U.S. Congressman Blaine Luetkemeyer (R-MO), a former banker and a member of the House Financial Services Committee, said last week that the government should temporarily insure every bank deposit in the country.His statement followed the collapses of several major banks, including Silicon Valley Ban

As five central banks across the United States and Europe took coordinated action to ease the stress on the global funding market, the price of Bitcoin saw a spike on Sunday evening, which prompted a reflective social media post from CryptoQuant CEO Ki Young Ju.What Happened: Ki contrasted the actio

U.S. Senator Elizabeth Warren has called for a “thorough, independent investigation of the causes” that led to the failure of Silicon Valley Bank (SVB) and Signature Bank. She alleges that Federal Reserve Chairman Jerome Powell “bears direct responsibility” for regulatory and supervisory issues invo

Financial markets were poised for relief on Monday after UBS Group AG agreed to buy Credit Suisse Group AG in a rescue orchestrated by the state, while major central banks announced a co-ordinated move to shore up liquidity in the financial system.In an early sign that risk appetite was set for a bo

Bitcoin rose 5.19% to $28,380 at 20:01 GMT on Sunday, adding $1,400 to its previous close.Bitcoin, the world's biggest and best-known cryptocurrency, is up 72% from the year's low of $16,496 on Jan. 1.Ether, the coin linked to the ethereum blockchain network, rose 3.58% to $1,827.2 on Sunday, adding

The brokerage firm announced the launch of Fidelity Crypto at the end of last year. The firm said through Fidelity Crypto, it will offer bitcoin and ether trading commission-free but will add a 1% fee to each transaction. Fidelity labels the fee as a spread and explains it as “the difference between

Argentina’s annual inflation rate surpassed 100% in February, marking a 30-year high since the nation’s hyperinflationary period in 1991. Meanwhile, Bitcoin has appreciated against the Argentine Peso by 20% over the past year, despite posting a 34% drop against US dollars over the same period.

Robert Kiyosaki, author of the best-selling personal finance book“Rich Dad, Poor Dad,” has issued a warning about the state of inflation in the United States while criticizing authorities for not accurately presenting the situation.According to Kiyosaki, the inflation status is now systemic, and cit

Famous investor and founder of investment firm Scion Asset Management, Michael Burry, has compared the current financial turmoil, following the collapse of multiple banks, to the Panic of 1907. Burry is best known for being the first investor to foresee and profit from the U.S. subprime mortgage cri

Despite the predominantly bearish year for the cryptocurrency industry, 2022 was fruitful for criminals. They stole nearly $2.6 billion from American consumers using investment schemes related to bitcoin and other digital assets. In contrast, such fraud resulted in “just” $907 million in 2021.“Crypt

Value investor Mike Alfred recently shared his insights on Bitcoin mining firms on Twitter, emphasizing their potential as an attractive investment opportunity in today’s market.Alfred states these companies possess significant operating leverage as Bitcoin prices rise. While many conventional inves

Member of the European Parliament, Johan Van Overtveldt, has insisted that governments should prohibit cryptocurrencies like bitcoin. His call comes amid a crisis sparked by the failure of several banking institutions, including two crypto-friendly banks in the U.S.“Another lesson to be learned from

General Bytes experienced a security incident on March 17 and 18 that enabled a hacker to remotely access the master service interface and send funds from hot wallets, according to the company and sources. The breach forced a majority of U.S.-based crypto automated teller machine (ATM) operators to

Galaxy Digital CEO Mike Novogratz has warned of a credit crunch in the U.S. and globally. Emphasizing that “we are heading into a recession,” he expects the Federal Reserve to cut interest rates “sooner than we think.”

Economist Peter Schiff has warned that the current financial crisis will be worse than in 2008. “Future rate hikes are now pointless,” he stressed, adding that any effect will be more than offset by the Fed’s quantitative easing.

Venture capitalist and angel investor Balaji Srinivasan says hyperinflation is happening now. Expecting the price of bitcoin to soon hit $1 million, he is making million-dollar bets that it will happen in 90 days. Srinivasan also advised investors to buy bitcoin, which he believes to be “a hedge aga

The professional Brazilian soccer players – Gustavo Scarpa, Mayke Rocha de Oliveira, and Willian Bigode – have reportedly lost over $5 million due to investing in an alleged fraudulent cryptocurrency firm called Xland.The company said it did not run a pyramid scheme and promised to reimburse the vic

The “Vietnam Crypto Market Report 2022” revealed that 16.6 million Vietnamese own digital currencies, with bitcoin being the most popular asset.Another research conducted by Chainalysis placed the Asian country as the world’s cryptocurrency adoption leader, with a score of 1.000.

A recent study conducted by the analytics company Juniper Research estimated that payments via central bank digital currencies (CBDCs) could reach $213 billion by 2030. The firm believes governments across the globe will use the product to boost financial inclusion and improve the monetary condition

In an annual letter to investors published on March 17, 2023, Larry Fink, the chairman and CEO of BlackRock, the world’s largest asset management company, highlighted the exciting developments happening in the digital assets space. He noted that while Bitcoin has captured much of the media’s attenti