Institutional cryptocurrency custodian Protego’s conditional national trust banking charter has expired without it receiving permanent approval, according to a March 17 report in Fortune. A spokesperson for the United States Office of the…
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Swiss regulators reaffirm the soundness of the Swiss financial system, following recent concerns about Credit Suisse. 471 Total views 2 Total shares News Own this piece of history Collect this article as an…
We may be heading into another financial crisis, government bailouts for reckless banks included. Bitcoin exists to fix this. This is an opinion editorial by Julian Liniger, the co-founder and CEO of Relai,…
On March 14, a class action lawsuit was filed against the recently shut down crypto-friendly, New York-based Signature Bank, and its former chief executive office, Joseph DePaolo, chief financial officer, Stephen Wyremski, and…
One of the Dodd-Frank Act drafters, Barney Frank, said regulators shut Signature Bank down to send an anti-crypto message. In shocking revelations, Frank told CNBC that there was “no real objective reason” for…
According to a lawyer representing the bankrupt crypto lender BlockFi Inc.,the company is in a stable financial position with access to ample cash reserves, despite having over $200 million in exposure to Silicon…
After the downfall of Silicon Valley Bank, Circle chose a new banking partner. Circle, a peer-to-peer payments technology company that manages a popular stablecoin known as USD Coin (USDC), has chosen a new…
Yet another crypto-friendly bank has been forced to shut its doors: Signature Bank – the bank numerous crypto firms retreated to after Silvergate revealed operational difficulties earlier this month. As with Silicon Valley…
A joint statement ensured that all customer deposits at the respective banks will be honored by the federal government. The U.S. Treasury, Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) announced on…
With hours to go before the trading day begins in Asia, top U.S. regulators have mulled guaranteeing all deposits at Silicon Valley Bank to prevent broader panic in the global financial sector, the Washington…
Top Stories This Week Silicon Valley Bank shut down by California regulator, holding over $5 billion for prominent crypto VCs Silicon Valley Bank (SVB) was shut down by California’s financial watchdog on March…
USDC stablecoin issuer Circle has claimed that it will “cover any shortfall” caused as a result of the $3.3 billion in its funds held by the collapsed Silicon Valley Bank. In a blog…
