SVB seized by FDIC, Signature bank falls in heavy trade as bitcoin breaks down
The recent collapse of Silicon Valley Bank (SVB) and Signature Bank has had a noticeable impact on global markets. While these banks may be niche and small in size, their failure and subsequent fallout could have wide-reaching consequences for the fintech industry and beyond. SVB’s Collapse On March 10th, after a failed attempt to raise […]
BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, SHIB
The cryptocurrency markets have sold off sharply on March 9, with Bitcoin (BTC) leading the decline, as investor sentiment was hit by reports of woes at Silvergate Bank and Silicon Valley Bank, as well as a lawsuit filed by New York attorney general Letitia James against cryptocurrency exchange KuCoin. This news has increased uncertainty about […]
Lira to rally sharply and significantly on regime change in Türkiye – Wells Fargo
Rewrite and expand this content to 800 words Share: Turkish general elections are set to take place in Q2-2023. Economists at Wells Fargo analyze how the outcome of the presidential election could impact the Lira (TRY). TRY can hold steady if President Erdogan retains office “Should President Erdogan retain office, the Turkish Lira […]
Could Dogecoin (DOGE) make you a millionaire?
Dogecoin (DOGE), a meme cryptocurrency, has gained immense popularity in recent years, with its value skyrocketing several times and making many investors rich. However, like all cryptocurrencies, it has also been hit by the ongoing bearish market, which has affected its market capitalization, dropping below $1 trillion. Despite this, there are several reasons to believe […]
Janet Yellen: Treasury Department is monitoring ‘a few banks’ including SVB
The U.S. Treasury Secretary, Janet Yellen, has expressed concern over the troubles being faced by Silicon Valley Bank as it struggles to deal with significant losses. Speaking before the House Ways and Means Committee, Yellen acknowledged that the bank is currently going through a challenging phase, which could potentially have wider implications for the financial […]
SPAC Sunfire Acquisition has decided not to pursue a planned IPO
Sunfire Acquisition Corp. has recently decided not to move forward with its initial public offering (IPO), according to a regulatory filing made public on Friday. It is a special purpose acquisition vehicle (SPAC) that filed its registration document with the Securities and Exchange Commission (SEC) in May of 2022. Its founder, Alan H. Ginsburg, is […]
Aave (AAVE) DAO community voted to delist Paxos-issued Binance USD (BUSD) from Aave V2 Ethereum market
The Aave DAO community has voted to delist Paxos-issued Binance USD (BUSD) from Aave V2 Ethereum market. The decision was preceded by a proposal submitted by Mark Zeller, founder of the Aave Chain Initiative, in early March, seeking to discourage the use of BUSD. Mark Zeller’s concerns revolve around the regulatory risk associated with BUSD’s […]
Loonie to weaken on strong US NFP combined with weak Canadian Employment report – Commerzbank
As the February labor market data is set to be published, the CAD market is waiting with bated breath to see how it will impact the Loonie. Economists at Commerzbank have analyzed the potential outcomes of the reports and what they could mean for the CAD market. The Canadian labor market report is due to […]
Facebook Parent Company Meta Exploring Decentralized App: Report
Meta, the parent company of Facebook, is reportedly working on a new decentralized text-based app. According to a report by Tech Crunch, the platform will be developed as a standalone product that allows users to share text updates. The app is still under development and is currently referred to as P92 as its codename. Meta […]
FX option expiries for Mar 10 NY cut
The foreign exchange market, also known as forex or FX, is the largest and most liquid market in the world. It enables the global trade of currencies, which impacts businesses and individuals around the world. This market operates 24 hours a day, five days a week, and is influenced by a variety of economic, political, […]