Due to insufficient investor interest, 21Shares, a crypto ETP issuer located in Switzerland, would allegedly shut down five of its funds and delist another. According to Arielle Pennington, the company’s head of global communications, the company will keep offering its other products, which are in high demand. Bloomberg reports that
With the approval of American regulators, a division of New York Community Bancorp has agreed to buy deposits and loans from the recently shut down Signature Bank in New York. Flagstar Bank, a wholly owned subsidiary of Flagstar Bank, was announced by the FDIC to have agreed to acquire essentially
An optimistic result for the cryptocurrency market at the forthcoming Federal Open Market Committee (FOMC) meeting is possible given the continued banking crisis and macroeconomic worries in the United States. On March 21st and 22nd, 2023, the Federal Open Market Committee will convene to discuss how best to achieve the
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
The launch of Meta Verified on Instagram and Facebook (Meta) in the United States was announced by CEO Mark Zuckerberg today. As of last month, subscribers in Australia and New Zealand may pay a monthly charge to have their Instagram and Facebook accounts as verified. Monthly fees for Meta Verified
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
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
On Tuesday, investors shrugged aside the long-term repercussions of a regulatory clampdown on crypto-friendly banks, while U.S. consumer price index (CPI) data pointed to decreasing inflation in the coming months, sending bitcoin and ether temporarily over $26,000 and $1,770, respectively. Both prominent tokens dropped as much as 5% from their
