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OneCoin by Ruja Ignatova was among the top scam projects that duped investors worth billions of dollars Irina Dilkinska, the former executive and head of compliance at OneCoin has been charged for her role in popularising the scam project that stole investors’ money worth billions of dollars. Irina faces upto 40 years in prison after …
The failure of the U.S. banking system has pushed investors to look for better investment options. The U.S. banking system is falling apart like a house of cards. It started with the shutdown of Silicon Valley Bank (SVB) followed by the fall of Signature bank. Both the banks suffered from the increased interest rate by …
U.S. has already moved ahead with the pilot launch of CBDC last year under Biden’s regime. Florida Governor has proposed a legislative proposal that would prohibit the use of Central Bank Digital currency in the state. Governor Ron DeSantis is also rumoured to run for the Presidential election from the Republican side. The proposed law …
Jack Maller expects Bitcoin to pump after the collapse of the U.S. banking system. Following the collapse of Silicon Valley Bank (SVB) and Signature Bank, the Federal Reserve injects $300 billion into the banking sector to save the financial system. Adding onto the event, Strike CEO Jack Maller predicted the rise of Bitcoin as the …
Signature Bank to repon 40 branches under the name of Flagstar Bank starting March 20. After the shutdown of the Signature bank by The U.S. Federal Deposit Insurance Corporation (FDIC). The bank is set to make its comeback this week under a different name. As per the news, Signature bank’s deposits and loans are set …
The former Chief Technology Officer at Coinbase Balaji Srinivasan has made a big bet on Bitcoin, claiming it to hit $1 million in 90 days After the back-to-back failure of U.S. and Swiss banks, it’s time for Bitcoin to rise. Betting high on $BTC, Balaji Srinivasan predicted that the cryptocurrency will reach $1 million by …
As reported by Bloomberg, Peter Thiel’s venture capital firm Founders Fund had withdrawn all of its funding from SVB. Billionaire investor and founder of PayPal and Palantir is accused of sparking the SVB collapse after reports of him withdrawing millions of dollars from the bank and influencing businesses to withdraw their deposits. Silicon Valley Bank …
Signature bank became the third-largest failure in U.S. banking history since 2007 Financial crisis. Silicon Valley Bank shutdown is followed by New York based Signature Bank amid the weakening of the financial system. The Federal Deposit Insurance Corporation (FDIC) took control of the Signature this week. As per the data provided by the New York …
Celsius network froze customer withdrawals and filed for Chapter 11 bankruptcy in July 2022 U.S based crypto lending protocol Celsius network has released a list of names of users who are eligible to withdraw assets locked on the platform. The 1400-page document submitted to the New York bankruptcy court shows that the court has granted …
The firm’s director has launched this initiative to payback creditors before the expiration of the moratorium extension. HongKong based crypto lender protocol Babel Finance is having a tough time paying back the creditors. The co-founder Wang Li lost $524 million in proprietary trading losses and $224 million lost after lenders liquidated collateral that underpinned loans …