NatWest sets £1,000 daily limit for customer crypto activities
In a bid to protect its customers from losing significant sums of money, U.K. bank NatWest has implemented new cryptocurrency restrictions. The bank has stated that it will impose a daily limit of £1000 and a 30-day payment limit of £5000 to cryptocurrency exchanges. This move by NatWest comes as a response to the increasing […]
Instagram is on the verge of sunsetting NFT features
Instagram is on the Verge of Sunsetting NFT Features Instagram has recently announced that it will no longer support NFTs (digital collectibles) operations. This news was shared on Twitter by Stephane Kasriel, the FinTech and Commerce lead of the social media giant. Stephane announced in the tweet that they are currently working to increase the […]
Natural Gas Futures: Extra gains now look favoured
Rewrite and expand this content to 800 words Considering advanced prints from CME Group for natural gas futures markets, open interest rose for the second session in a row on Monday, now by aroun
Illumina: It’s not in the ‘best interests’ of shareholders to support Carl Icahn’s nominees to the board
Illumina Inc. has recently been facing some scrutiny following its $7.1 billion acquisition of Grail. On Monday, the company announced that it had received notice from Icahn Partners, stating that the organization is planning to nominate three candidates to the board. The reason for this move is due to Icahn’s concern over the acquisition and […]
FX option expiries for Mar 14 NY cut
FX Option Expiries for March 14 NY Cut at 10:00 Eastern Time As the dynamics of the financial markets varies every day, keeping track of important data points such as FX option expiries becomes crucial. The FX market has an enormous daily trading volume, and option contracts play a significant role in shaping the market’s […]
Is Bitcoin’s safe haven narrative back as US banks start to go belly-up?
Bitcoin’s Safe Haven Narrative Re-Emerges Amid US Bank Failures and Rising Gold Prices In the wake of the failure of Silicon Valley Bank and Signature Bank, depositors have been urged to put their money into gold. Although the rise of Bitcoin has been a challenge for the precious metal to maintain its status as a […]
Western Alliance taking extra steps to ensure liquidity
In response to the recent failure of SVB Financial’s SIVB Silicon Valley Bank, Western Alliance Bancorp, a leading banking corporation, has taken extra measures to ensure the stability of its liquidity. The company’s Chief Executive, Kenneth Vecchione, has announced that Western Alliance has increased its borrowing capacity and strengthened its liquidity position to meet all […]
US Fed faces internal probe over Silicon Valley Bank failure
The Federal Reserve is currently facing an internal probe over its supervision and regulation of the now-collapsed Silicon Valley Bank (SVB). This investigation is aimed at identifying the factors that led to the failure of the bank and determining how the Federal Reserve supervised and regulated SVB prior to its collapse. According to an announcement […]
Dow aims for first gain in 5 sessions heading into final hour of trading
On Monday, all three major U.S. stock indexes finished higher as investors assessed the probability of the Federal Reserve choosing to pause rate hikes next week. The Dow rose by 0.3%, inching closer to its first gain in the past five trading sessions. The Nasdaq Composite increased by 1.2%, and the S&P 500 rose by […]