Is BRRRR back again?
The Federal Reserve’s balance sheet saw a surge of almost $94.5 billion as of March 22, marking a $297 billion increase from the previous week when the banking crisis began. The total liabilities of the central bank increased by $393 billion in the past two weeks, bringing it to $8.734 trillion, close to the all-time […]
“How did this happen?” Fed Jerome Powell said
Following the sudden collapse of Silicon Valley Bank, Federal Reserve Chair Jerome Powell expressed his confusion, saying, “How did this happen?” during a press conference held after the Federal Open Market Committee meeting on March 22. Powell announced an internal investigation led by Vice Chairman Michael Barr to look into how the Fed supervised and […]
Ripple CTO takes to Twitter to comment on some aspects of the recent SVB case
David Schwartz, the CTO and co-founder of XRPL at Ripple Labs, took to Twitter to comment on the recent SVB case and advised users to withdraw their funds from the insolvent bank. Although Ripple had exposure to Silicon Valley Bank, as confirmed by CEO Brad Garlinghouse, it was a small amount that would not impact […]
Rate hikes, will the Fed have a break?
The crypto markets are continuing to rise amid the ongoing banking crisis in the United States and abroad. Bitcoin and other altcoins have reached levels that have not been seen in nine months, following a week of chaos for macro markets. As old resistance levels are being broken, bulls are trying to establish newly-reclaimed support, […]
SEC Underestimated ‘Fight’ Inside XRP Holders
During a CryptoLaw TV live stream, J.W. Verret, a former SEC Investor Advisory Committee member and current associate law professor at George Mason University, shared his thoughts on the Ripple lawsuit. According to a tweet by XRP supporter @sentosumosaba, Verret stated that “The SEC underestimated the ‘fight’ inside of Ripple CEO Brad Garlinghouse.” During a […]
Bankruptcy Judge denies pause for Voyager-Binance.US.
The government’s request to pause the $1 billion deal has been denied by a New York court, citing potential harm to customers if the deal were delayed. In a court filing on Wednesday, a bankruptcy judge ruled that Binance.US’s $1 billion bid to acquire Voyager’s assets should proceed, denying the U.S. government’s request to pause […]