Day: 17 March 2023

Credit Suisse Bank Swaps Blow Out As Crypto Prices Hold Up

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When a bank goes down, it won’t go down alone. Speculations on the bleak future of Credit Suisse, which broke out in October 2022, resurfaced this year. The Switzerland-based bank with approximately $578 billion in assets, has been in intense trouble due to “material weakness” revealed in its reporting. A Major Hit if it Happens Credit Suisse has experienced more turbulence after its largest shareholder reportedly ruled out assistance. In an interview with Bloomberg, Ammar Al Khudairy, Chairman of the Saudi National Bank (SNB), Credit Suisses’ biggest shareholder said that…

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Arbitrum To Airdrop ARB Tokens On Mar. 28, Unveils New DAO And L3 Roadmap

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Summary: Ethereum Layer 2 protocol Arbitrum will airdrop native tokens under the ticker ARB to community members on Mar. 28. ARB will serve as the governance token for the protocol’s new self-executing DAO and its network – Arbitrum One and Nova. The protocol also announced a layer 3 stack for developers dubbed Orbit to incentive activity on its network and support builders. Ethereum Layer 2 scaling protocol Arbitrum will airdrop governance tokens under the ticker ARB to community members on Mar. 28 as the project moves toward establishing a greater…

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Argentina Registers 6.6% CPI in February; Inflation Numbers Blast Past 100% YoY for First Time Since the 90s

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The National Institute of Statistics and Census of Argentina released February’s numbers for the consumer price index (CPI), registering an increase of 6.6%, a consequence of the rises in prices of food and beverages principally. The number is among the highest in the history of Argentina, reaching more than 100% growth year-on-year (YoY), something that has alarmed local analysts. Argentina Registers Record CPI Levels in February The National Institute of Statistics and Census in Argentina released the inflation numbers for February, alarming local analysts. According to the report, February’s monthly…

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