Tag: Finance & Economy
$7.162 Trillion In Uninsured Deposits In US Banks As Customers Risk Zero Federal Government
Americans are holding a whopping $7.162 trillion in uninsured cash in their bank accounts, according to an under-the-radar report from the Federal Deposit Insurance Corporation[more...]
Japan’s Nikkei Slumps More Than 10 Percent In Worst Losses Since 1987
Japanese stocks have recorded their biggest losses since October 1987, extending last week’s sell-off spurred by concerns the United States’ economy may be weaker than[more...]
Bank Secrecy Act (BSA): Definition, Purpose, and Effects
What Is the Bank Secrecy Act (BSA)? Also known as the Currency and Foreign Transactions Reporting Act, the Bank Secrecy Act (BSA) is U.S. legislation created in[more...]
BRICS: Prepare for US Dollar Collapse
According to a Russian IMF representative, BRICS is ready to offer an alternative to the US Dollar amid the currency’s collapse, and the bloc must prepare for[more...]
US Marshals Partner With Coinbase For Crypto Management As Part Of A $32.5 Million Contract
The U.S. Marshals Service, which is a part of the Department of Justice, said it chose Coinbase Prime to provide custody and “advanced trading services”[more...]
Iran Central Bank To Launch Digital Currency
The Central Bank of Iran (CBI) says it is planning to introduce a digital currency (CBDC) to facilitate purchases for the clients of the banking[more...]
Breaking the Bank: Sen. Lee Introduces Bill to Abolish the Federal Reserve
WASHINGTON – Senator Mike Lee (R-UT) introduced the Federal Reserve Board Abolition Act, legislation that would dissolve the Board of Governors of the Federal Reserve System and the[more...]
FDIC Says 63 Banks Faces Collapse
FDIC reports $517 billion in losses for banks, with 63 banks faces collapse. Is Bitcoin price on bring of massive rise due to bank crisis?[more...]
Google Cloud Accidentally Deletes $125 Billion Australian Pension Fund
Over half a million UniSuper members failed to access their accounts after Google Cloud accidentally deleted the private cloud account of the Australian pension fund[more...]
The Coca-Cola Company and Microsoft Announce Five-Year Strategic Partnership
ATLANTA and REDMOND, Wash. — April 23, 2024 — Microsoft Corp. and The Coca-Cola Company on Tuesday announced a five-year strategic partnership to align Coca-Cola’s core technology strategy[more...]
