In light of the present financial crisis, former Belgian Finance Minister and Member of the European Parliament Johan Van Overtveldt has advocated for a ban on cryptocurrency. According to Van Overtveldt, the digital asset business creates “no economic or social value.” These were made in a tweet by the ex-Belgian
Recent sources indicated that the historic merger deal between Credit Suisse and UBS Group would be concluded as early as Saturday evening. The Swiss National Bank and the Swiss Financial Market Supervisory Authority FINMA, Switzerland’s central bank and financial regulator, reportedly saw this merger as their sole option to avert
A Web3 wallet that supports cryptocurrencies and non-fungible tokens (NFTs) is apparently in the works for integration into Microsoft’s Edge browser. Software documenter and sometimes information leaker Albacore posted what seem to be early pictures of the company’s new Web3 wallet’s user interface (UI) on Twitter on March 17. Albacore
Silicon Valley Bank (SVB) has declared its intention to file for bankruptcy in order to sell its assets. In an effort to protect its assets, SVB voluntarily filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Southern District of New York. According to the paperwork, the
The cryptocurrency market is known for its volatility and unpredictability. Moreover, the prices of digital currencies such as Bitcoin, Ethereum, and others can change in a matter of hours, and the reasons behind the changes can be complex and multifaceted. In recent years, the crypto market has seen a surge
The global crypto market leader, Bitcoin (BTC), surged over 6.48% in the last 24 hours and reached a nine-month high of $26,256 after taking a deep dive into the $15K range during the prolonged bear market. In addition, BTC recapped a market cap of the $5 billion range since June
The Federal Reserve of the United States introduced its domestic instant payments system, called “FedNow,” on Wednesday, March 15. A strong collection of fundamental clearing and settlement functions and value-added services will be available from the start. To keep the boxes of security, resilience, and innovation from being checked off,
The inherent nature of the failure of Silicon Valley Bank and its effects on the stock market over the past week have not yet been solved. Investors and authorities have switched their attention from the United States to Europe. Credit Suisse led a selloff of bank shares after its largest
CEO of Ark Invest Cathie Wood slammed the American banking industry after many institutions failed. Tesla CEO, Elon Musk, nodded in agreement as she praised digital asset networks as a solution to the banking debacle. Cathie Wood tweeted a brief summary of the latest crisis, in which the US Bank
During a massive Bitcoin price surge, crypto titans seem to have jumped into action with massive buying intentions. As US banking stocks plummeted on Monday due to the bankruptcy of Silicon Valley Bank and Signature Bank, investors were relieved to see a surge in the value of cryptocurrencies. Even though
