Tether adds Bahamas-based private bank Britannia as partner: Report
Tether’s reported new partnership with Britannia Bank makes it the third Bahamas-based bank to join forces with the stablecoin issuer. Go to Source
Bloomberg
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US Bank Lending Drops by Record $105 Billion in Two Weeks, Trillions Moving to Money Market Accounts, Elon Musk Warns ‘Trend Will Accelerate’
The banking industry in the United States is still struggling after the collapse of three major banks. According to statistics, bank lending in the U.S. has dropped by close to $105 billion in the last two weeks of March, which is the largest decline on record. Additionally, Elon Musk, a Tesla executive and owner of … Read more
Historical Bitcoin price fractal hints at rally toward $50K
Bitcoin price in 2023 mirrors a 2015 fractal that saw BTC price doubling from $350 to $700 in seven months. Go to Source Powered by WPeMatico
Bitcoin ‘faces headwinds’ as US money supply drops most since 1950s
Research from Bloomberg Intelligence argues that liquidity conditions still do not favor a continuation of the Bitcoin rally. Go to Source Powered by WPeMatico
Bitcoin ‘untouchable’ amid regulatory pressures, says analyst
Bitcoin is “untouchable,” because it’s more decentralized than other cryptocurrencies in the space such as Ether according to senior commodity strategist Mike McGlone. Go to Source Powered by WPeMatico
Hong Kong crypto firms seeing interest from Chinese banks: Report
Several Chinese banks have been seeking to offer services to crypto firms in Hong Kong, despite a ban on crypto on the Chinese mainland. Go to Source Powered by WPeMatico
Treasury Secretary Yellen Holds Unscheduled Meeting With Top Financial Regulators Amid Turmoil in Banking Sector
U.S. Treasury secretary Janet Yellen initiated an unscheduled Financial Stability Oversight Council (FSOC) meeting with the country’s top financial regulators on Friday amid issues plaguing the U.S. banking sector. Banking stocks and all four U.S. benchmark indexes fell again on Friday as the government’s efforts last week failed to quell the country’s financial calamity. Janet … Read more
US midsize banks seek FDIC Insurance on ‘all deposits’ for 2 years: Report
The banking coalition reportedly argued that it would bring stability to the banking industry and reduce the chances of “more bank failures,” in a letter to federal regulators. Go to Source Powered by WPeMatico
Moody’s to build scoring system for stablecoins: Report
Moody’s is allegedly developing a scoring system for stablecoins, with analysis of up to 20 digital assets. Go to Source Powered by WPeMatico
Daring drive-by at SBF’s: 3 men drove into barricade and fled: Lawyers
The lawyer’s didn’t specify the date or time at which the incident took place, and claimed the security personnel were unable to get the license plate details. Go to Source Powered by WPeMatico
