Gizmodo : Economy

Calling all asset managers, mid-tier bank employees, and financial sustainability advocates: You’re in league with the Devil, according to Utah’s State Treasurer.

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Gizmodo : Economy

In the wake of the second largest bank failure in U.S. history, the failure in question, Silicon Valley Bank, has some comforting words amongst the turmoil. Clients of the bank received an email last night from SVB’s new CEO Tim Mayopoulos stating that everything is fine.

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Gizmodo

On Monday, Binance said it would suspend withdrawals and deposits for anybody using UK currency. The news came after the world’s largest crypto exchange’s banking partner in the UK, Paysafe, said it was abandoning crypto, at least as far as Binance was concerned.

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Gizmodo : Economy

The U.S. government swooped in on Sunday to save the tech industry’s favorite bank, announcing that it would ensure all depositors in Silicon Valley Bank had full access to their money by Monday. Silicon Valley Bank is the second-largest bank to fail in U.S. history.

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Gizmodo : Economy

It would appear that the days of crisp dollar bills and shiny pennies are falling behind us. The number of ATMs in the U.S. is reportedly on the decline as we move to a society hellbent on credit cards, mobile payments, and tap-to-pay.

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Gizmodo : Economy

Blockchain investors in Japan rejoice. The Japanese subsidiary of bankrupt crypto exchange FTX announced that customers could begin withdrawing funds from their accounts beginning on Tuesday, after a months long freeze. FTX Japan customers are among the first to get their money back following the exchange’s global…