Crypto news

Credit Suisse shares plummeted to another all-time low of just 1.65 CHF ($1.79) on Wednesday after its largest shareholder – Saudi National Bank (SNB) – said it would not be able to purchase more shares of the company. The 30% drop has been coupled with widespread fear that Credit Suisse could be on the brink of default. Another Bank Run? Saudi National Bank is barred from investing more into the struggling bank due to regulatory constraints, SNB chairman Ammar Al Khudairy...

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Digital Surge – a crypto exchange in Australia – is getting a big pat on the back today after avoiding liquidation and enforcing a last-minute plan to keep itself open. Stakeholders of the company signed a recovery plan in mid-February which allowed the company to remain online. The exchange endured a short period of non-trading, though services resumed just a week after the deal went through. Digital Surge Is Its Own Superman Things were coming up on the final seconds...

Although Bitcoin has experienced a significant surge in the last few days, Ripple’s price action has been more stagnant, with no specific direction and limited volatility. However, the cryptocurrency is currently in a tight range and will likely exit soon, possibly leading to an impulsive move. Technical Analysis By Shayan The Daily Chart The cryptocurrency market experienced a bullish trend this week, with many assets, including Bitcoin and Ethereum, seeing a surge in price....

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Coinbase is ramping up its expansion effort, with Singapore being the first stop. As part of its ambitious plan, the crypto exchange has announced forging a strategic banking partnership with Standard Chartered in the city-state to provide its users with an option to move funds between any lender and Coinbase. The news comes amidst the crypto industry losing a number of banking on- and off-ramps due to the recent turmoil in the US banking industry. Coinbase-Singapore...

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Elizabeth Warren – the “democrap” senator of Massachusetts – is, once again, sounding the alarm on the digital currency arena. She is allegedly concerned about the fall of FTX and the mishandling of funds by Sam Bankman-Fried, and believes that the space exhibits vulnerability like it never has before. Elizabeth Warren Is Again Going After Crypto Because of this, she is working to allegedly create a new bipartisan committee that will look at the problems surrounding the...

Jeffrey Gundlach – an American businessman and Founder of DoubleLine Capital – thinks the US Federal Reserve will raise interest rates by 25 basis points next week.  According to him, this will be the last hike, believing the central bank will switch to other inflation-fighting efforts. The End of the Fed’s Hike Policy? In a recent interview for CNBC, Gundlach (better known as the “Bond King”) predicted that the Federal Reserve will impose a small rate hike on March 22 amid...