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Economist Nouriel Roubini has shared his opinion about bank problems in the United States in a recently published opinion editorial. In the article, Roubini insists that “most U.S. banks are technically near insolvency, and hundreds are already fully insolvent.” Roubini: ‘Liquidity Support Cannot Prevent This Systemic Doom Loop’ The renowned economist Nouriel
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Mask Network’s MASK token surged over 68%, becoming the top-performing token for the month. XRP rose 41%. Source
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The US government is tightening its banking and AI regulations as cryptocurrencies profit from the recent US banking crisis. In a March 30 press briefing, White House press secretary Karine Jean-Pierre announced that the president had directed banking agencies to consider a series of reforms to reduce the risk of future
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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. In a recent video, The Modern Investor host cites that billionaire Mike Novogratz predicts that the ongoing banking crisis will cause a significant increase in bitcoin and
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After the recent collapse of three crypto-friendly banks, many firms are left hunting for new banking partnerships. Brett Philbin, Rachel Millard and Rosie Gillam of Edelman Smithfield offer advice. Source
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On Tuesday, the U.S. Senate Committee on Banking, Housing, and Urban Affairs, also known as the Senate Banking Committee, held a hearing to discuss the recent bank collapses in the United States and the regulatory response. Throughout the testimonies, digital assets and crypto businesses were mentioned. Senate Banking Committee chairman
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The collapses of banks like Silvergate have certainly impacted cryptocurrency exchanges but there are ways for the industry to survive without the support of banks, one executive believes.Crypto exchanges significantly rely on traditional banking systems for customer deposits, which makes them vulnerable to various banking issues, according to Bitstamp USA
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The agency emphasized the fact that the private sector has a huge role to play in its vision for Europe’s digital ecosystem. The European Banking Federation (EBF) has published a paper where it shared its views of the digital euro as well as that of the European digital money ecosystem at
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The president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, says the current banking crisis has pushed the U.S. economy closer to a recession. “We have fundamental issues, regulatory issues facing our banking system,” the Fed official stressed. Neel Kashkari on U.S. Economy, Banking Crisis, Recession Federal Reserve Bank of Minneapolis
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The European Banking Federation (EBF) has released a paper detailing its vision for the digital money ecosystem of the future, and the retail digital euro in particular. The carefully worded paper expressed values and concerns about the digital euro from the perspective of commercial banks. The paper, released on March 28,
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