bailouts Is Here’ — Bitcoin and Precious Metals Soar Amid Speculation of Fed Policy Change 4 min read Bailouts ‘Next Round of Bailouts Is Here’ — Bitcoin and Precious Metals Soar Amid Speculation of Fed Policy Change admin March 18, 2023 At around 7:30 a.m. ET, the price of bitcoin skyrocketed past the $27,000 range to a high...Read More
Undeterred by Fears of a Banking Crisis, ECB Raises Interest Rates by 50bps 3 min read baking Undeterred by Fears of a Banking Crisis, ECB Raises Interest Rates by 50bps admin March 18, 2023 The European Central Bank (ECB) has convened to raise three of its key interest rates by 50bps...Read More
UK Treasury Budget Discusses Separate Reporting of Crypto Assets in Tax Documents 3 min read annual budget UK Treasury Budget Discusses Separate Reporting of Crypto Assets in Tax Documents admin March 16, 2023 Taxpayers in the United Kingdom will have to report cryptocurrency assets separately in their tax documents for...Read More
Michael Burry Compares Current Banking Turmoil to Panic of 1907 — Highlights Markets Bottoming 3 min read big short investor Michael Burry Compares Current Banking Turmoil to Panic of 1907 — Highlights Markets Bottoming admin March 16, 2023 Michael Burry, a hedge fund manager renowned for predicting the 2008 financial crisis, has drawn parallels between...Read More
Moody’s Downgrades US Banking Sector to Negative After Collapse of Three Major Banks 4 min read asset-liability management Moody’s Downgrades US Banking Sector to Negative After Collapse of Three Major Banks admin March 14, 2023 After the failure of three major U.S. banks last week, with two of them being the second...Read More
Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits 3 min read ACH Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits admin March 13, 2023 Circle Financial, the issuer of the stablecoin USDC, is partnering with Cross River Bank after its former...Read More
US Treasury Secretary Rules Out Government Bailout of Silicon Valley Bank 3 min read Bail-Out US Treasury Secretary Rules Out Government Bailout of Silicon Valley Bank admin March 12, 2023 U.S. Treasury Secretary Janet Yellen has ruled out a government bailout of the collapsed Silicon Valley Bank...Read More
Silicon Valley Bank Failure Highlights Dangers of Fractional-Reserve Banking 6 min read 19th century Silicon Valley Bank Failure Highlights Dangers of Fractional-Reserve Banking admin March 12, 2023 After the failure of Silicon Valley Bank (SVB), a great deal of Americans are starting to realize...Read More
Nigerian Central Bank Unveils Open Banking Guidelines 3 min read Africa Nigerian Central Bank Unveils Open Banking Guidelines admin March 12, 2023 The Nigerian central bank recently said it had issued operational guidelines for open banking in Nigeria which...Read More
Fed Chair Warns of Higher Interest Rates Than Previously Anticipated, Faster Hikes 3 min read Economics Fed Chair Warns of Higher Interest Rates Than Previously Anticipated, Faster Hikes admin March 8, 2023 Federal Reserve Chairman Jerome Powell has warned that “the ultimate level of interest rates is likely to...Read More