Texas Lawmaker Launches Resolution to Protect Bitcoin Investors, Support BTC Economy â Regulation Bitcoin News
A legislative proposal has been introduced to support the bitcoin economy in the U.S. state of Texas. âThe individuals who own bitcoin should be protectedâ under the Texas Constitution, the proposal describes. âNo citizen of Texas shall ever be deprived of their right to own bitcoin and that all bitcoin owners will be protected as […]
Yellen Says US Could Back All Deposits at Smaller Banks if Needed to Prevent Contagion â Finance Bitcoin News
U.S. Treasury Secretary Janet Yellen says the federal government could guarantee all deposits of smaller banks if they âsuffer deposit runs that pose the risk of contagion.â The government recently protected all deposits of Silicon Valley Bank and Signature Bank after they failed. U.S. Government Ready to Guarantee More Deposits if Needed U.S. Treasury Secretary […]
FL Gov. DeSantis Proposes Ban on Central Bank Digital Currency Use as Money â Bitcoin News
Governor Ron DeSantis of the U.S. state of Florida has proposed legislation to prohibit the use of central bank digital currency (CBDC) as money in his state. âThe Biden administrationâs efforts to inject a centralized bank digital currency is about surveillance and control,â the governor warned. Governor Ron DeSantis Proposes Law to Prevent Financial âWeaponizationâ […]
Midsize US Banks Ask Regulators to Extend FDIC Insurance to All Deposits for 2 Years Before Another Bank Fails â Regulation Bitcoin News
The Mid-Size Bank Coalition of America has asked federal regulators to extend FDIC insurance to cover all deposits for the next two years. âDoing so will immediately halt the exodus of deposits from smaller banks, stabilize the banking sector and greatly reduce chances of more bank failures,â the group claimed. âIt is imperative we restore […]
US Senator Calls for Investigation Into Bank Failures â Says Fed Chair Powell ‘Bears Direct Responsibility’ â Economics Bitcoin News
U.S. Senator Elizabeth Warren has called for a âthorough, independent investigation of the causesâ that led to the failure of Silicon Valley Bank (SVB) and Signature Bank. She alleges that Federal Reserve Chairman Jerome Powell âbears direct responsibilityâ for regulatory and supervisory issues involving the two banks. Senator Elizabeth Warren Calls for Independent Investigation Into […]
Economist Peter Schiff Expects Worse Financial Crisis Than 2008 â Says ‘Future Rate Hikes Are Now Pointless’ â Economics Bitcoin News
Economist Peter Schiff has warned that the current financial crisis will be worse than in 2008. âFuture rate hikes are now pointless,â he stressed, adding that any effect will be more than offset by the Fedâs quantitative easing. Peter Schiffâs Financial Crisis Warning Economist and gold bug Peter Schiff shared his outlook for the U.S. […]
International Operation Takes Down Crypto Mixer Chipmixer â Creator Could Face 40 Years in Prison â Regulation Bitcoin News
An international operation has taken down Chipmixer, a cryptocurrency mixing service that allegedly laundered more than $3 billion worth of cryptocurrency, according to the U.S. Department of Justice (DOJ). The operation involved national authorities in the U.S., Germany, Belgium, Poland, and Switzerland â with Europolâs support. International Operation Takes Down Chipmixer The U.S. Department of […]
Michael Burry Compares Current Banking Turmoil to Panic of 1907 â Highlights Markets Bottoming â Economics Bitcoin News
Michael Burry, a hedge fund manager renowned for predicting the 2008 financial crisis, has drawn parallels between the current banking turmoil and the Panic of 1907. He noted that three weeks after J.P. Morgan made a stand, the panic was resolved and the markets bottomed. âA stand was made this past weekend,â the famous investor […]
‘I Would Sell My Bitcoin Right Into This Rally’ â Markets and Prices Bitcoin News
The host of Mad Money, Jim Cramer, says he would still sell bitcoin despite the failures of major banks and growing public distrust in the banking system and the Federal Reserve. âBitcoin is a strange animal,â he said, asserting that the price of the cryptocurrency is âbeing manipulated up.â Jim Cramerâs Recommendations The host of […]
Goldman Sachs Now Expects No Rate Hike in March Due to Stress in US Banking System â Economics Bitcoin News
Goldman Sachs has revised its U.S. interest rate forecast due to âstress in the banking system.â The global investment bank no longer expects the Federal Reserve to raise interest rates at its Federal Open Market Committee (FOMC) meeting in March after the central bank announced measures to rescue depositors of failed Silicon Valley Bank and […]