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Crypto News
The Fed Funds Rate has been increased by more than 5% for the first time since 2007
Bitcoin has outperformed the stock market "in seven of the last 10 Fed days," as eToro's Callie Cox pointed out.
In the past few months, authorities abruptly took over the First…
Director of the International Monetary Fund Warns of Retail CBDC’s Impact on the Financial…
IMF director Kristalina Georgieva is worried about the effects of retail central bank digital currencies (CBDCs) on the economy as a whole.
According to the director, Financial stability…
Authorities seize dark web marketplace as they tighten down on illegal crypto deals
In the SpecTor operation, law enforcement seized $53 million in cash and cryptocurrency and caught 288 vendors offering illicit products.
A news statement issued by Europol on May 2 said…
Dubai Disapproves of 3AC Founders’ New Crypto Exchange
Despite the regulator's reprimand, OPNX CEO Leslie Lamb told Blockworks that the exchange has no Dubai or UAE clients.
Co-founders of the controversial (and bankrupt) cryptocurrency…
OFAC and Poloniex reach a settlement worth $7.6 million
Poloniex permitted consumers from sanctioned nations to trade in excess of $15 million.
OFAC stated that Poloniex will pay $7.6 million for multiple sanctions violations. Poloniex…
Partner of Circle Banking Ordered to Correct ‘Unsafe’ Procedures
Cross River Bank was instructed to enhance internal controls and eliminate risky procedures.
Federal Deposit Insurance Corporation demanded that Cross River Bank, one of the most…
The BRICS global currency may displace the dollar
A former economic advisor to the White House asserts that a forthcoming BRICS-issued currency has the potential to dethrone the U.S. dollar as the dominant currency in international trade.
…
Investor Who Won $1 Billion Betting Against the Pound Is Now Shorting the US Dollar
Stanley Druckenmiller, a prolific American investor, has stated that he is currently bearish on the US currency.
Druckenmiller, also known as "The Druck," reportedly told the Financial…
Cross River accused by the FDIC of engaging in “unsafe” lending practices
Cross River Bank has yet to affirm or refute the allegations that it "engaged in unsafe or unsound banking practises" in 2021 in relation to its lending activity.
The Federal Deposit…
US Banking Crisis Is Not Over said J.P. Morgan Asset Management CIO
According to the chief investment officer at J.P. Morgan Asset Management, the banking industry crisis will continue to claim victims.
In a new interview with Bloomberg Television, Bob…
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