Mar 23 2023
The bank’s sale to USB comes shortly after it reported its largest annual loss since the 2008 financial crisis. Its Hong Kong-based arm, Credit Suisse Securities, invests in listed Chinese entities, some of which are state-owned. Data from the Hong Kong Stock Exchange reveals the bank’s investments in sanctioned entities and companies connected to sanctioned …
Mar 22 2023
Seven-page testimony from Royal Thai Police Lt Col Manapong Wongpiwat was made to a member of the Judicial Commission. It describes how he was allegedly pressed into revoking the arrest warrant he had requested for Senator Upakit Pachariyangkun. The director of the Criminal Court reportedly said he was under pressure from an unnamed person to …
Mar 22 2023
Signature Bank was one of the two main banks providing financial services to crypto platforms. The bank was majorly invested in crypto, with over a quarter of all deposits coming from the industry. The news dealt a blow to many mainstays of the crypto industry, de-pegging Circle’s USDC and causing uncertainty for Coinbase and Paxos, …
Mar 22 2023
Most of the alts have slumped today, while BTC maintains above $27,000. ATOM, LDO, and APT are among the most substantial losers today, dropping by up to 7%. The US banking crisis, in which three banks were closed within days, and the subsequent bailout speculations as well as US Fed $300 billion to certain banking …
Mar 22 2023
Larry Fink, chief executive officer of the world’s largest asset management company BlackRock, believes tokenizing asset classes such as stocks and bonds could foster efficiency in capital markets. The CEO disclosed that fascinating developments are ongoing in the nascent industry beyond the hype and obsession with cryptocurrencies. Despite the of major crypto entities like FTX, …
Mar 21 2023
This week, the market sentiment completely shifted, with bulls taking full control of the price action. ETH rallied by 21%, making it the best performer on our list. While most of the market is rallying, XRP appears to be lagging behind, registering only a 1% increase. This is rather surprising, considering the bullish sentiment across …
Mar 21 2023
Anchorage Digital announced the layoff of 20% of its workers due to the crypto winter and regulatory uncertainty in the US. This is the latest development in a series of events that have affected both the banking and the crypto industry as a whole. 2023 has been marked by the closures of three major banks …
Mar 21 2023
Bitcoin’s recent price spikes underline the demand and confidence in the crypto market. This resulted in a significant surge in many cryptocurrencies. However, the price still faces a critical resistance level of $25K before calling the bear market over. The same structure is occurring now; after a massive downtrend, declining to the $15K level, the …
Mar 20 2023
Binance’s non-fungible token arm – Binance NFT – has announced adding support for the Polygon network on March 8th. The integration will enable users to explore and trade a wider variety of NFTs across multiple blockchains. This includes – BNB Smart Chain (BSC), Ethereum (ETH) network, as well as Polygon from their Binance accounts. “Users …
Mar 20 2023
SOL failed to maintain its price within the descending triangle, and with the support at $20 turned into resistance, it’s currently in search of support. The most likely area where Solana can stop this selloff is found at $15. Support at $17 may provide a relief bounce, but considering this momentum, it is unlikely to …