Tag Archives: AA News

BlackRock – the world’s largest asset manager – is collaborating with the U.S. government to sell off eleven figures worth of securities tied up with American banks that failed last month.  The sale $114 billion sale will include $27 billion worth of securities from Signature Bank, and $87 billion from Silicon Valley Bank (SVB).  Securities Dump Incoming? The Federal Deposit Insurance Corporation (FDIC) announced the sale on Wednesday, over three weeks after placing both...

Famous gold bug and bitcoin critic Peter Schiff has once again blasted the leading cryptocurrency for not making it to ChatGPT’s recommended recession-proof assets list. In his latest jab against Bitcoin, the American stockbroker and CEO of asset management company Euro Pacific Capital said the artificial intelligence (AI) chatbot is smart for recommending gold and other investment vehicles over Bitcoin. ChatGPT’s Recession-Proof Assets Schiff made the statement in a tweet on...

Adrienne A. Harris – Superintendent of the New York State Department of Financial Services (NYDFS) – said the premise that the bank’s ties to crypto-related businesses were behind its closure is “ludicrous.”  The financial institution revealed severe operational difficulties last month and was shut down by American regulators to prevent further issues. Crypto Was not the Reason The head of the NYDFS assured in a recent interview that the relevant watchdogs closed Signature...

In the wake of fierce competition from rival Blur for the top spot, NFT giant OpenSea announced a new aggregator platform that boasts zero fees for a promotional period, advanced order types, as well as “deepest liquidity, and fastest speeds.” Dubbed “OpenSea Pro,” the marketplace was previously known as Gem, acquired by OpenSea last April. The move is an attempt to appeal to the pro-traders, a demographic that Blur is known to cater to. OpenSea Pro According to the official...

After Signature Bank collapsed last month, most of its assets and some of its loans were taken over by New York Community Bancorp (NYCB). All crypto-related clients, however, were told that their accounts would be closed in short order. Signet, Signature Bank’s proprietary software that allowed its crypto clients to transact in USD between such platforms at all hours of the day, remained in receivership at the FDIC. No Direct Exposure When Signature originally went under,...

Former United States President Donald Trump had some fierce words for the Biden Administration and its management of the currency shortly after being arrested on Tuesday.  The ex-President predicted that the U.S. dollar will likely lose its status as the world reserve currency as it continues to collapse. Trump’s Arrest and Warning Trump turned himself in to authorities on Tuesday afternoon after being indicted on 34 felony counts of falsifying business records last Thursday....

While crypto companies in the United States are fleeing to more favorable jurisdictions, traditional financial institutions elsewhere are increasingly tapping the digital asset space. In the latest development, Swiss government-owned retail bank PostFinance partnered with Sygnum to offer its customers a range of regulated digital asset banking services. Sygnum is a Zurich-based regulated digital asset bank supervised by the Swiss Financial Market Supervisory Authority...

BTG Pactual – one of Latin America’s largest investment banks – will reportedly launch its own stablecoin, whose value will be tied to the American dollar.  The corporation joined the industry years ago by issuing a security token called ReitBZ and introducing a cryptocurrency exchange in Brazil. The Latest Push According to Reuters, Banco BTG Pactual S.A. (better known as BTG Pactual) will strengthen its presence in the digital asset sector by designing a stablecoin called...

One of the leading crypto mining firms – Marathon Digital – mined a record 2,195 BTC during the year’s first quarter and increased its holdings to 11,466 bitcoin (equivalent to over $321 million at current prices). The positive result at the start of the year contrast with the performance from 2022. The company’s mining capacity was crippled due to a massive storm last summer, while its multi-million exposure to the troubled data center – Compute North – caused additional...

The multichain token bridge Allbridge, which was recently hacked, said that 1,500 BNB (worth around $465,000) was returned to its team. The rest of the funds will be considered a white hat bounty to the exploiter, according to the statement. The cross-chain bridge enables digital asset transfer from one blockchain network to another via liquidity pools. Over the weekend, a malicious entity drained funds after manipulating the prices in Allbridge’s liquidity pools on BNB Chain...