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Balaji Srinivasan Says Hyperinflation Happening Now — Makes Million-Dollar Bets on Bitcoin Price Exceeding $1M in 90 Days

Venture capitalist and angel investor Balaji Srinivasan says hyperinflation is happening now. Expecting the price of bitcoin to soon hit

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FTX Debtors Reveal $6.8 Billion Hole in Balance Sheet Amidst Financial Discrepancies and Payments to Insiders

March 18, 2023 admin $6.8 Billion, accounting discrepancies, Alameda Research, Amazon Web Services, american express, AWS, Bankruptcy, conglomerate, counterparties, Cryptocurrency, debt, debts, Fairview Asset Management, financial discrepancies, ftx, insiders, Jimmy Buffett, liabilities, Margaritaville Beach Resort, Meta, News, Payments, political donations, quantitative trading, Quickbooks, Sam Bankman-Fried, Spotify, Stripe, third-party loans, Trulioo, Turner Network Television, unpaid invoices, Vendors

According to a presentation recently submitted by the FTX debtors on March 16, Sam Bankman-Fried’s companies had a $6.8 billion

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Strategist Warns Credit Suisse Next to Collapse — Says ‘There’s a Run on the Bank’

March 16, 2023 admin credit suisse, Credit Suisse collapse, Credit Suisse fail, Credit Suisse failing, Credit Suisse fall, Credit Suisse falling, Credit Suisse First Boston, Credit Suisse receivership, Economics

Market strategist Greg Foss has predicted that Credit Suisse will be the next major bank to collapse, citing capital trouble

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SD Governor Urges 20 States to Block Legislation That Bans Crypto’s Use as Money — Says ‘Its a Threat to Our Freedom’

March 14, 2023 admin Ban Cryptocurrencies, bill ban crypto, CBDC, CBDC bill, Featured, government digital currency, House Bill 1193, Kristi Noem, Kristi Noem bitcoin, Kristi Noem CBDC, Kristi Noem crypto, Kristi Noem cryptocurrency, ND, South Dakota, UCC guidelines

South Dakota Governor Kristi Noem has vetoed a bill that bans the use of cryptocurrencies, including bitcoin, as money. The

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NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout

March 13, 2023 admin Adrienne Harris, Assets, backstop, Bailout, bank collapse, Banking system, Bankruptcy, BTFP, crypto-friendly bank, deposit insurance, depositors, Exchange Stabilization Fund, failed banks, FDIC, Federal Reserve Bank Term Funding Program, Financial Institutions, Financial regulators, Funds, joint statement, market observers, New York Department of Financial Services, News, plan, Public confidence, Regulation, resolution, secretary of the Treasury, Signature Bank, Silicon Valley Bank, Silvergate Bank, superintendent, Taxpayer, total deposits, treasury department, U.S. Central Bank, U.S. economy, U.S. Federal Reserve

On Sunday, the New York Department of Financial Services, or DFS, announced that it had taken possession of Signature Bank.

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Cryptocurrency Turnover Growing in Russia, Watchdog Reports to Putin

March 12, 2023 admin agency, Authority, Blockchain Analytics, Crypto, Cryptocurrencies, Cryptocurrency, News, platform, President, Putin, Regulation, regulator, report, Rosfinmonitoring, Russia, russian, system, tool, Transparent Blockchain, turnover, watchdog

Use of cryptocurrencies is increasing in Russia, the head of the country’s financial watchdog has informed President Putin. The agency,

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India Brings Crypto Transactions Under Prevention of Money Laundering Act

March 11, 2023 admin crypto PMLA, cryptocurrency PMLA, G20, government of India, India, india crypto, india crypto regulation, india cryptocurrency, India prevention of money laundering act, indian cryptocurrency regulation, PMLA, Regulation

India’s finance ministry has announced that crypto transactions will be covered under the Prevention of Money Laundering Act, 2002 (PMLA).

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US Regulators Close Silicon Valley Bank in One of the Largest Bank Failures Since Washington Mutual

March 10, 2023 admin Assets, Bank Demise, Bank Failure, Bank Run, Banking Industry, Banking US, buyer, California Department of Financial Protection and Innovation, Cryptocurrencies, Customers, deposits, Digital Assets, DINB, FDIC, Federal Deposit Insurance Corporation, financial institution, Insurance Limits, Insured Depositors, Liquidation, nasdaq, News, Receiver, Regulators, resolution, Silicon Valley Bank, Silicon Valley Bank deposits, Silvergate Bank, Stock Value, SVB, uncertainty, Uninsured Deposits, United States, US Banking, withdraw funds

After Silicon Valley Bank (SVB) experienced financial turmoil, the U.S. Federal Deposit Insurance Corporation (FDIC) and the California Department of

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ESG Analyst Daniel Batten Reveals Dynamic Charts Showing Bitcoin’s 52.6% Sustainable Energy Use

March 9, 2023 admin Alex de Vries, Bitcoin, Bitcoin Mining Council, Blockchain, BTC, Cambridge University, Carbon Emissions, carbon footprint, CCAF, climate change, Coal, Cryptocurrency, Daniel Batten, data, Democratic Senators, Digital Currency, Ed Markey, Elizabeth Warren, Energy Consumption, environmental concerns, environmental impact, esg, flare gas mining, global warming, GREEN Energy, Innovation, Jared Huffman, Jeff Merkley, Legislation, methodology, Mining Operations, News, off-grid, Renewable Energy, renewable power, renewable sources, sustainability, sustainable energy, Technology, Willy Woo

Environmental, social, and governance (ESG) analyst Daniel Batten said Tuesday that the computational backbone of the Bitcoin network now uses

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Yuga Labs’ Twelvefold Collection of Ordinal Inscriptions Generates 735 Bitcoin, Worth More Than $16 Million

March 7, 2023 admin art market, art system, Auction, bidding, Bitcoin, Bitcoin Punks, Blockchain, blockchain technology, Bored Ape Yacht Club, Crypto, Cryptocurrency, Demand, Digital Art, Digital Assets, Emblem Vault, Ethereum, Investors, News, nft, NFT collection, Non-fungible Token, Ord Rocks, Ordinal Inscription auction, sales, sales space, Satoshi, satpoint, Schmigge Figge, Solana, Twelvefold auction, Twelvefold collection, Yuga Labs

Yuga Labs, the creators of the blue-chip non-fungible token (NFT) collection Bored Ape Yacht Club (BAYC), announced that the team

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Balaji Srinivasan Says Hyperinflation Happening Now — Makes Million-Dollar Bets on Bitcoin Price Exceeding $1M in 90 Days
Venture capitalist and angel investor Balaji Srinivasan says hyperinflation is happening now. Expecting the price of bitcoin to soon hit $1 million, he is making million-dollar bets that it will happen in 90 days. Srinivasan also advised investors to buy bitcoin, which he believes to be “a hedge against hyperinflation, monetary debasement, bank freezes, and
FTX Debtors Reveal $6.8 Billion Hole in Balance Sheet Amidst Financial Discrepancies and Payments to Insiders
According to a presentation recently submitted by the FTX debtors on March 16, Sam Bankman-Fried’s companies had a $6.8 billion hole in their intercompany balance sheet when they filed for Chapter 11 bankruptcy protection. FTX and its conglomerate of firms have debts of around $11.6 billion, including customer claims and various other liabilities. FTX’s $6.8
LIVE: Watch stocks trade in real time as First Republic’s slide rattles Wall Street — 3/17/2023
The Dow Jones Industrial Average fell Friday as investors remained skittish on First Republic and other banks amid the industry’s crisis. First Republic slid 20% despite gaining nearly 10% in the previous session. The stock got a boost Thursday when a group of banks said it would aid First Republic with $30 billion in deposits
Russian Crypto Industry Queries Government About Proposed Criminal Liability for Miners
The organization representing Russia’s crypto sector has asked the government in Moscow to clarify a proposal to introduce criminal liability for “gray” miners. The draft legislation seeks to punish those who fail to report their income to the state and share information about their digital assets. Crypto Companies in Russia Want to Take Part in
We’re in the middle of the banking crisis, says Odeon’s Dick Bove
Dick Bove of Odeon Capital, Herb Greenberg of Empire Financial Research and Liz Hoffman, Semafor business and finance editor, join CNBC's Brian Sullivan and 'Last Call' to discuss the recent banking crisis and how it could impact the Fed's rate decision next week.