City Fargo, county Wells Financial News

11.04 / 18:33
markets Federal Reserve inflation Interest rates Bitcoin Bitcoin Price Bitcoin holds $30K, but some pro traders are skeptical about BTC price continuation
Bitcoin (BTC) price has finally broken the $30,000 level after the key price zone lasted as a ten months resistance level. BTC price rallied 6.5% on April 10 and the much-awaited price gain ended an agonizing 12-day period of extremely low volatility, which saw the price hovering close to $28,200. Bulls are now confident that the bear market has officially ended, especially considering the fact that BTC price has gained 82% year-to-date.
30.03 / 18:05
Platform Fine Fed, Treasury Fine Wells Fargo for Sanctions Violations
The Federal Reserve and the Treasury Department are fining Wells Fargo & Co. $97.8 million for violating U.S. sanctions by allowing a foreign bank to make prohibited transactions on one of the bank’s platforms.
25.03 / 22:51
UPS JPMorgan Citigroup Chase SVB PacWest Financial Deposit drain from smaller banks into financial giants like JPMorgan Chase has slowed, sources say
The surge of deposits moving from smaller banks to big institutions including JPMorgan Chase and Wells Fargo amid fears over the stability of regional lenders has slowed to a trickle in recent days, CNBC has learned.
23.03 / 16:09
BTC JPMorgan coinbase BitMEX Bitcoin valuation Will BTC zoom past $1 million valuation? BitMEX co-founder believes…
Arthur Hayes, the co-founder and former chief executive of crypto exchange BitMEX, recently appeared on a Bankless podcast hosted by David Hoffman. The crypto veteran shared his take on the recent developments in the banking system of the United States. He gave his two cents on how it would affect inflation and the broader economy. 
18.03 / 11:11
Citi goldman sachs Banks Wells Fargo Bitcoin bitcoin market cap Bitcoin market cap grows 60% in 2023 as top Wall Street banks lose $100B
The market capitalization of Bitcoin (BTC) has added $194 billion in 2023. Its 66% year-to-date (YTD) growth is vastly outperforming top Wall Street bank stocks, particularly as fears of a global banking crisis are rising.
10.03 / 18:41
markets Banks Bitcoin Bitcoin Price Bitcoin battles $20K as trader calls bank chaos '2008 all over again'
Bitcoin (BTC) struggled to reclaim $20,000 support at the March 10 Wall Street open as fears mounted over Silicon Valley Bank (SVB) contagion.
06.03 / 07:29
business Tether Bitfinex banking Tether strikes at WSJ over ‘stale allegations’ of faked documents for bank accounts
The company behind stablecoin Tether (USDT) has rebuffed a report by The Wall Street Journal claiming it had ties to entities that faked documents and used shell companies to maintain access to the banking system.
04.03 / 01:13
Tether USDT Ether Bitcoin open Breaking: Tether Investigation Reveals Use of Fraudulent Documents and Obscured Identities to Open Bank Accounts
Amid struggles to maintain access to the global banking system, the companies behind Singapore-based USDT stablecoin issuer Tether used a mixture of fraudulent documents, obscured identities and shell companies, according to a new bombshell report by the Wall Street Journal.
23.02 / 22:15
UPS Lowe's Progressive Gap Net Worth Black families' net worth has grown more than other racial groups since Covid, but wealth gap remains wide
Black families saw their wealth grow more than that of non-Black households during the pandemic, but the racial wealth gap is still vast, a new study showed.

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