Economic Crisis News

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.

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.

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.

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.

Recent reports indicate that Signature Bank insiders disposed of over $100 million in shares in the three years preceding the Bank's fall.

Recent market analysis by financial news YouTube channel The Modern Investor paints a bright picture of the direction in which bitcoin (BTC) is headed.

The most significant banking debacle has exacerbated investors' anxiety over a potential worldwide economic slowdown since the 2008 financial crisis.

Saudi National Bank's chairman, Ammar Al Khudairy, has resigned from his post following the banking crisis that has hit Credit Suisse Group AG.

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. 

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.

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.

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.

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.

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.

The federal deposit insurance corporation (FDIC) has demanded that the prospective buyer of New York-based Signature Bank relinquish all cryptocurrency operations.

Ark Invest’s Cathie Wood says U.S. financial regulators are using crypto as a scapegoat for their own mistakes in oversight of the country’s traditional banking system.