During the past 11 days, over 7 billion USDC stablecoins have been withdrawn from circulation, with most of the redemptions occurring following the depegging event of USDC on March 11, 2023. Furthermore, since March 6, a total of 439.48 million BUSD stablecoins have been redeemed. Stablecoin Depegging Event Triggers Billions in Redemptions The stablecoin landscape
Commuters make their way along a street amid smoggy and foggy conditions early in the morning in Lahore on January 3, 2023. Arif Ali | AFP | Getty Images About 90% of the global population in 2022 experienced unhealthy air quality, and only six countries met the World Health Organization’s recommendations of safe air pollutant
In this article GWILX Follow your favorite stocksCREATE FREE ACCOUNT Flashpop | Stone | Getty Images As women in America struggle to get equal pay and rise up the ladder, companies that empower and promote female workers are being rewarded by impact investors. Known as gender lens or gender equity investing, the idea is to
Former Treasury Secretary Lawrence Summers said the Federal Reserve shouldn’t be spooked into easing its campaign to contain inflation out of excessive concern about a credit crunch in the wake of the recent banking turmoil. “It would be very unfortunate if, out of solicitude for the banking system, the Fed were to slow down its
California Gov. Gavin Newsom has proposed an independent watchdog within the California Energy Commission to monitor the state’s petroleum market on a daily basis. The proposal represents a shift from his plan to place a cap on oil company profits, though it would give the commission more authority to investigate gasoline price spikes and the
Scotland’s governing Scottish National party needs a leader who can widen support for independence by respecting and listening to those who favour union with the UK, finance secretary and leadership candidate Kate Forbes has said. In an interview with the Financial Times, Forbes, 32, also sought to ease tensions within the SNP heightened by her
As shares in their companies were tanking this week, a small group of European bank bosses sat down in London for a dinner of saffron risotto, salmon and asparagus and agreed that the market reaction to the collapse of a Californian lender was overblown. The chief executives were adamant that investors were “underestimating” the strength
US regulators are willing to entertain the prospect of backstopping losses at Silicon Valley Bank and Signature Bank if it helps push through a sale of the failed lenders, according to people briefed on the matter. The Federal Deposit Insurance Corporation’s willingness to discussing loss-sharing marks a significant shift in position for the agency, which
Investors have wiped nearly half a trillion dollars from the value of bank shares around the world in the worst rout for the financial sector since the onset of the Covid-19 pandemic. Financial stocks dived this week as the fallout from the collapse of Silicon Valley Bank spread through global markets. Banks in the US,
Russia’s Sberbank will send $3.6bn to the state coffers this spring as part of a record dividend payout, even as its profits collapsed last year due to western sanctions imposed over Moscow’s invasion of Ukraine. This marked a record in terms of share of profit paid out. In previous years, the bank distributed just 40-56
Last week’s rapid collapse of Silvergate, Silicon Valley Bank (SVB) and Signature Bank has highlighted the fragility of the traditional banking sector while depriving crypto of its primary fiat on-ramps in the United States. Most observers agree that the collapse of SVB, like the one of Silvergate, was largely the result of unfavorable market conditions
After a recovery on March 16, the United States equities markets are again down on March 17. Investors remain concerned about the vulnerability of the banks in the U.S. and Europe. A silver lining for cryptocurrency investors is that Bitcoin (BTC) has remained decoupled with the equities markets and has risen to its highest level
The banking sector crisis cast a wide net of influence over the municipal market this week, stirring pricing volatility, upending monetary policy predictions and raising questions among participants over how deep the troubles run and whether the potential contagion will roil economic prospects. Silvergate Bank’s March 8th announcement it was closing up shop led the
Investors breathed a sigh of relief after the Swiss National Bank said it would provide a liquidity backstop for Credit Suisse. Arnd Wiegmann / Stringer / Getty Images Check out the companies making headlines in midday trading. First Republic — The regional bank shares shed over 20% even after the company is set to receive
The takeover of the Houston Independent School District by the Texas Education Agency (TEA) on the basis of academic performance does not affect its AA-plus underlying rating, S&P Global Ratings analysts said Friday. The TEA said Wednesday the largest public school district in Texas will be run by a state-appointed board of managers and superintendent
On March 17, 2023, SVB Financial Group, the parent company of Silicon Valley Bank, filed for Chapter 11 bankruptcy protection in the Southern District of New York. The company stated that it is no longer associated with Silicon Valley Bank (SVB) after the Federal Deposit Insurance Corporation (FDIC) placed it into receivership last week. 3
In Downing Street, they talk about the narrow “landing strip” on to which Rishi Sunak might steer his party to victory at the next election. Millions of undecided voters, they hope, will have appreciated Jeremy Hunt’s assured performance at this week’s Budget, and Sunak’s deals on Northern Ireland with the EU, and on submarines with
Crypto derivatives exchange Deribit will soon launch Bitcoin (BTC) volatility futures, giving investors a direct way to measure and trade BTC market volatility. On March 17, Deribit introduced BTC DVOL futures — a derivatives contract built on the Deribit Bitcoin Volatility Index, which measures the implied volatility of the largest cryptocurrency. Deribit’s volatility gauge provides
Dogecoin rebounded from a recent decline on Friday, as cryptocurrency markets shook off yesterday’s bear wave. The meme coin has now risen by over 5%, a day after falling by the same sum. Chainlink was another notable mover, as prices climbed by over 7%. Dogecoin (DOGE) Dogecoin (DOGE) rose by as much as 5% in
Beginners should undertake data science projects as they provide practical experience and help in the application of theoretical concepts learned in courses, building a portfolio and enhancing skills. This allows them to gain confidence and stand out in the competitive job market. If you’re considering a data science dissertation project or simply want to showcase
In this video, I will share with you how to protect and hedge off your risk when it comes to selling covered call options on your stock. Covered calls are a great way to make some additional money and income if the stock is not moving higher or if it’s struggling to push to the