A U.S. congressman has urged the federal government to temporarily insure every bank deposit in the country. Following the collapses of several major banks, he stressed that if the government does not do this, there will be a run on smaller banks. “This is a contagion that could be spread across the entire banking system,” […]
Rivian Stock : RIVN Stock Price At 52 Week Low, Rebound Possible?
The post Rivian Stock : RIVN Stock Price At 52 Week Low, Rebound Possible? appeared on BitcoinEthereumNews.com. No Result View All Result © Copyright 2022. The Coin Republic Are you sure want to unlock this post? Unlock left : 0 Yes No Are you sure want to…
Ethereum Classic’s TVL recovers and here’s the key driving factor
The post Ethereum Classic’s TVL recovers and here’s the key driving factor appeared on BitcoinEthereumNews.com. Ethereum Classic sees a surge in TVL fueled by increased activity from one of its DEXes. ETC bulls make a comeback but market conditions will dictate its next move. Ethereum…
Flagstar Bank to take over most of Signature Bank’s deposits, FDIC says
The post Flagstar Bank to take over most of Signature Bank’s deposits, FDIC says appeared on BitcoinEthereumNews.com. Flagstar Bank, a subsidiary of New York Community Bankcorp Inc., on Sunday agreed to assume most of Signature Bank’s deposits and some of its loans. New York-based Signature Bank was…
Binance Swapped BUSD In $1 Billion SAFU Fund For TUSD And USDT Stablecoins
The post Binance Swapped BUSD In $1 Billion SAFU Fund For TUSD And USDT Stablecoins appeared on BitcoinEthereumNews.com. – Advertisement – Summary: Binance moved BUSD assets from its Secure Asset Fund for Users fund into two other stablecoins – TUSD and Tether USDT. The crypto exchange made the…
Binance Swapped BUSD In $1 Billion SAFU Fund For TUSD And USDT Stablecoins
Summary: Binance moved BUSD assets from its Secure Asset Fund for Users fund into two other stablecoins – TUSD and Tether USDT. The crypto exchange made the swap with crypto trust company Paxos can no longer mint new BUSD tokens due to regulatory enforcement action from federal and state regulators. SAFU’s insurance fund launched in […]
UBS to buy Credit Suisse for $3.2 billion
The post UBS to buy Credit Suisse for $3.2 billion appeared on BitcoinEthereumNews.com. UBS Group AG (NYSE: UBS) has agreed to acquire its struggling rival Credit Suisse Group AG (NYSE: CS) for $3.2 billion – a “commercial solution” aimed at helping the latter…
DefiLlama Forks Into New Platform As Core Team Disputes Over Token Launch
The post DefiLlama Forks Into New Platform As Core Team Disputes Over Token Launch appeared on BitcoinEthereumNews.com. DefiLlama is facing internal dispute as team members are facing what could be an impending token release. It’s a move that is apparently the behest of a lone co-founder, and…
The One Big Winner and Many Losers of UBS’s Credit Suisse Rescue
The post The One Big Winner and Many Losers of UBS’s Credit Suisse Rescue appeared on BitcoinEthereumNews.com. (Bloomberg) — UBS Group AG is emerging as a rare winner in Credit Suisse Group AG’s crisis after a historic, government-brokered deal that contains a raft of financial shock absorbers.…
Holders of $17bn of Credit Suisse bonds wiped out under UBS takeover
The post Holders of $17bn of Credit Suisse bonds wiped out under UBS takeover appeared on BitcoinEthereumNews.com. Holders of $17bn of Credit Suisse bonds will have their investment wiped out following the bank’s takeover by UBS, in a surprise move that is expected to cause ructions in…