In Todays Headline TV CryptoDaily News: UK banks are turning away crypto clients. Crypto companies are facing difficulties accessing banking services in the United Kingdom, according to multiple sources. The few banks still working with crypto firms are requesting more documentation and information about how they monitor clients’ transactions. TUSD Stablecoin daily trading volume surpasses…
Finance Renowned economist Dr. Nouriel Roubini, in a recent MarketWatch op-ed, discusses the precarious situation faced by investors and banks. Nouriel Roubini has held the position of Professor Emeritus at the Stern School of Business, New York University, since 2021, after serving as a Professor of Economics from 1995 to 2021. Additionally, he is the…
Finance British Prime Minister Rishi Sunak has grand plans for a crypto hub, but banks in the United Kingdom have other ideas. According to a Bloomberg report on April 2, banks in the United Kingdom are restricting transactions and their dealings with crypto companies and exchanges. The report specified that HSBC and Natwest have restricted…
Analytics The recent banking crisis shows how bank runs have evolved, and any further accidents could prove pivotal for bitcoin, according to Bernstein analysts. “Welcome to the new world of hyper-speed information flows and hyper-speed bank runs,” Bernstein analysts led by Gautam Chhugani said, referring to the fervor on social media that heightened tensions around…
Analytics In the aftermath of the latest banking crisis, institutions are putting clear blue water between them and the crypto sector. How worried should the industry be about the banks’ standoffishness? Some analysts believe there are long- and short-term benefits. Over the course of less than a week, three of the US tech industry’s biggest…
(AP Photo/Damian Dovarganes) Copyright 2023 The Associated Press. All rights reserved Key Takeaways First Citizens Bank is acquiring the bulk of Silicon Valley Bank’s deposits and loans, roughly doubling the size of the bank They’ve been able to purchase the assets at a discount of $16.5 billion First Citizens Bancshares have rocketed on the news,…
Analytics The failure of Silicon Valley Bank seems to have unraveled a range of financial difficulties within the US banking sector. That the rising interest rates made matters worse for many banks is sufficiently established by now. But the larger question is whether the banks could survive a bank run? The Silicon Valley Bank customers…
(Photo by Spencer Platt/Getty Images) Getty Images Key Takeaways Banks investors have been on a wild ride, as the collapse of Silicon Valley Bank and Signature Bank caused a widespread selloff on Monday The drawdowns were particularly heavy in smaller regional banks, with investors and deposit holders rushing for exits to larger banks Tuesday saw…
Bitcoin Onchain data suggests that Bitcoin (BTC) appears to be a haven for investors looking to escape the unfolding banking crisis in the United States. A staggering 67.7% of all BTC has remained unmoved for over a year, recent data from Glassnode shows. Banks are failing, and a record high 67.7% of all BTC has…
Bitcoin Following the collapse of Silicon Valley Bank and Signature Bank, depositors are being urged to put their money into Gold. Gold and Bitcoin price movement has been pretty in sync despite facing different challenges as BTC rose above $24,000 on Monday. Bitcoin price is climbing to year-to-date highs, noting an almost 18% increase in…