Crypto
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Signature Bank’s ‘reliance on crypto industry’ helped lead to its failure, FDIC says
Signature Bank pursued ‘rapid, unrestrained growth’ in part by courting deposits from the volatile crypto industry, and its association with digital asset firms was a major factor in its failure, the Federal Deposit Insurance Corporation said in a review published Friday. The bank “didn’t understand the risks of its association with the crypto industry or…
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‘Crypto is dead in America.’ How FTX’s collapse instigated a Biden crackdown on the digital-asset sector.
Few assets have performed better in 2023 than crypto, yet the outlook for the industry in the U.S. has arguably never looked worse amid a broad regulatory crackdown led by Securities and Exchange Commission Chairman Gary Gensler. The severity of the situation is illustrated by cryptocurrency exchange Coinbase’s COIN Monday decision to take the SEC…
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Bitcoin might benefit from U.S. debt ceiling concerns, analysts say
The uncertainty around whether the U.S. will raise its debt ceiling before it is hit in coming months has started to rattle some financial markets as it did in 2011, but it might provide a bullish case for bitcoin, according to analysts at crypto investment company NYDIG. The deadline to raise the U.S. debt ceiling,…
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These five synchronized assets are pointing to a ‘black swan event,’ says market veteran
Blame Elon Musk for the sour mood that’s shaping up for Thursday, as Tesla earnings gloom (see more below) appears to be having a pinball effect across several asset classes. Of course, the day is young, with lots more data and earnings to come, including some regional banks after the sector’s turmoil last month. Assets…
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If King Dollar is wobbling, this asset is your best investment, says Citi
Fresh data showed China’s economy knocked it out of the park early this year, as its strict pandemic lockdown ended. That may be giving a lift to U.S. stock futures for Tuesday, possibly bringing the S&P 500 one step closer to those February highs. But investors may not want to get too far ahead of…
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This potential merger has traders in a frenzy ?
Here are our top investing ideas today – these setups look primed! Be the best prepared trader on the Street! PRST – Up over 40% in pre-market as this AI name finally receives attention from traders XPEV – Up 11% in pre-market after unveiling its next-generation integrated technology architecture SEPA 2.0 over the weekend,…
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Is it time to become a financial doomsday prepper? Here’s how to cope with looming calamities.
This article is reprinted by permission from NerdWallet. The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Catastrophes are often called “black swan events.” We hear a lot of…
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‘Gradually, then suddenly.’ Earnings expectations may be about to drop, says Morgan Stanley strategist.
Will optimism hold as earnings season gets fully under way this week and is banking stress done? Our call of the day, from Morgan Stanley’s chief U.S. equity strategist Mike Wilson, warns of a long shadow cast by March stress, despite a mostly upbeat stock market. “In contrast to what we expected, the S&P 500…
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Twitter and eToro partner to let users access real-time crypto, stock data
Elon Musk’s Twitter is working with investing platform eToro in an effort to let users access stock, crypto, and other asset information in real-time, and enable the trading of these, eToro announced on Thursday. The trading information will be accessible through a feature called Cashtags, which launched in 2022 and lets users interact with information…
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Metaverse Fashion Week was a bust this year, but fashion brands are still embracing the metaverse
Decentraland, a virtual gaming platform accessible only through laptops and desktops, held its second annual Metaverse Fashion Week on the last week of March. Notable brands that participated in the virtual experience included big name fashion companies like Tommy Hilfiger (under PVH PVH, -2.81% ), DKNY, Adidas ADS, -0.12%, Dolce & Gabbana, and others. But…