2023-3-13 19:56 |
The FDIC reportedly started an auction process late on March 11 for Silicon Valley Bank. Bids were to be open for just a few hours.
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A joint statement ensured that all customer deposits at the respective banks will be honored by the federal government.
2023-3-13 04:59 | |
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Bankrupt crypto lender BlockFi has revealed a $227 million exposure to Silicon Valley Bank. BlockFi's deposits are not insured by the FDIC since they were invested in a money mutual market fundThe post Bankrupt crypto lender BlockFi reveals $227M exposure to Silicon Valley Bank appeared first on AMBCrypto.
2023-3-11 11:32 | |
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Circle said it failed to remove $3. 3 billion from Silicon Valley Bank. SVB is under FDIC receivership following its collapse. USDC depegged following the news, falling 8% to hit lows of $0. 91 on Saturday morning.
2023-3-11 09:46 | |
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Rep. Maxine Waters convened meetings with federal bank regulators in the wake of the bank's collapse.
2023-3-11 09:17 | |
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FDIC closed Silicon Valley Bank today and took control of its deposits. Austin Campbell says it could actually be a benefit for Signature Bank. Shares of Signature Bank ended more than 20% down on Friday.
2023-3-11 03:32 | |
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In its first statement following the collapse of Silicon Valley Bank, Circle declined to state how much cash it has tied up at the bank.
2023-3-11 03:05 | |
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Niche banks continue to fall apart. The Silvergate failure is being followed by Silicon Valley Bank (SVB), which collapsed on March 10.
2023-3-11 00:04 | |
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The FDIC stated that as the receiver, it had immediately transferred all insured deposits of Silicon Valley Bank to the newly created Deposit Insurance National Bank of Santa Clara (DINB).
2023-3-11 20:04 | |
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The biggest news in the cryptoverse for March 8 saw Silvergate Capital announce that its crypto bank will halt operations following earlier reports that it would attempt a recovery with the FDIC. The post CryptoSlate Wrapped Daily: Silvergate to shut down; 3AC founders advance OPNX plans appeared first on CryptoSlate.
2023-3-9 01:59 | |
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Coinspeaker Silvergate Reportedly Working Out a Rescue Plan with FDIC Officials FDIC officials are reportedly looking at the books and records of Silvergate Bank and could provide a remedy for bank to come out of the turmoil.
2023-3-8 14:59 | |
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Officials from the government agency reportedly entered Silvergate’s headquarters last week, with discussions revolving around how to salvage the crypto bank.
2023-3-8 03:39 | |
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Silvergate Bank had a really rough week, to the point where a not-insignificant number of people were waiting for the Federal Deposit Insurance Corporation (FDIC) to announce the bank had entered receivership after close of business Friday.
2023-3-8 02:52 | |
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Failing crypto bank Silvergate is exploring ways to make a recovery with United States regulators, according to a report from Bloomberg on March 7. The post Failing bank Silvergate and FDIC are discussing recovery plans appeared first on CryptoSlate.
2023-3-8 02:43 | |
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FDIC examiners met with Silvergate management at its headquarters in California last week.
2023-3-8 02:00 | |
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US banking regulators warn of liquidity risks from crypto clients. Stablecoin reserves could experience large and rapid outflows, caution the Federal Reserve, FDIC, and OCC. The post US Bank Regulators Issue Fresh Warning on Crypto Liquidity Risks appeared first on BeInCrypto.
2023-2-24 20:42 | |
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Senate Banking Committee Chairman Sherrod Brown and several other lawmakers called on the heads of the OCC, FDIC and Fed to review fintch firm SoFi's crypto activities.
2022-11-22 23:49 | |
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Sen. Pat Toomey says he has information from whistleblowers that the FDIC, without a legal basis, is discouraging banks from dealing with companies that have crypto links.
2022-8-18 00:56 | |
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The U.S. bank insurer has concerns over the ability of the institutions it supervises to assess crypto risks adequately, and it’s none too sure about its own abilities.
2022-4-8 00:25 | |
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Клиенты Vast Bank смогут покупать, продавать и хранить криптовалюты на текущих счетах, застрахованных FDIC. Финансовое учреждение первым в США получило подобное разрешение от Управления контролера денежного обращения в составе Минфина (ОСС) и ФРС.
2021-9-5 11:04 | |
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Клиенты Vast Bank смогут покупать и продавать криптовалюты напрямую с текущего счета, застрахованного FDIC, в том числе через мобильную торговую платформу банка.
2021-9-3 23:19 | |
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Vast Bank has become the first U.S. bank with FDIC insurance and a Federal Reserve charter to offer Bitcoin services.
2021-9-3 15:28 | |
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Rep. Rashida Tlaib, Rep. Stephen Lynch and Rep. Jesus Chuy Garcia have introduced a bill that would require stablecoin issuers to secure bank charters and either obtain FDIC insurance or maintain full reserves to operate in the U.S.
2020-12-3 01:37 | |
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A financial institution in West Virginia is officially the first bank to go under due to the coronavirus pandemic. The FDIC has announced that a ‘small bank’ is closing its doors in West Virginia.
2020-4-5 05:15 | |
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In the past weeks, investors have fled out of risky assets that resulted in equities, oil, cryptos to even gold and bonds falling in prices. The risky assets along with traditional safe haven assets were left out in favor of cash.
2020-3-26 22:23 | |
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The Federal Deposit Insurance Corporation (FDIC) is ciscouraging people from withdrawing money from their banks. What are they trying to hide? The post FDIC’s Ridiculous Ad to Stop Bank Runs Is Sending the Opposite Signal appeared first on CCN.com
2020-3-25 17:53 | |
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The Federal Deposit Insurance Corporation (FDIC) has just issued an appeal for US savers to leave their money in their bank accounts. The message follows hints of a bank run as coronavirus-induced panic continues to spread.
2020-3-25 08:15 | |
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Square, a financial service and merchant aggregator, received a formal conditional approval from the Financial Depository Insurance Corporation (FDIC) to launch its bank, Square Financial Service. The bank is chartered as an Industrial Loa Company (ILC) with a prospective launch date in 2021 to be announced.
2020-3-19 18:00 | |
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The U. S. Federal Deposit Insurance Corporation (FDIC) has granted conditional approval for Square to function as an Industrial Loan Company (ILC). FDIC Grants Square’s Deposit Insurance Application According to a press release issued on Wednesday (March 18, 2020), the FDIC Board approved Square’s deposit insurance application to create a “de novo industrial bank.
2020-3-19 16:00 | |
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Bitcoin advocate and Twitter CEO Jack Dorsey just had his application to launch Square Financial Services Inc. approved by the FDIC. This means that the U. S. financial services and mobile payment company whose cash app allows for payments in bitcoin will soon be able to issue loans to commercial merchants.
2020-3-19 15:30 | |
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Square Financial Services was given conditional approval by the FDIC Board for an Industrial Loan Company bank charter on Wednesday.
2020-3-19 00:42 | |
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An SPDI charter offered in Wyoming lets U.S. firms offer banking and custody services under a regulator that’s not the FDIC, but the application and capital requirements are as rigorous as launching a de novo state-chartered bank.
2020-1-15 20:00 | |
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Cryptoasset prime dealer and trading platform SFOX revealed that they have partnered with the New York-based M. Y. Safra Bank to offer its trader with deposit accounts insured by Federal Deposit Insurance Corp.
2019-5-15 15:20 | |
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SFOX crypto traders will now have access to insurance through the U.S. government’s Federal Deposit Insurance Corporation (FDIC) worth up to $250,000
2019-5-15 12:41 | |
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Coinspeaker SFOX Partners M. Y. Safra Bank to Offer Segregated, FDIC-Insured Bank AccountsSan Francisco-based cryptocurrency prime brokerage, SFOX, partnered with the century-old New York-based M.
2019-5-15 12:36 | |
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By CCN: Crypto mass adoption hopefuls rejoice. FDIC protection is here. Cryptocurrency prime dealer SFOX is partnering with M. Y. Safra Bank of New York to offer traders and investors deposit accounts backed by the Federal Deposit Insurance Corp.
2019-5-15 01:15 | |
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CryptoNinjas SFOX, a crypto asset prime dealer and trade platform, announced today a new relationship with M. Y. Safra Bank to provide its traders with access to FDIC-insured deposit accounts to securely hold their funds.
2019-5-14 18:01 | |
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Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets.
2019-5-13 16:37 | |
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The state of Wyoming has passed a blockchain bill that allows banks to provide banking services to blockchain companies in the state. According to the legislative document, the new bill would create a new banking category called the Special Purpose Depository Bank, a group of financial institutions in the state that provide banking services to blockchain-based businesses.
2018-12-3 19:48 | |
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Jared Rice Sr. , CEO of the Dallas-based bank AriseBank, was arrested by the Federal Bureau of Investigation (FBI) on Wednesday, November 28, 2018, and charged with six counts of securities fraud and wire fraud.
2018-11-30 23:03 | |
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Despite a prolonged cryptocurrency bear market and regulatory uncertainties, OKCoin, one of the largest cryptocurrency exchanges in the world, is expanding to Latin America launching a new exchange platform headquartered in Buenos Aires, Argentina.
2018-11-15 17:45 | |
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On July 5, it was confirmed that Square Inc. had withdrawn its application to open a new depository bank, but said it will refile later this year with the Federal Deposit Insurance Corp. However, its application with the Utah Department of Financial Institutions remains active.
2018-7-6 13:00 | |
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Former FDIC Chairman Sheila Bair on bank stress tests, the U.S. economic outlook and the future of cryptocurrency. Q1 hedge fund letters, conference, scoops etc, Also read Lear Capital: Financial Products You Should Avoid? Image source: YouTube Video Screenshot Sheila Bair: Fed Needs To Consider A Digital Currency Transcript Well it’s certainly a lot […]
2018-6-22 15:27 | |
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So they pull their uninsured money out of the banking system, disrupting the free flow of payments. […] However, suppose consumers could convert their bank deposits into a digital currency that would be issued and backed by the Fed? When it wants to raise rates — as it is doing now — it reduces its
2018-6-13 07:25 | |
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Data shows that ARK 21Shares Bitcoin exchange-traded fund (ETF), also known as ARKB, recorded the highest amount of inflows after reaching a crucial level. According to data provided by Farside Investors, the US Bitcoin (BTC) ETFs registered $100.5 million in…
Elements of the Payment Stablecoin Act have the potential to be beneficial for American consumers — but critics claim other parts are “unconstitutional.” Republican Cynthia Lummis and Democrat Kirsten Gillibrand have become something of a bipartisan, pro-crypto double act in…
Two U.S. lawmakers have proposed a bill that clarifies the taxation framework for cryptocurrency staking rewards. Bipartisan lawmakers Reps. Wiley Nickel, D-N.C., and Drew Ferguson, R-Ga, introduced the Providing Tax Clarity for Digital Assets Act on May 1 to clarify…
On April 30, Judge Richard Jones sentenced Zhao to four months in prison, going against the U.S. Department of Justice (DOJ)’s recommendation for a three-year jail sentence. London-based financial services lawyer Rabya Anwar told crypto.news that the stories of Zhao…
Willy Woo, an on-chain analyst, took to X on April 29, raising concerns about the fate of retail Bitcoin investors if the world, especially the United States, plunges into a recession. Woo, referencing historical events, argues that while large Bitcoin holders, or “whales,” are likely to weather the storm since they control private keys of their coins, […]
U.S. senators Elizabeth Warren and Bill Cassidy have urged the Department of Justice (DOJ) and Department of Homeland Security (DHS) to double down on their efforts to combat crypto use in the market for child sex abuse material (CSAM). In…
Uniswap‘s token UNI has dropped 17% following a lawsuit notice from US regulators sinking to $9.27, its lowest since late February. The latest decline coincided with the exchange receiving an official investigation Wells notice from the SEC. The market cap…