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“Our investors, who very often have gold in their portfolios, sees diamond as something that is uncorrelated to other assets,” providing them an opportunity for diversification and hedging, he said. Kinney noted that the price of diamond is still playing catch-up with other precious metals, opening doors for investors to
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Elsewhere, Jonathan Zeppettini, strategy Lead at Decred, said: "The situation with Silvergate, Silicon Valley Bank, and Signature is a combination of a few things; banks failing to properly hedge interest rate risk, a classic bank run stemming from that illiquidity as they are forced to realize losses if they do
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Last week, Silvergate Bank, a California firm that catered to crypto companies, said it would “voluntarily liquidate” and shut down. Days later, tech startup-focused firm Silicon Valley Bank (SVB), which had some crypto clients, was closed by the California Department of Financial Protection and Innovation, which said the bank had
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The 2008 financial crisis was a devastating time for many, as the collapse of the United States real estate market caused ripple effects impacting the employment and livelihoods of millions of people.According to TheStreet, one of the chief causes of the crisis was the opaqueness of the mortgage industry. Mortgages
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The volatility caused over $140 million in bitcoin futures and $80 million in ether futures to take on losses. Of this, 58% of futures losses came from shorts, or bets against price rises, while the remaining came from longs, or bets on price rises – meaning both short-sellers and long
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"The decisions made over the weekend were not crypto related," the spokesperson said. "Signature was a traditional commercial bank with a wide range of activities and customers, including small businesses like food vendors at Hunt’s Point, residential mortgage banking, commercial real estate, to name a few. DFS has been facilitating
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"From today we have also added support for GBP through the Faster Payments network, meaning members will be able to make payments directly to U.K. wallets or banks," said Seamus Rocca, CEO of the retail-focused bank, in a statement to CryptoX on Tuesday. Xapo also will activate USDC payments this
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"Bank Frick is reviewing every new onboarding case individually. We apply and have always applied the same strict standards in the crypto area as in the classic banking business. If all necessary local [know your customer/anti-money laundering] standards are fulfilled, it is also possible to onboard jurisdictions outside Europe," Nicolas
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Christine Okike said BlockFi remains safe and looked to access significant cash held with Silicon Valley Bank yesterday. Despite the Silicon Bank exposure, a BlockFi bankruptcy lawyer maintains that the digital asset lender is safe and in no immediate danger. The lawyer, Christine Okike, stated that the embattled New Jersey-based company also
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Coinbase shares are up approximately 67 percent YTD, despite a 62 percent decline last year. Coinbase Global Inc (NASDAQ: COIN) enjoyed a spike in market confidence, and the traditional banking sector proved risky to most investors. According to the latest stock market data from TradingView and MarketWatch, COIN shares closed
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