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Billionaire Warns of Imminent Bank Runs if Government Fails to Guarantee All SVB Deposits – Economics Bitcoin News

Billionaire Bill Ackman has warned of “vast and profound” consequences of the U.S. government letting Silicon Valley Bank (SVB) fail without protecting all depositors. “No company will take even a tiny chance of losing a dollar of deposits as there is no reward for this risk. Absent a systemwide FDIC

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3AC Co-Founder Kyle Davies Fails to Respond to Liquidators’ Subpoena Despite Twitter Delivery – Bitcoin News

According to recent court filings, Kyle Davies, co-founder of the defunct cryptocurrency hedge fund Three Arrows Capital (3AC), has allegedly failed to respond to a subpoena from the firm’s current liquidators, despite it being sent via Twitter. Representatives from advisory company Teneo state that Davies continues to ignore his obligations

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Bitcoin price fails to seal fresh CPI gains as $18K support hangs in balance

Bitcoin (BTC) wobbled at $18,000 at the Jan. 12 Wall Street open despite United States inflation continuing to fall.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin traders stay wary post-CPIData from Cryptox Markets Pro and TradingView showed BTC/USD encountering predictable volatility around the release of Consumer Price Index (CPI) data for December.The

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