When Silicon Valley Bank slid into a death spiral last week, Peter Thiel, the (in)famous libertarian, shot into the spotlight. The reason? Last week, his Founders Fund reportedly pulled its business accounts from SVB. That led to angry accusations that Thiel and other venture capitalists had sparked a bank run. This will provoke plenty of
JPMorgan Chase has been sounding out US banks about assembling an industry-backed solution to shore up First Republic Bank, as Wall Street lenders try to contain the fallout from the collapse of two major financial institutions in the past week. Shares of First Republic have plunged and its debt rating has been downgraded in the
The roots of Los Angeles’ Brentwood neighborhood go deep. The land was part of a former rancho dotted with adobes and cattle until it was divided into individual parcels in the 1880s. The upscale but low-key neighborhood that evolved over decades quickly became known as a place to be in—and away from—the city. The $26-million
In this week’s episode of Market Talks, Cointelegraph welcomes Justin Kramer, CEO of Badgerland Home Crypto Mining and a long-time cryptocurrency investor. When he is not attending to his own mining rigs, Kramer provides consultation services to home-based operations and larger startups on how to set up mining farms. We start things off with miner prices and
Bitcoin (BTC) accounts for more of the total value of all cryptocurrencies than at any time since June 2022. In the latest knock-on effect from this week’s surge above $26,000, data from TradingView shows that Bitcoin market cap dominance is nearing 46% — its highest in nine months. New dominance “spike” hints at trend change to
Dogecoin and shiba inu fell by as much as 5% in today’s session, as markets reacted to the European Central Bank (ECB) rate hike. The bank moved to increase rates by 50 basis points, despite the recent banking crisis. As a result of this many now expect that the Federal Reserve will continue to increase
The Oklahoma Turnpike Authority faces further scrutiny after the state attorney general ordered an investigative audit of the agency as it waits for a court ruling on the validity of bonds to start funding a $5 billion extension project. The audit is needed to determine whether OTA is in compliance with the law, state Attorney
In this live session, I want to share with you some updates on a Tesla trade that we did earlier when it comes to options. Also, we’re going to take a look at NVDA, and I’ll show you NVDA earnings trade example. #nvdatrade #nvdaearnings #profitabletrade #tradingoptions #nvdaprofit #optionsbutterfly Posted at: https://tradersfly.com/blog/1928-dollars-profit-from-nvda-earnings-option-trade-butterfly/ ? Newsletter & Announcements
The writer is founder of Sifted, an FT-backed site about European start-upsTechnology, they say, is about turning the magical into the mundane. A decade ago, digital assistants such as Siri, Alexa and Cortana seemed like astonishing inventions. Nowadays, Microsoft’s chief executive, Satya Nadella, dismisses them as “dumb as a rock”. How quickly will today’s much-hyped
The European Central Bank has raised interest rates by half a percentage point, sticking to its goal of fighting inflation despite financial turmoil caused by US bank failures and worries about Credit Suisse. The ECB’s decision to lift its benchmark deposit rate from 2.5 per cent to 3 per cent was in line with what
With so many struggling to maintain emotional well-being during this crypto winter, self-improvement and mental health experts can help navigate the ups, downs and soul-shattering experiences that a long-term bear market can bring. Mental health professional Elizabeth Sterbenz and wellness thought leader Srikumar Rao discuss with Magazine how to cope with the depreciation of crypto
A bank health check is a comprehensive assessment of a bank’s financial condition, performance and risk management practices. It is conducted by banking regulators or independent auditors to evaluate the bank’s ability to withstand adverse economic conditions and potential risks, including credit risk, market risk, liquidity risk and funding risk. The bank’s financial statements, including
Could the municipal bond market see refunding volume rise later this year if the Federal Reserve Board pauses or lowers interest rates in the aftermath of the market-stirring collapse at Silicon Valley and Signature banks? Most likely not, according to municipal market experts. “While the SVB collapse added significant volatility into the financial markets, I
Digital financial assets (DFAs) for a total exceeding $26 million have been issued in Russia in the past year. This new market has been developing since it was regulated in 2021 and the country’s monetary authority started licensing issuers in the following year. Volume of Digital Assets Increases in Russia as Investors Seek Alternatives to
In Cointelegraph Markets Pro’s latest VORTECS™ Report, the institutional-grade crypto alerts platform displayed how its members could have captured a cumulative 179% gain by following four trades based on four different Markets Pro indicators. The report depicts trading alerts generated between Feb. 26 and March 4, 2023. The potential gains available to Cointelegraph Markets Pro
The influx of cash from the Infrastructure Investment and Jobs Act is creating opportunities and challenges for state transit agencies which must find matching funds, navigate politic turmoil and compete against other municipal programs to keep improving their infrastructure. A group of three state transit officials discussed those challenges at this week’s American Public Transportation
Bitcoin briefly moved back above $25,000 on Thursday, as markets rebounded from a volatile session the day prior. The potential collapse of Credit Suisse was somewhat averted, following an intervention from the Swiss National Bank, which has helped calm markets. Ethereum mostly consolidated in today’s session. Bitcoin Bitcoin (BTC) rose back above the $25,000 level
Catherine Delahaye | Getty Taking a loan against your 401(k) savings is generally a bad idea — but using the money as a short-term “bridge loan” may be an exception, according to Blair duQuesnay, a certified financial planner based in New Orleans. “I’ve always been very anti-401(k) loan,” duQuesnay said. “However, I have found there
Chaos theory proposes that a butterfly flapping its wings in one place can cause a tornado in another. Similarly, the recent failure of a niche California US tech lender this week pushed an unrelated Swiss bank close to collapse. Time for central bankers to acknowledge that with risks unpredictable, rate policy must be more cautious.
In episode 11 of Hashing It Out, Cointelegraph’s Elisha Owusu Akyaw speaks to Steven McClurg, the chief investment officer of Valkyrie Investments, about the state of Bitcoin (BTC) exchange-traded funds (ETFs) and the way forward. Regulators in the United States have mounted stiff opposition against listing Bitcoin spot ETFs even though Canadian and European regulators
In this article CSG.N-CH ADBE SNAP META Follow your favorite stocksCREATE FREE ACCOUNT The Snapchat application on a smartphone arranged in Hastings-on-Hudson, New York, US, on Wednesday, Feb. 1, 2023. Tiffany Hagler-Geard | Bloomberg | Getty Images Check out the companies making the biggest moves in premarket trading: Credit Suisse — U.S.-listed shares of Credit