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China’s Credit Agency Downgrades US Credit Rating Over Debt-Ceiling Standoff and Looming Default

China’s Credit Agency Downgrades US Credit Rating Over Debt-Ceiling Standoff and Looming Default

China’s oldest credit rating agency, Chengxin International Credit Rating (CCXI), made headlines this week by downgrading the United States’ credit...
May, 27, 2023
2 min read
by Bitcoin News
Central Banks Reduce US Dollar Swap Lines to Weekly Auctions Amid Moody’s US Banking Sector Downgrade

Central Banks Reduce US Dollar Swap Lines to Weekly Auctions Amid Moody’s US Banking Sector Downgrade

After the tumultuous downfall of three major banks, namely Silvergate Bank, Silicon Valley Bank, and Signature Bank, several central banks made a c...
Apr, 25, 2023
3 min read
by Bitcoin News
First Republic Bank’s Shares Downgraded to Junk Status by S&P Global; Stock Slides More Than 25% Lower

First Republic Bank’s Shares Downgraded to Junk Status by S&P Global; Stock Slides More Than 25% Lower

After UBS acquired Credit Suisse and close to a dozen financial institutions injected $30 billion into First Republic Bank four days ago, S&P Globa...
Mar, 20, 2023
2 min read
by Bitcoin News
Moody’s Downgrades US Banking Sector to Negative After Collapse of Three Major Banks

Moody’s Downgrades US Banking Sector to Negative After Collapse of Three Major Banks

After the failure of three major U.S. banks last week, with two of them being the second and third largest banking failures in the country, Moody’s...
Mar, 14, 2023
2 min read
by Bitcoin News
Coinbase Severs Ties With Silvergate Bank Amidst JPMorgan Downgrade and Delayed SEC Filing

Coinbase Severs Ties With Silvergate Bank Amidst JPMorgan Downgrade and Delayed SEC Filing

On March 2, 2023, the cryptocurrency exchange Coinbase announced that, in light of recent developments, the company is “no longer accepting or init...
Mar, 02, 2023
2 min read
by Bitcoin News