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Banks Bust, Bitcoin Booms: Price Skyrockets 40% During US Banking Crisis
Bitcoin, the enigmatic digital currency, is back in the spotlight as the US banking system grapples with mounting stress. While some predict a stratospheric rise to $1 million per coin, fueled by economic woes, others remain skeptical. дальше »
2024-6-5 08:10
If Over 2,300 Banks In America Are Bankrupt, Will Bitcoin Break Above $40,000?
The United States banking system is in trouble as over 2,300 financial institutions could have more liabilities than assets, recent analysis reveals. Subsequently, analysts say this could boost Bitcoin prices in the weeks and months ahead if the government doesn’t proceed carefully. дальше »
2023-5-8 05:41
SVB Analysis Shows More Than 186 US Banks Might Still Collapse
The banks that collapsed recently faced diverse challenges that affected their operations. For instance, Silvergate faced multiple regulatory actions due to its dealings with the bankrupt FTX exchange, its founder Sam Bankman-Fried and its sister company Alameda Research. дальше »
2023-3-20 15:20
US banks urged to include Bitcoin, crypto in their plans for this crucial reason
In a new report titled “Understanding Crypto: What banks need to know,” the American Bankers Association (ABA) has urged banks across the country to partner with crypto firms. The need for banks to partner with crypto firms, according to the report, is due to the increased profitability of the sector and rising client interest. дальше »
2021-8-3 14:07
Hundreds of Banks in US to Allow Customers to Buy, Sell, Hold Bitcoin Through Existing Bank Accounts
Hundreds of banks in the U. S. will reportedly start offering access to bitcoin to their customers this year, thanks to a partnership between Fidelity National Information Services and the New York Digital Investment Group. дальше »
2021-5-5 16:30
JPMorgan Boss Says ‘Emerging Issues’ Like Cryptocurrencies ‘Need to Be Dealt With Quickly’
JPMorgan’s boss Jamie Dimon has a bone to pick with cryptocurrencies, shadow banking, and the financial technology (fintech) economy. In a letter to JPMorgan shareholders, Dimon explained that banks are “playing an increasingly smaller role in the financial system” and there’s a list of items like digital currencies he’s named that needs to be “dealt […] дальше »