SVB – Ƀitsell X

An In-Depth Look Into the 2023 Banking Crisis — 3 of the Largest Bank Failures in US History

December 28, 2023

The U.S. economy experienced an interesting year in 2023, marked by unprecedented upheaval within the American banking sector due to the combined collapse of three major banks, the largest the nation has historically seen. Amidst this chaos, crypto assets such as bitcoin demonstrated remarkable resilience, even capitalizing on the banking sector’s misfortunes. Concurrently, other repercussions…
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Bitcoin’s inflation-hedge theory tested as rising interest rates bring turbulence to markets

September 29, 2023

The losses on US Treasuries recently surpassed $1.5 trillion and the likely outcome is turbulent markets, but how will Bitcoin price fare? The U.S. economy has been facing turbulent times lately, with the U.S. personal consumption expenditure (PCE) inflation index rising by a significant 3.5% over the past 12 months. Even when excluding the volatile…
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Crypto Biz: Bidding war for SVB Capital, new crypto funds and Citi’s private blockchain

September 23, 2023

This week’s Crypto Biz explores SVB Capital bids, new funds from Blockchain Capital, the Hut 8-US Bitcoin merger and Citigroup’s private blockchain. The venture capital industry appears to be gearing up for portfolio rebalancing in 2024, with investors positioning themselves to increase exposure to digital assets in the next bull market. Blockchain Capital, for instance,…
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Fed, NYDFS assess their supervisory performance after March’s big bank failures

April 29, 2023

Internal reviews of the supervision of Silicon Valley Bank and Signature Bank have been released, showing weaknesses on the part of the banks’ regulators as well as management. Bank regulators in the United States have turned from introspection to confession after the high-profile bank failures in March. The New York Department of Financial Services (NYDFS)…
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NFT markets are out of balance, with sellers dominating: Data

April 27, 2023

In April there hasn’t been a single day where total sellers on the market haven’t exceeded total buyers. Recent data has revealed that throughout April, the nonfungible token market has consistently seen more sellers than buyers, without a single exception. According to data from the analytics platform NFTGo, there were only 7,907 buyers on April 26, while…
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US Treasury seeks to tighten nonbank rules following banking crisis

April 24, 2023

Janet Yellen called for further regulation of nonbank institutions claiming they pose a systemic risk to U.S. financial stability. The United States Treasury and a number of top U.S. financial regulators suggested new rules to make it easier for the Federal Reserve to designate nonbank institutions as systemically important, making it easier to supervise and…
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Former Treasury Official Issues Dire Warning, Bill Ackman Fears Economic ‘Train Wreck,’ US Gov. Remains Top BTC Holder, and More — Week in Review

April 2, 2023

Warnings continue to pervade market and financial news this week, with Monica Crowley, former assistant secretary for public affairs for the U.S. Department of the Treasury, indicating “catastrophic” consequences if the U.S. dollar loses its status as the world’s reserve currency. In related news, billionaire Bill Ackman warned that the U.S. economy is “heading for…
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‘Panic of 2023’: James Corbett Explains How Bank Crisis Could Lead to CBDC ‘Nightmare of Total Monetary Control’

March 31, 2023

Investigative journalist James Corbett has recently referred to the ongoing global banking crisis involving SVB, Signature Bank, Credit Suisse and others as the “Panic of 2023,” drawing comparisons to what he views as historical precedents, and pointing ahead to an inevitable and bleak, technocratic surveillance future leveraging central bank digital currencies (CBDCs) should nothing be…
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Circle prefers reserves and payment rails with the Fed, says exec

March 29, 2023

Circle’s APAC Vice President said that the company currently holds 80% of its reserves but would ultimately like to keep all cash with the Fed, in light of the recent banking crisis. Circle has been subject to discussion in the crypto industry since the depegging of its stablecoin (USDC) due to the collapse of Silicon…
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Bitcoin price holds its ground in the wake of CFTC case against Binance

March 28, 2023

BTC options and derivatives markets seem unfazed by the CFTC’s recent action against Binance, but is that a good or a bad sign? The price of Bitcoin (BTC) fell 3.6% to $26,900 after Binance and CEO Changpeng “CZ” Zhao were sued by the United States Commodity Futures Trading Commission on March 27. To date, Binance…
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Category: SVB