Banking Deposits Drop as Investors Climb Into Bitcoin
The United States banking system appears to be shaking as the coronavirus pandemic rages on. In mid-March 2020, just as the pandemic was starting to cause widespread panic in the United States, banks saw a significant drop in deposits. Deposits at all U.S. commercial banks fell by $98 billion between March 8 and March 15, […]
Russia plans to station tactical nuclear weapons in Belarus
Russia’s President Vladimir Putin announced on Saturday that his country plans to station tactical nuclear weapons in neighboring Belarus. Putin stated that a special storage facility for these weapons will be built and installed by the beginning of July. He also revealed that Russia has helped Belarus convert 10 aircraft to make them capable of […]
US Government Remains a Top Bitcoin Holder With Seized Stash Valued at $5.6 Billion
In early 2023, the U.S. government held over 200,000 bitcoins, valued at around $5.6 billion, according to recently released data. This sizeable stash of the world’s most widely traded cryptocurrency was the result of three forfeiture cases involving individuals who were suspected of breaking the law. The first confiscation was from the 2020 Silk Road […]
Blockchain really is the answer to the current banking saga
The financial industry has been shaken up once more by UBS’ decision to acquire its rival, Credit Suisse, a move which highlights the urgent need for an upgrade to our financial system. Credit Suisse has not been the most popular among investors in recent years, reporting major losses in the current financial crisis. In 2022, […]
Do Kwon to reportedly appeal against court’s decision to extend detention
Do Kwon, the co-founder of Terraform Labs, is reportedly planning on appealing against the Montenegrin court’s decision to detain him for up to 30 days. Kwon was arrested at Podgorica airport in Montenegro after he was caught using fake travel documents while attempting to fly to Dubai. The decision to extend his detention was made […]
Trader Who Nailed 2022 Bitcoin Bottom Says BTC Disbelief Rally Is Underway – Here Are His Targets
Bitcoin, the king of cryptocurrencies, is currently in the early stages of a new bull market, according to a crypto strategist, who accurately predicted BTC’s floor price last year. Despite breaking out from a multi-month reversal pattern, many traders still believe that Bitcoin is in a downtrend. The pseudonymous analyst known as DonAlt took to […]
MakerDAO Maintains Trust In USDC Despite Depeg Debacle
MakerDAO Commits to USDC Despite Depegging Issue MakerDAO, the governance community of the popular DeFi lending platform Maker, has chosen to continue using USD coin (USDC) as the primary reserve asset for the DAI stablecoin. This decision comes despite USDC experiencing a temporary depeg earlier this month, causing concerns among investors. USDC Depegged Following the […]
BlockFi Gets Green Signal To Sell Mining Rigs by Bankruptcy Court
BlockFi, a globally popular crypto lender, has recently received the green signal from a bankruptcy court in New Jersey to sell off their self-mining rigs worth approximately $4.5 million to U.S. Farms & Mining Opportunity Fund LLC. The rigs may be sold “free and clear of any liens, claims, interests, and encumbrances.” This sale is […]