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March 17, 2023The Future of Money Hinges on the Outcome of this Crisis
The unsettling outflows from hundreds of regional banks were triggered by the recent downfall of three prominent banks, namely Silicon Valley Bank, Silvergate Bank, and Signature Bank. The reverberations of these crises, reminiscent of the ones in 2008 and 2013, have prompted the US Federal Reserve to establish a new backstop facility reportedly valued at $2 trillion.
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March 14, 2023Kiyosaki: Cryptocurrencies as a Viable Alternative to Failing Banks
In a recent interview with Fox Business, financial guru Robert Kiyosaki cautioned about the possible repercussions of banks collapsing and supported cryptocurrencies as a plausible substitute. Kiyosaki explained that the current banking system is precarious, attributing it to the impact of the bond market, and advised people to brace themselves for a worst-case scenario.
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March 10, 2023VC Investors Advise Firms to Withdraw Funds from Struggling Silicon Valley Bank Amid Crypto Market Downturn
Crypto-focused venture capital investors are urging firms to remove their assets from Silicon Valley Bank as it fails to reassure customers about its financial state. Both the stock and crypto markets are experiencing a downturn, causing panic among traders.
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March 06, 2023Potential Impact of US Federal Reserve Policy on Bitcoins Recovery
On March 7, Jerome H. Powell, the Chairman of the Federal Reserve, is scheduled to participate in the open session, and the market is eagerly awaiting the Fed's plan for interest rate hikes for the year. Powell's perspective on the crypto market is expected to be particularly important, given his earlier comments about the need for better cryptocurrency regulation in September 2022.
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March 03, 2023Russian firm reveals new fund for financing cryptocurrency mining operations
As per a report by Russian business news publication Kommersant, Finam Management, an investment management firm in Russia, has recently announced the launch of a new fund aimed at providing funding for cryptocurrency mining activities within the country. The fund is exclusively open to eligible investors who are capable of investing at least 300,000 rubles (roughly equivalent to $4,000).
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February 28, 2023Growing Trend of Bitcoin Acceptance for Payments
Bitcoin, a cryptocurrency that has been in existence for 15 years, is exhibiting positive indications of realizing its intended goal as a payment method. This has led to the emergence of new digital financial solutions in the crypto world.
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February 27, 2023Next Bitcoin Halving Just Over One Year Away – Here’s What Could Happen to the BTC Price
The next Bitcoin halving, where the BTC reward delved out to network validators per block mined will be halved, is coming up in just over one year and this could be a key theme in the Bitcoin market in the coming quarters. That’s because past halvings have consistently had a huge price impact.
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December 29, 2022Novogratz's Galaxy Digital Invests $100 Million to Prevent Argo Bitcoin Miner Firm Bankruptcy
Galaxy Digital, Michael Novogratz's crypto-focused financial services firm will buy Argo's Helios Bitcoin (BTC) mining facility and provide an additional $35 million loan to help with restructuring efforts.
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December 21, 2022Crime Investigation: Global Drug Cartel Laundered Millions of Dollars Through Binance
Major crypto exchange Binance was reportedly used by a Mexican-based international drug cartel to launder millions of US dollars – and the exchange helped the authorities identify the suspects.
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December 20, 202210 Predictions for the Future of Crypto in 2023
What does the next year hold for crypto? We’ve rounded up predictions from smart people in the space – from the bullish to the skeptical.