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Credit Suisse’s Largest Shareholder Rules Out Financial Aid: Shares Hit ATL
The financial market is in the midst of a banking crisis. In the U.S., three banks have collapsed…
Cardano Founder: Crypto Needs To “De-Risk” From Unstable, Volatile Banks
The macro-financial landscape remains to be quite turbulent owing to the collapse of three well-reputed banks. As a…
Crypto Bank Anchorage Digital Lays-off 20% Employees
Cryptocurrency bank Anchorage Digital announced it would let go of 75 employees, representing 20% of the workforce. According…
Did Goldman Sachs’ $21.45B Txn Trigger Silicon Valley Bank’s Collapse?
The recent collapse of Silicon Valley Bank, and other financial institutions like Silvergate and Signature, took the masses…
Circle Eliminates Nearly 4B USDC From Supply After De-pegging
Its 2023 and stablecoins continue to remain a hot topic of discussion. Earlier this year, Binance USD [BUSD]…
California Governor Reportedly Failed to Disclose Silicon Valley Bank Ties While Lobbying for Bailout
Business Insider reported that California Governor, Gavin Newsom, failed to disclose his ties with Silicon Valley Bank while…
Despite the Collapse of SVB and Silvergate, Major Banks are Still Involved in the Crypto Space
The collapse of Silicon Valley Bank (SVB) and Silvergate may have concerned some in the digital asset industry,…
OpenAI Announces GPT-4 Language Model
The research firm behind ChatGPT, OpenAI, has just announced the highly-anticipated GPT-4 language model. Specifically, the firm announced…
Signature Bank Sued by Shareholders for Fraud
The year 2023 has witnessed back-to-back bank collapses recently. From the collapses of Silvergate Bank, Silicon Valley Bank,…
Moody’s Cuts Outlook on US Banking System To Negative From Stable
Following the closure of Silicon Valley Bank, and Signature Bank, Moody’s Investors Service cuts the US Banking system…