On Friday, Asian stock markets recovered by 1.7%, bouncing back from a 2.7% drop earlier in the week that had sent markets to their lowest levels in over three months. // STAY UP TO DATE — FOLLOW BLOCKCHAIN DAILY ON TWITTER: @BLCKCHAINDAILY This recovery was largely driven by moves from…

The year 2019 witnessed a repo crisis, where overnight repo rates surged, threatening to unravel the financial system. Former Blackrock executive Ed Dowd believes the COVID pandemic provided central banks and politicians with the opportunity to inject an unprecedented amount of money into the economy, temporarily saving the system. …

On Thursday, banking stocks in Asia dropped, causing the overall markets to decline. This was due to Credit Suisse having problems, which made people worry that there might be problems with banks around the world. However, the bank was able to lessen the impact by getting financial support from the…

Bitcoin has been on a rollercoaster ride in recent weeks, with the cryptocurrency experiencing significant price swings. However, this week, Bitcoin has surged to multi-month highs, outperforming its major altcoin peers, amid a growing narrative amongst crypto and traditional asset class investors that Bitcoin might actually be a viable safe…

Weeks before the Silicon Valley Bank collapse, several executives sold off large shares of stock, while Mainstream Media tells their viewers to invest in them. On March 9th, the day before the collapse, Israel’s two largest banks pulled out one billion out of SVB, while Peter Thiel’s Founder Fund withdrew…

Web3 cybersecurity experts Numen Cyber have announced the DeFi platform Poolz Finance suffered an attack resulting in the loss of approximately $665,000. // STAY UP TO DATE — FOLLOW BLOCKCHAIN DAILY ON TWITTER: @BLCKCHAINDAILY The hacker has exchanged some of the tokens for $BNB but has not withdrawn any funds…

The world of cryptocurrency is constantly evolving, and the latest trend in the market is the rise of decentralized exchanges (DEX). // STAY UP TO DATE — FOLLOW BLOCKCHAIN DAILY ON TWITTER: @BLCKCHAINDAILY In fact, DEX trading volumes have recently surged by a staggering 250%, signaling a massive shift in…

The recent resurgence of Bitcoin saw a new nine-month high in the mid-$26,000s on Tuesday and has been accompanied by several key technical indicators returning to positive territory, once again sending a bullish signal for BTC. Although the Bitcoin price has dropped back below the $25,000 mark during the Wednesday…

According to sources familiar with the matter, US prosecutors had launched an investigation into Signature Bank’s relationship with its cryptocurrency clients prior to the bank’s sudden seizure by regulators over the weekend. The Justice Department investigators in Washington and Manhattan were reportedly examining whether the New York-based bank had taken appropriate measures to identify potential money laundering activities by its clients. This included scrutinizing individuals opening accounts and monitoring transactions for any signs of criminal behavior.