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A nonfungible token (NFT) from the CryptoPunks collection worth 77 Ether (ETH) was sent to a burn address to be permanently destroyed. However, the collector’s intent was just to borrow some money against it to buy another NFT.NFT collector Brandon Riley added CryptoPunk #685 to his collection on March 13
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One thing that has distinguished traditional banking from crypto, in the eyes of many financial experts, is stability. There's a strong belief that most people who put money into an account at a prominent bank will generally leave it there, indefinitely – whether due to comfort, satisfaction, relationships, laziness, lots
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Even if poor results can happen with a sound thesis (maybe an unexpected event changes conditions), what matters is the extent to which those individuals or institutions can sway markets by their mere presence. Like a large ocean vessel, large capital flows often take other things with it, even if
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Governor Ron DeSantis of the U.S. state of Florida has proposed legislation to prohibit the use of central bank digital currency (CBDC) as money in his state. “The Biden administration’s efforts to inject a centralized bank digital currency is about surveillance and control,” the governor warned. Governor Ron DeSantis Proposes
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Speculation and debate continue to rage surrounding the current global banking debacle. Hedge fund manager Michael Burry — known for predicting 2008’s economic crisis — is drawing comparisons to the Panic of 1907, while Rich Dad Poor Dad author Robert Kiyosaki warned this week of more ‘fake money’ being injected
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The recent collapse of three high-profile banks - Silicon Valley Bank, Silvergate Bank and Signature Bank - has caused worrying outflows at hundreds of regional banks. Now, with the U.S. Federal Reserve creating a new backstop facility reportedly worth $2 trillion and Switzerland’s central bank bailing out Credit Suisse to
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Nevertheless, there are still ways to move tens of thousands in cash across the Russian border without declaring them at customs control. For instance, you could buy the tether (USDT) stablecoin for cash in Moscow and then selling it for cash in London. No registration, no identity verification, no licenses,
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The cryptocurrency-friendly Signature Bank was reportedly being investigated by two United States government bodies prior to its collapse. According to a March 15 Bloomberg report citing people familiar with the matter, investigators with the Justice Department were examining whether Signature took adequate measures to detect potential money laundering by its
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The U.S. government is in the business of bailing out banks. Source
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