Currencies

Binance is shopping to find a banking partner since the two financial institutions it used failed in the recent crisis leaving them unable to handle its customers' cash.

The share of U.S. dollars in foreign-exchange reserves of global central banks has slipped in recent years, but it still accounts for nearly 60% of the total.

Amid a banking crisis and the hawkish Fed strategy to raise interest rates and cool inflation, the U.S. dollar is predicted to weaken further in 2023.

Malaysia and China are open to creating an Asian Monetary Fund to reduce U.S. dollar dependency.

Breitbart economics editor John Carney is sounding the alarm on the growing concern for a global shift from the U.S. dollar and it's economic impact.

Brazil and China have reached an agreement to ditch the U.S. dollar in favor of using their own currencies for transactions, a move that officials say will save both sides costs.

Customers who had crypto deposits at Signature Bank have been issued a deadline to close the accounts and move their money.

As of Monday evening, Binance had experienced net outflows of $2.1 billion on the Ethereum blockchain over seven days, according to crypto data provider Nansen.

Bitcoin enthusiast and former Russian state TV hosts advise the government of El Salvator and have extensive crypto investments in the country.

The crypto winter that battered Bitcoin prices appears to be thawing as the U.S. banking crisis roils investors and calls into question the Federal Reserve's rate hike strategy.

The future of First Republic Bank and Credit Suisse will dominate the headlines in the coming week ahead of the Federal Reserve's decision on interest rates.

Sam Bankman-Fried reportedly had received more than $2 billion from FTX entities, according to court filings made by the new management of the cryptocurrency exchange.

Cryptocurrency got a boost of $70 billion and topped $1 trillion on Monday amid the downfall of Silicon Valley Bank, with Bitcoin alone spiking 10%.

The cryptocurrency firm Circle says that $3.3 billion of its $40 billion USD Coin reserves are held by Silicon Valley Bank, a lender that was shutdown on Friday.

Securities lawyer Tom Grady, known as one of the nation’s leading investment fraud attorneys, is preparing for potential litigation against the nation’s biggest crypto exchanges

The price of bitcoin is down on Thursday after another cryptocurrency exchange, Silvergate Capital, prepares to liquidate following a $1B quarterly loss and dip in digital asset demand.

White House press secretary Karine Jean-Pierre said in her Monday briefing the Biden Administration has its eyes on Silvergate after the California crypto bank delayed its annual report and announced the shuttering of its exchange network last week.

Bitcoin’s price on Friday at one point marked a two-week low for the cryptocurrency, with it later selling at roughly $22,300 in the afternoon.

ATMs are disappearing due to rising crime and an increase in digital transactions. Banks are forced to close ATMs at night in major cities like New York.

Silvergate has delayed its annual report with the Securities and Exchange Commission after reporting a $1 billion loss for fourth quarter and is now concerned about ability to operate.