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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As reported by Bloomberg, Peter Thiel’s venture capital firm Founders Fund had withdrawn all of its funding from SVB.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 …
The former BitMEX CEO expects the recession to be the level of the Great Depression of 1930s. In an interview with New York Magazine, Arthur Hayes spilled some beans on his future outlook for the crypto market and global economy. According to him, every central bank will be fixing the price of government bonds within …
The U.S based crypto bank’s share price dwindled from all-time high of $200 to just $8 per share. After selling assets worth billions of dollars, Silvergate Capital is back in the news for all the wrong reasons. In a regulatory filing on March 1, Silvergate released a statement expressing concerns that it could soon become …
Ethereum based decentralized protocol Liquity native token LQTY is trading live on the Binance exchange from 28th Feb 2023. LQTY crypto rallied 132% after listing on the world’s leading crypto exchange i.e Binance. Liquity issued LUSD stablecoin against the ETH deposited by the users on its protocol as collateral. Unlike Tether or BUSD stablecoins LUSD …
Gamium is developing a fully immersive 3D virtual universe for its Avatars inspired by the movie Ready Player One. Upcoming metaverse project Gamium’s native governance token GMM rallied 340% to $0.00025 after the project announced deals with META (Facebook) and Telefonica (TELE). The partnership is a collective effort to push Metaverse Activation Program for web3 …
