Author: Steven Sahiounie

San Francisco Fed President Mary Daly, whose district saw the second-largest bank failure in U.S. history and who has become a target of criticism, would not have typically been a key player in Silicon Valley Bank’s supervision, several former and current Fed officials told CNBC. A highly centralized design to the Fed’s oversight of large banks such as SVB with assets over $100 billion put supervision under the staff and leadership of the Federal Reserve Board of Governors in Washington. Regional Fed presidents can be more or less involved in monitoring their biggest banks, these officials said, but the key…

As the cryptocurrency market continues to experience significant volatility, all eyes are on Bitcoin (BTC), the original digital asset, to determine its potential trajectory.  With the BTC bulls maintaining their grip on the crucial $28,000 support level, traders and investors alike are eager to see if the leading cryptocurrency can break through the highly anticipated $30,000 zone this weekend. Cryptocurrencies Feel the Heat: CFTC’s Binance Crackdown Sends Ripples Through the Market The cryptocurrency market has been facing mounting pressure as the US Commodity Futures Trading Commission (CFTC) intensifies its crackdown on Binance, one of the world’s largest and most popular cryptocurrency exchanges. …

The Iraqi Ministry of Oil announced the preliminary statistics of the exported quantities of crude oil and the revenues generated for the month of March The ministry revealed the total exports and revenues achieved for the month of March, according to preliminary statistics issued by the Iraqi Oil Marketing Company “SOMO”, where the total amount of exports of crude oil amounted to 100 million 913 thousand and 27 barrels, with revenues amounting to 7.404 billion dollars. The statistic indicated that the total exported quantities of crude oil for the month of March from the oil fields in central and southern…

After a stormy 2022, US stocks gained during the first quarter of 2023 in a surprise show of resilience despite a banking crisis, cryptocurrency meltdowns and uncertainty about what’s ahead for the economy. Still, nothing about the first quarter’s performance was linear. The broad-based S&P 500 seesawed throughout the quarter, ending January on a high note before tumbling in February, rising again in March and ultimately ending the quarter up about 7%. The tech-heavy Nasdaq made a remarkable resurgence, soaring nearly 17% in its best quarterly gain since the fourth quarter of 2020. That comes after a tough 2022 for tech stocks, as investors…

Britain has reached an agreement to join a major free trade bloc in the Pacific region. The country will become the first new member, and the first in Europe, to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) since it came into force in 2018. Although the government called the agreement its “biggest trade deal since Brexit,” its own estimates show that joining the CPTPP will increase UK economic output by less than 0.1% in the long run, or over approximately 15 years. “We are at our heart an open and free-trading nation, and this deal demonstrates the real economic benefits…

Palestine’s ambassador to the United Kingdom, Husam Zomlot, yesterday conveyed the State of Palestine’s objections to the 2030 road map the United Kingdom signed with Israel yesterday because it ignores the rights of the Palestinian people. During his meeting with the British Minister of State Foreign Commonwealth and Development Affairs, Tariq Ahmad, at the headquarters of the British Foreign Office in London, Zomlot affirmed Palestine’s rejection of what was stated in the terms of the bilateral road map with Israel, describing it as a serious violation of international law and Britain’s commitments to Palestinian rights according to international resolutions. He…

The ten-year sanctions particularly include an asset freeze, a trade ban and the cancellation of licenses among other restrictions Ukrainian President Vladimir Zelensky has imposed sanctions on 33 Russian nationals and 225 companies, according to a decree published on the presidential website on Saturday. The ten-year sanctions particularly include an asset freeze, a trade ban and the cancellation of licenses among other restrictions. Source: Tass

As Bitcoin and Ethereum continue dominating the cryptocurrency market, traders and investors are closely watching their price movements. Over the weekend, both Bitcoin and Ethereum have been trading within a narrow range, causing some concern among traders.  As we head into the new week, the question on everyone’s mind is: Will BTC and ETH break free from the weekend blues and see a price breakout? In this update, we’ll take a closer look at the current state of Bitcoin and Ethereum, analyze their recent price movements, and provide predictions on whether we can expect to see a breakout in the near future. Taking…

The Bundeswehr’s own stock is “limited,” defense minister Boris Pistorius has explained Germany cannot afford to give additional main battle tanks to Ukraine, the country’s defense minister, Boris Pistorius, said on Saturday. His remarks came after Kiev warned that it would need more heavy weapons for a counteroffensive against Russia. “I don’t see the delivery of additional Leopard tanks beyond those that were already announced,” Pistorius told German newspaper Welt am Sonntag. To be clear, just like other nations, we only have a limited inventory. As a federal defense minister, I can’t hand over everything we have. The minister stated that “the existing…

The surge follows Binance’s decision a week ago to eliminate the zero-fee trading discount on the platform except for the BTC-TUSD pair. Trading with the TrueUSD (TUSD) stablecoin has surged over the week, crypto price tracker CoinGecko’s data shows, a result of crypto exchange Binance’s support for the token, including a zero-fee discount to buy and sell bitcoin (BTC). TUSD’s 24-hour trading volume surpassed $1 billion for most of Thursday and Friday, according to CoinGecko. It is a significant increase from earlier this month, when TUSD recorded mostly sub-$100 million daily trading volume. The BTC-TUSD pair on Binance alone recorded $713 million in trading volume in…