Losses

On April 13th, a new research report from the Mortgage Bankers Association (MBA) showed that mortgage lending businesses of American banks are experiencing their first ever losses.

It is reported that Stronghold Digital Mining, a Bitcoin mining company, released its financial report for the fourth quarter of 2022. The report shows that in the fourth quarter o

On March 27th, Swiss Finance Minister Karin Keller Sutter stated that the Swiss government was forced to intervene to save Credit Suisse because Credit Suisse might not survive Mon

According to reports, the Swiss authorities are considering allowing Credit Suisse bondholders to bear losses as part of the rescue agreement. If Credit Suisse were liquidated rather than acquired by UBS, its bondholders’ losses could be even greater. (Reuters) Swiss authorities consider assuming losses to Credit Suisse bondholders Analysis based on this information:The Swiss authorities are reportedly considering a proposal that could allow Credit Suisse bondholders to bear losses as part of the bank’s rescue agreement. The move comes as a potential solution to the bank’s financial struggles in the wake of the Archegos Capital Management scandal, which resulted in a $4.7 billion loss for Credit Suisse. If the bank were to be liquidated instead of being acquired by UBS, bondholders could potentially face even greater losses. Credit Suisse is one of the largest banks in Switzerland, with a focus on wealth management, investment banking, and asset management. In recent years, the bank has been struggling to maintain profitability, with…

It is reported that the annual Internet crime report of the Federal Bureau of Investigation (FBI) shows that with the surge of cryptocurrency investment fraud, the online fraud losses reported to the FBI in 2022 exceeded $10 billion, which is the highest annual loss amount in the past five years. From 2021 to 2022, the number of online fraud reports increased by more than US $3 billion, due to the nearly tripling of the number of cryptocurrency investment fraud reports, and the loss caused by ransomware was about US $34 million. FBI: The number of online fraud reports increased by more than US $3 billion in 2002, and the number of encrypted investment fraud nearly doubled Analysis based on this information:The latest annual Internet crime report by the FBI shows that online fraud losses reported in 2022 have reached $10 billion, marking a substantial increase from the previous year. This surge in losses is largely attributed to the rise in…

On March 13, a user mistakenly sold the Curve LP token 3CRV with a value of more than US $2 million and only got 0.05 USDT. DEX aggregator KyberSwap published the investigation results of this event. KyberSwap said that when the user sold, only the route of 0x was successful, so KyberSwap chose the transaction path provided by 0x, which pointed to a pool with almost no liquidity, but the user did not seem to notice the reminder of the actual value of tokens obtained through the transaction and continued to trade, resulting in losses. KyberSwap: has contacted Coinbase and others to try to recover the funds lost by the previous mis-selling of 3CRV users Analysis based on this information:The recent loss suffered by a crypto trader selling Curve LP token 3CRV made headlines in the crypto world. The trader mistakenly sold the token for a value exceeding US $2 million but received only 0.05 USDT. The investigation released by…

According to reports, in a recent interview, Federal Reserve Governor Christopher Waller said, \”I am not a fan of digital currency, nor do I believe that crypto

According to reports, Du Jun, a senior investor in the encryption field, said in a message on social media, \”eluded LUNA, evaded 3AC, even evaded FTX, still elu

On February 23, Coinbase, the cryptocurrency exchange, said that it would not withdraw from its NFT project. After the release of the new quarter\’s financial r…

According to the data of Binance Research, since the launch of the Beacon Chain (Beacon Chain) in December 2020, more than 16.5 million ETHs (worth 27.7 billio…