Bank Crisis
Global Banking Crisis News
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Genesis Bankrupt to Liquidate BTC Trust Shares Worth $1 Billion
Genesis, the once popular cryptocurrency lending company, has filed for bankruptcy [and is now trying to sell shares from the…
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Ethereum’s Centralization Concerns Deepen After The Merge and Shanghai Upgrades
Key Insights: Ethereum’s staking yield drops to 5.5% after the Shanghai upgrade, intensifying centralization worries. Lido Finance dominates with one-third…
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Australian Treasury Warns Debanking Threatens Plunging Crypto Industry
Through the Treasury, the Australian government waded into the recent trend of financial institutions terminating banking services rendered to the…
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EU Agreement Seeks Crypto-Specific Regulations to Safeguard Traditional Financial System
The European Union (EU) realized a political agreement to amend the Capital Requirements Regulation and Directive in a resolution to…
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BitGo Terminates Acquisition of Prime Trust as Users Suffer Frozen Withdrawals
The provider of crypto custodian services BitGo confirmed that it would terminate talks regarding acquiring rival Prime Trust. It marks…
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Custodia Bank Set to Roll Out Bitcoin Custody Services
Custodia Bank chief executive Caitlin Long reveals advanced plans to introduce the Bitcoin custody services. Speaking to the Bitcoin 2023…
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More People Are Attracted To Bitcoin Due To Bank Risks – Expert
Lyn Alden, an expert in macroeconomics, recently revealed that the collapse of numerous regional banks this year has led to…
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Bank Crisis Is Driving Demand For Bitcoin – MicroStrategy Founder
MicroStrategy founder Michael Saylor revealed that the waning trust in the current monetary system is causing a surge in the…
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DBS Bank Crypto Platform Records 80% Trading Volume In 2022 – Official
As the crypto market bled last year, the state-backed DBS Bank in Singapore emerged as one of the few global…
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JP Morgan Claims US may Ban Short Selling
An analyst at JP Morgan has claimed that the regulators in the USA may be looking to bring a ban…
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Bitcoin Targets $30,000 Price Level Following Fed’s Announcement
In the early hours of May 4, Bitcoin (BTC) surged to $29,000, buoyed by the looming threat of another US…
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JP Morgan to Take Over Troubled First Republic Bank as Banking Crisis Worsens
Federal Deposit Insurance Corporation has taken over First Republic Bank recently as a measure to prevent the bank from going…
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FDIC Claims Cross River Executed ‘Unsafe’ Lending Practices
The Federal Deposit Insurance Corporation (FDIC) recent statement mandated Cross River to resolve the weaknesses inherent in its lending activities.…
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US Government Considers Bailing Out First Republic Bank- Will BTC’s Price Surge?
Since news broke out that First Republic Bank was on the brink of collapse, the US federal government and other…
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Circle CEO Claims Ongoing Banking Crisis and Regulatory Uncertainty May Push Investors Out of US
Jeremy Allaire is the CEO of Circle Foundation. He has recently shared the prediction in his latest statements that the…
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Daily Crypto Market Update – BTC Crosses $29K Amid New U.S Banking Crisis
The crypto market has recorded $59 billion in net inflows over the last 24 hours. Its valuation now stands at…
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