Sunday, March 26, 2023
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US contemplates ‘expanding’ emergency lending facility for banks: Report

United States authorities are reportedly deliberating on extending an emergency credit line for banks, “in ways” which may provide First Republic Bank with a time buffer to address its balance sheet concerns, according to people with knowledge of the situation.In a March 26 Bloomberg report citing unnamed sources, it was

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Robert Kiyosaki Says Fed Rate Hikes Will Crash Stocks, Bonds, Real Estate, and US Dollar – Economics Bitcoin News

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that the Federal Reserve’s continued rate hikes will crash stocks, bonds, real estate, as well as the U.S. dollar. He expects the next crash to be the “$1 quadrillion derivatives market.” Robert Kiyosaki on Interest Rate

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Hacked vanity addresses loot $500k as controversies surround Arbitrum airdrop

According to recent on-chain data, hacked vanity addresses were used in looting $500K worth of tokens. The looting occurred during the layer-2 scaling solution Arbitrum airdrop scheduled on March 23. Someone who generated a list of vanity addresses that were eligible for ARB airdrops was the one who stole the tokens. The

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Credit Suisse, UBS, Other Banks Facing Russia Sanctions Probe in US, Report – Bitcoin News

Switzerland’s troubled Credit Suisse and its rescuer, USB, are subject to an investigation into whether bankers helped Russian oligarchs evade Western sanctions, according to a media report. Some major U.S. banking institutions are also under scrutiny within the probe initiated by the Justice Department, sources say. Credit Suisse, US Banks Investigated

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Alpha mainnet of Ethereum scaling solution ZKSync goes live

ZKSync, an Ethereum layer-2 scaling solution, debuts its alpha mainnet to reduce congestion and improve transaction throughput. The ethereum (ETH) ecosystem witnesses a significant development as the alpha mainnet of ZKSync, a Layer 2 scaling solution, is officially launched. ZKSync aims to alleviate network congestion and bolster transaction throughput on ethereum

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