Banking

402 Articles 6 Followers


Why Did Credit Suisse Collapse?

28 Apr 2023 4 minute read 4 comments MintDice.com

The collapse of Credit Suisse, a global banking giant and a global systemically important bank (G-SIB), has sent shockwaves through the international financial system. The Swiss bank's demise was a result of a series of factors, including persistent...

The Euro-Pegged Stablecoin of Société Générale Has Functions to Recall or Burn Your Money. The Worst Is Yet to Come.

25 Apr 2023 1 minute read 0 comments ssaurel

A few days ago, we learned that the French bank Société Générale (SG) was working on a Euro-pegged Stablecoin project. This project is developed on the Ethereum blockchain in the form of a smart contract. The interesting thing about such a smart cont...

No Particular Date in History: the Invention of the Personal Check

23 Apr 2023 3 minute read 1 comment WinterYeti

Today, most personal payments are handled through credit cards, ATMs, electronic ACH transfers, digital accounts and, of course, crypto payments. However, the overall lifespan of all this digital movement of money is very short, maybe dating bac...

The Case for PayPal (Honestly!)

22 Apr 2023 2 minute read 0 comments WinterYeti

  As most who've used digital payment tools are aware, PayPal is one of the most widely used online payment platforms in the world, and it's been offering a simple service that allows users to invest in four core cryptocurrencies (BTC, ETH, LTC and B...

Bitcoin Is Here to Free You From the Playground of the Fed and the Famous “Don’t Fight the Fed!”

19 Apr 2023 4 minute read 3 comments ssaurel

Yesterday, I saw an article on CNBC that quoted Jamie Dimon, the CEO of JPMorgan. In essence, Jamie Dimon is telling us that we should expect the Fed's key interest rates to remain high for longer than the markets currently expect:   The famous...

Silicon Valley and Signature Bank Collapses: Crypto Market Reaction

13 Apr 2023 9 minute read 1 comment CryptoManiaks

This was one of the biggest failures in the banking industry in the US and the largest bank to crash since the end of the 2008 financial crisis. Silicon Valley is now under the control of the Federal Deposit Insurance Corporation (FDIC). The recent f...

10 Reasons Why the Future of Banking Has No Banks, Just Bitcoin.

5 Apr 2023 14 minute read 4 comments ssaurel

The banking system is flawed by design. This first sentence may seem brutal to start an article, but to convince you that it is not the case, I suggest you look at this image:   This image comes from the “Violation Tracker Industry Summary Pa...

The bank is failing us!

30 Mar 2023 3 minute read 3 comments DJOesch

Hi Everyone The TLDR for this post is: Why I'm bullish for the long-term crypto market, and how I explain it to my friends and family in an easy way so that they get the hype.  1998 When I was young (In 1998 I was 13 years old), I got my first bank...

Evaluating how US Fed's rate hikes initiated troubles for Silicon Valley Bank leading to its bankruptcy

29 Mar 2023 3 minute read 0 comments Greenchic

  Link between US Fed’s interest rate hikes and fall of Silicon Valley Bank The collapse of Silicon Valley Bank(SVB) is linked to Fed’s interest rate hikes, let’s unravel this phenomenon. All would have gone well, if SVB was not forced to realise th...

The bank has lost my money! Part 2

27 Mar 2023 2 minute read 2 comments crypto newbie mom

Good morning.   Well I know bank's have had their fair share of troubles recently but after my experience I am not surprised. The level of incompetence I have encountered is quite unbelievable.    Back on the 6th November I wrote about how I was tryi...