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Press Release

Virtual Duo Babka and Nushi Honor Game Developers Worldwide at GDC

Los Angeles, United States, 22nd March, 2023, Chainwire GDC 2023 is finally…

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Press Department
Blockchain

KyberSwap announces first ever $ARB token liquidity pools, liquidity mining and trading campaigns on Arbitrum

Ho Chi Minh City, Vietnam, 22nd March, 2023, Chainwire Since launching in…

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Press Department
The CEO of one of the largest Swiss banks Credit Suisse called the world's first cryptocurrency a speculative asset. Interest in Bitcoin will fade away, the banker said, adding, however, that cryptocurrencies are a challenge anyway. The announcement came shortly after the announcement of Credit Suisse's forced merger with Swiss rival UBS, which market analysts called the largest bank liquidation in the country's history. UBS bought the rival for 3 billion Swiss francs ($3.2 billion). The valuation was less than half of Credit Suisse's market value. On Monday, March 20, the shares of the troubled bank fell by almost 60%. “From what we can determine today, the only reason to buy or sell bitcoin is to make money. That is nothing but speculation and a bubble,” said Tidjane Thiam. The fact that attackers use bitcoin in fraudulent schemes contradicts the definition of cryptocurrency, the banker is sure. The head of Credit Suisse argues that banks have "little or no desire to intervene in a currency that has such money laundering problems." Billionaire investor Warren Buffett said last week that “Bitcoin is in a bubble.” He echoed Bridgewater Associates founder Ray Dalio, who expressed the same sentiment in September. The fallout from the collapse of the crypto-focused Silvergate Bank and two other US banks was not limited to America's financial system but spread to European markets, including sending Credit Suisse shares to record lows and forcing them to borrow nearly $53 billion from the Swiss National Bank to maintain liquidity. Credit Suisse invested in crypto projects. Switzerland's second largest bank partners with Taurus, Fnality, AlgoTrader and FundsDLT. In 2021, Credit Suisse tokenized on Ethereum the shares of Alaïa SA, which owns a chalet and hotel in the Swiss ski resort of Crans-Montana. Since February 2021, Swiss law requires that tokenized securities receive the same legal status as traditional securities. Подробнее на Bits.media: https://bits.media/glava-credit-suisse-tidzhan-tiam-bitkoin-eto-puzyr/

Credit Suisse CEO Tijan Thiam: Bitcoin is a bubble

The CEO of one of the largest Swiss banks Credit Suisse called…

Guptix John
Guptix John
Blockchain

HeartX Launches Web3 Marketplace and Community Aim to Revolutionize Digital Art Industry

Central, Singapore, 20th March, 2023, ChainwireHeartX, previously known as ArteX, a trailblazer…

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Press Department
ICO

Metacade’s Community-Driven GameFi Platform Raises Over $10M in Presale

London, United Kingdom, 14th March, 2023, ChainwirePlay-to-earn favorite Metacade continues to draw…

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Press Department
Bloxmith Launches Raiders
DeFi

Bloxmith Launches Raiders Rumble, A Mobile Strategy Game for Both Web2 and Web3 Gamers, on the Flow Blockchain

Taipei, Taiwan, 13th March, 2023, Chainwire Bloxmith, the player-first Web3 gaming studio,…

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Press Department
Silicon Valley bank shut down and taken over by California financial sector 'due to illiquidity and insolvency'

Silicon Valley bank shut down and taken over by California financial sector ‘due to illiquidity and insolvency’

Silicon Valley Bank (SVB) was closed by the California Department of Financial…

Wow News
Wow News
USDC Issuer Circle's $3.3 Billion Cash Reserve Is Trapped in Defunct Silicon Valley Bank

USDC Issuer Circle’s $3.3 Billion Cash Reserve Is Trapped in Defunct Silicon Valley Bank

In January this year, Circle, the issuer of the stablecoin USDC, published a…

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Wow News
Exchange

Presale for AltSignals new AI trading algorithm raises over $100k in 24 hours

Tallinn, Estonia, 7th March, 2023, Chainwire After raising more than $100,000 in…

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Press Department
"Bitcoin New Culture" continues to burn, Secrets may become Bitcoin's "OpenSea"

“Bitcoin New Culture” continues to burn, Secrets may become Bitcoin’s “OpenSea”

On February 2, Yuga Labs, the strongest IP creator in the NFT…

Wow News
Wow News