European stock markets fell sharply on Monday after the size of the latest US banking crisis became known. In America, losses were limited after the largest banks already fell last week. In the meantime, most of the holes seem to have been closed and we can see who the winners and losers are of the […]
The four main banks for crypto companies in the United States are the Signature bank, the Prime Trust bank, the Silvergate bank and the Silicon Valley Bank (aka SVB). A few hours ago the American authorities decided to also close the Signature bank, while a yes-no game is starting between crypto and banks in the […]
Tesla CEO and richest man in the world Elon Musk provided the best summary of the current situation regarding US banks. With a simple meme, he showed an unknown superhero who had to choose between two possible buttons to press. The explanation for the first one was: crypto is fraud, keep your money in banks. […]
Bitcoin finished its worst week since FTX’s fall last November amid fears that several US crypto companies will lose access to bank credit. A midsized US bank had to be rescued and taken over by the government in order to ensure customer deposits. Fear is growing in the market that other US banks could follow. Silvergate […]
Panic over the solvency of Circle, a major US-based crypto firm, grew overnight and Circle management had to reassure customers that their funds would be protected. USDC, the second-largest stablecoin and fifth-largest cryptocurrency according to market cap, lost its peg to the dollar on Saturday morning as a result of some a good $2 billion […]
After the Federal Reserve sent a first warning this week that interest rates in the US can still be higher in order to slow down the economy and thus bring inflation down, there is now also the (self-elected) bankruptcy of the Silvergate bank, who was the official banker for many crypto companies in the US. […]
Both stocks in the United States and the crypto market reacted rather negatively to the tone of Federal Reserve Chairman Jay Powell earlier this week. After all, he announced that interest rates could be going up for a longer time than foreseen. The AI model that predicts the price of Bitcoin and Ethereum before the […]
The US stock market watchdog SEC (Securities and Exchange Commission) continues its series of repressive actions against crypto companies and seems determined to arrest fraudsters. After the debacles surrounding FTX and the Silvergate bank, the SEC is clearly not prepared to miss another crypto scandal. This time, started a lawsuit against crypto platform BKCoin which […]
Crypto companies in the United States needs banks, in fact much more than banks in the United States need crypto. If Silvergate, the California bank that so many American crypto companies did business with, were to collapse, it would create an existential problem for some of them. And a mega problem for the entire crypto […]
AI or Artificial Intelligence is very hot in 2023. We now see self-driving taxis in San Francisco, internet programs such as ChatGPT and Dall-E that can take over creative jobs once thought of as safe from automation and machine-learning programs that predict the prices of stocks and crypto. It is a real fashion trend this […]
