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MarÃa Corina Machado discussed Bitcoin’s role in helping Venezuelans combat hyperinflation and economic collapse in an interview. Machado discussed the economic challenges faced by Venezuelans in a recent interview with Alex Gladstein of the Human Rights Foundation, published in Bitcoin…
BTC
Bitcoin
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Bitfinex analysts opined that Bitcoin might retest support around $48,900 as a potential local bottom after crypto markets dropped under $2 trillion. Bitcoin (BTC), crypto’s bellwether asset, could reach lower levels as worldwide economic uncertainty wiped out over $570 billion…
BTC
Bitcoin
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High-profile financial experts, including "Rich Dad Poor Dad" author Robert Kiyosaki and legendary investor Stanley Druckenmiller, have expressed concerns over the burgeoning unfunded liabilities in the United States.
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As regional bank failures rattle the financial markets, Bitcoin's price surges to the $28,500 level, showcasing its resilience and growing appeal as a safe haven for investors.
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Arthur Hayes, the co-founder of cryptocurrency exchange BitMEX, has taken to Twitter to express his concerns about the ongoing banking crisis in the United States.
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Bitcoin is trading around the $28,000 mark, after trading higher. The churn comes after news that the First Republic Bank is close to seizure by U.S. authorities.
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Recent reports indicate that Signature Bank insiders disposed of over $100 million in shares in the three years preceding the Bank's fall.
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Recent market analysis by financial news YouTube channel The Modern Investor paints a bright picture of the direction in which bitcoin (BTC) is headed.
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The most significant banking debacle has exacerbated investors' anxiety over a potential worldwide economic slowdown since the 2008 financial crisis.
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Saudi National Bank's chairman, Ammar Al Khudairy, has resigned from his post following the banking crisis that has hit Credit Suisse Group AG.
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Bitcoin (BTC) witnessed a sudden drop as March started with a series of bank collapses. The downward movement continued for almost two weeks, bringing the price down to the $19,500 mark on March 10.Â
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The collapse of Signature Bank and Silvergate Bank, two of the most crypto-friendly lenders in the U.S., has left many cryptocurrency firms in a state of uncertainty and desperation.
Follow-up
According to research from Coinbase and CES Insights, the U.S. government has taken swift steps to avert a system-wide bank run among mid-tier banks after the failure of Silicon Valley Bank (SVB) and Silvergate.
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Crypto exchange Coinbase reportedly offered a $3 billion credit line to Circle, the crypto company that issues the USD Coin (USDC) stablecoin, in an effort to bring the stablecoin back to its $1 peg.
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UBS Group has successfully acquired the struggling Swiss bank Credit Suisse for a reported $3.2 billion, after Justin Sun attempted to buy the bank.
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SVB Financial Group said on March 17 that it had filed for a court-supervised restructuring under chapter 11 bankruptcy protection to seek purchasers for its assets.
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