High Inflation Triggers Protests in Lebanon, Pushing Citizens towards Alternative Livelihoods and Cryptocurrency Adoption
High inflation has led to protests in Lebanon and is forcing citizens to seek alternative livelihood tools. The state of the economy and the failure of state support programs are to blame. In a number of cities, the effects of the financial crisis have led to riots and lo ...
Analyst Predicts Bitcoin Could Rise as US Banks React to Fed Chairman’s Speech
An analyst and cryptotrader, founder of the consulting crypto-platform EightGlobal analyzed the relationship between the banking sector and the crypto market, listing possible scenarios for the first cryptocurrency. U.S. bank stocks reacted by falling on the speech of U.S ...
Circle CEO Blames Politicians for Financial Crisis, Calls for Crypto Regulation
Circle CEO Jeremy Allaire blames politicians for the financial crisis But believes the U.S. still has a chance to maintain its lead Circle CEO Jeremy Allaire gave a new interview to Bloomberg reporters. He stated that investors are more actively seeking to "elimi ...
First Republic Bank Faces Seizure as Customer Capital Outflows Exceed $100 Billion
In March, customer capital outflows from the organization exceeded $100 billion With the bank "up to its neck" in debt First Republic Bank's stock has fallen more than 50% Bankers expect it to be seized as soon as First Republic Bank could ...
Circle CEO Dante Disparte Predicts Breakthrough in Cryptocurrency Legislation
Circle CEO Dante Disparte believes so He said the market needs a Dodd-Frank Act analogue Circle Chief Compliance and CSO Dante Disparte has high hopes for this year. He is confident that we are in for a "breakthrough time" in legislation. And countries will be ...
Katherine Wood Believes Bitcoin and Ethereum Are Reliable Investments in Financial Crisis
According to Katherine Wood, the founder of Ark Investment Management, Bitcoin and Ethereum are poised to be reliable investments during the current financial crisis. In fact, Wood asserts that Bitcoin's resilience during the latest US banking crisis was one of the most striking metrics that her ...
Bloomberg Strategist Warns Against Investing in DOGE and SHIB Cryptocurrencies
Bloomberg Intelligence Senior Strategist Mike McGlone has raised concerns about the risks associated with investing in meme cryptocurrencies DOGE and SHIB. He believes that during the upcoming economic storm, Bitcoin will continue to overshadow other digital assets. However, for DOGE and SHIB, ...
Cardano Founder Criticizes Credit Suisse for Refusing Cryptocurrency Account
Cardano's founder, Charles Hoskinson, has publicly criticized the Swiss bank Credit Suisse for its current financial crisis and recalled his own experience with the bank's refusal to open an account due to the volatility of cryptocurrencies. Hoskinson, who was a leader of Ethereum in 2014, explai ...