First Citizens to Acquire Silicon Valley Bank after Striking Deal with FDIC
By
Tolu Ajiboye
First Citizens has acquired failed bank Silicon Valley and will open former SVB branches today as First Citizens Bank and Trust Company.
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Crypto Market Bounces Back despite Fed Rate Hike and SEC Warnings
Thursday’s price pump in crypto comes following a rally in US equities as markets choose to look beyond the Fed rate hikes.
Bitcoin (BTC) Could Touch New All-Time High of $100,000 This Year
Some crypto industry insiders believe that BTC price can surge to its previous all-time high of $69,000 and even beyond to $100,000.
Swiss National Bank Raises Interest Rate by 50 Basis Points amid Banking Crisis
According to the Swiss National Bank, additional interest rate hikes should not be ruled out in the mid to long term.
SEC Issues Enforcement Action Notice to Coinbase over Potential Violations of Securities Law
By
Tolu Ajiboye
Amid its ongoing crackdown on crypto entities, the SEC issued an enforcement action Wells notice to Coinbase.
SEC Sues Justin Sun and Eight Celebrities on Securities over Crypto Violations
Gary Gensler noted that the case indicates the high risks investors face when there is no proper disclosure before the offering of crypto asset securities.
Fed Announces Another 25 Basis Point Rate Hike, What Does It Mean for Bitcoin and Crypto?
Fed’s fight over inflation continues and they have shown determination to bring it under the 2% target. Bitcoin has entered a mild correction along with US equities.
US Federal Reserve Increased Interest Rate by 0.25% despite Banking Crisis
Irrespective of its current leanings, the Federal Reserve will implement additional rate hikes to correct the strain that is still being felt in the economy by the average consumer.
Bitcoin and Ether Hold Up with Recent Gains while Awaiting Fed Rate Hike Decision
The technical chart for Bitcoin shows a bullish signal hinting that the BTC price can extend further rally all the way to $35,000.
US Officials Reportedly Studying Ways to Guarantee Bank Deposits of $17 Trillion amid Crisis
By
Tolu Ajiboye
The FDIC and Fed are looking for ways the US government can guarantee all bank deposits amounting to $17 trillion should the financial turmoil worsen.
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