First Republic Bank Faces Potential Takeover by FDIC Amidst Financial Struggles

First Republic Bank Faces Potential Takeover by FDIC Amidst Financial StrugglesAccording to multiple reports, First Republic Bank is facing significant financial difficulties and could be taken over by the Federal Deposit Insurance Corporation (FDIC) if private sector banks do not intervene. The FDIC has reportedly approached several large commercial banks regarding purchasing First Republic after the bank’s stocks dropped more than 50% on Friday. FDIC […]

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Blockchain.com Shutters Asset Management Subsidiary Amid Crypto Winter and Industry Turmoil

According to reports and a filing that shows its name struck off the U.K. companies’ register list, Blockchain.com is sunsetting its Blockchain.com Asset Management subsidiary. A company spokesperson cited deteriorating “macroeconomic conditions” and the “crypto winter” as some of the reasons for halting the institutional business. The Impact of Crypto Winter on the Cryptocurrency Industry […]

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71% of high net worth individuals have invested in digital assets: Survey

A new survey suggest most of the world’s wealthiest have invested in digital assets and wealth management firms have been advised to prioritize providing education and advice.

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Circle’s Cryptocurrency OTC Desk Swapped More Than $24 Billion in 2018

Circle's Cryptocurrency OTC Desk Swaps More Than $24 Billion in 2018Finance company Circle claims its over-the-counter (OTC) cryptocurrency trading desk swapped a notional volume of $24 billion last year. The Boston-based company’s Circle Trade desk reportedly executed more than 10,000 cryptocurrency settlements between 600 unique counterparties in 2018. Also Read: New Full Node Client ‘Bitcoin Verde’ Joins the BCH Ecosystem Despite the Crypto Bear Market in […]

The post Circle’s Cryptocurrency OTC Desk Swapped More Than $24 Billion in 2018 appeared first on Bitcoin News.

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