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Congressman Emmer attacks FDIC for ‘weaponizing’ bank closures to attack crypto
Tom Emmer, Republican Congressman for Minnesota, wrote a letter to the Chairman of the Federal Deposit Insurance Corporation (FDIC), Mark Gruenberg, on March 15 expressing his concerns about the recent closures of digital asset and tech-centered banks like Silvergate, Signature Bank, and Silicon Valley Bank. дальше »
2023-3-16 02:04 | |
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Sam Bankman-Fried petitions court to prioritize reimbursing his legal fees
FTX's legal counsel requested insurers to advance or reimburse Bankman-Fried's defense costs and fees under the company's directors and officers insurance. дальше »
2023-3-16 00:00 | |
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FDIC plans second SVB auction after first failed attempt
The US Federal Deposit Insurance Corporation (FDIC) is looking to make another attempt at auctioning assets of collapsed Silicon Valley Bank (SVB) after failing to find a buyer the first time. According to the Wall Street Journal, the FDIC informed… дальше »
2023-3-14 14:14 | |
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Prompt Regulator Action And Stablecoin Issuer Assurances See USDC Repeg
A March 12, 2023, joint statement by the Department of the Treasury, Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) advised that depositors for both the Signature Bank, New York and Silicon Valley Bank, Santa Clara, California, will have access to their money effective March 13, 2023. On March 13, 2023, the Bank of […] дальше »
2023-3-14 01:58 | |
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Silicon Valley Bank shut down by California regulator
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). дальше »
2023-3-11 20:04 | |
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Over 130 US Banks Have Ongoing or Planned Crypto Assets Activities
The number of banks in the U. S. under the Federal Deposit Insurance Corporation (FDIC) dabbling with crypto assets has continued to surge, indicating a strong demand for assets such as Bitcoin and Ether as well as crypto-related services. дальше »
2023-3-9 22:32 | |
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Crypto Bank Silvergate Announces 'Voluntary Liquidation'
The Federal Deposit Insurance Corporation has taken over Silvergate Bank, which saw prominent customers abandon it and its stock price plunge after revealing it faced regulatory scrutiny and had to sell assets to pay off loans. дальше »
2023-3-9 00:41 | |
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Silvergate turns to US congress agency for help
Silvergate Capital is reportedly holding talks with the US Federal Deposit Insurance Commission (FDIC) to get ideas on remaining afloat as its financial woes worsen. Silvergate Capital, one of the numerous victims of the disgraced Sam Bankman-Fried’s FTX exchange collapse,… дальше »
2023-3-8 14:03 | |
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Silvergate's Collapse May Spell Regulatory Trouble for Crypto
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. дальше »
2023-3-8 02:52 | |
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Bitcoin Attracting Banks: Study Shows Over 130 US Banks Are Exploring Crypto
In response to growing consumer demand for bitcoin and other cryptocurrency-related services, an increasing number of banks in the United States under the umbrella of the Federal Deposit Insurance Corporation are exploring the digital currency space. дальше »
2023-2-24 08:51 | |
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FTX CEO testifies on ‘pure hell’ post-bankruptcy days at exchange
John Ray said when he took control of FTX in November 2022, there was a “massive scramble for information” related to the exchange’s funds, insurance and personnel. дальше »
2023-2-7 20:44 | |
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NYDFS investigating Gemini over FDIC-related claims
The New York Department of Financial Services (NYDFS) is investigating Gemini over its claims related to Federal Deposit Insurance Corporation (FDIC) coverage, Axios reported on January 30. The post NYDFS investigating Gemini over FDIC-related claims appeared first on CryptoSlate. дальше »
2023-1-31 18:05 | |
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Top 3 Insurance Tokens To Watch In January 2023
Insurance tokens provide protection against financial losses and cryptocurrency theft, making them an effective risk management tool for traders and investors. Insurance Tokens have a total market capitalization of $443,900,055 and a total trading volume of $6,006,915 in the last 24 hours. дальше »
2023-1-26 10:37 | |
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FTX's Failure Highlights Need for Federally Mandated Insurance, Not More Regulation
There is extensive precedent for requiring companies providing critical infrastructure to get special insurance. Why not require crypto companies to back themselves with a market-based solution, say the founders of Evertas, a crypto insurance provider? дальше »
2023-1-18 01:16 | |
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Meet “The Blockchain Evangelist” and Co-Founder of REV3AL Mo Kumarsi
Blockchain technology continues to grow in popularity, with different industries like music, automotive, banking, insurance, telecommunication, and media and entertainment adopting it. This trend has been linked to the numerous benefits of blockchain technology. дальше »
2023-1-13 13:33 | |
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Crypto Industry Key Topics to Be Explored at Blockchain Fest Singapore
Coinspeaker Crypto Industry Key Topics to Be Explored at Blockchain Fest Singapore There are a number of talks on True Digital Ownership with DeFi & NFTs, Tokenomics, and Insurance in the Crypto Industry that will be part of Blockchain Fest Singapore 2023. дальше »
2023-1-9 14:16 | |
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US Federal Reserve, FDIC warn banks against crypto risks
The US Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) warned banks about the risks involved with crypto in a joint statement on January 3. дальше »
2023-1-4 04:00 | |
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FTX-Linked Crypto Firms Are Getting Pushback From Insurers
FTX imploded back in November and there have been a number of developments since then. The effect of the crypto exchange’s collapse is still being felt by both users and companies in the space, and the most recent development shows that the contagion is far from over. дальше »
2022-12-20 02:00 | |
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Binance Replies Delisted Mithril Request for BNB Insurance Sum Refund, Claims Entitlement to Partial or Whole Sum
Coinspeaker Binance Replies Delisted Mithril Request for BNB Insurance Sum Refund, Claims Entitlement to Partial or Whole Sum Binance recently explained to delisted project Mithril that a clause in their contract entitles it to Mithril’s initial insurance deposit. дальше »
2022-12-17 17:11 | |
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BNB insurance for Binance listing? CZ addresses delisted project's claims
While the delisting didn't concern many due to its inactivity, others questioned the focus on price for delisting as it may prompt projects to artificially pump the price. дальше »
2022-12-17 14:45 | |
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Italy To Use Algorand Blockchain For Banking And Insurance Guarantees
Algorand has been selected as the blockchain to support an innovative digital guarantee platform for Italy’s banking and insurance markets. Cryptocurrencies are now gaining more popularity and adoption. дальше »
2022-12-14 16:46 | |
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Italy onboards Algorand for bank and insurance guarantees
Blockchain layer-1 platform The Italian banking and insurance industries will adopt an "innovative digital guarantees platform," which will be supported by the public blockchain Algorand. Early 202The post Italy onboards Algorand for bank and insurance guarantees appeared first on AMBCrypto. дальше »
2022-12-14 14:11 | |
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Relm Insurance distances itself from FTX’s insolvency saga
Relm discussed using captive insurance to develop in "high-growth industries — such as virtual currencies or legal cannabis farms" in a post about the COVID-19 outbreak. Captive insurance is a substitute for self-insurance, where a parent group establishes a licensed insurance provider to provide insurance for itself. дальше »
2022-12-7 19:31 | |
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DeFi Risk-Sharing Protocol Nexus Expects Loss on Maple Credit Pool Investment as FTX Contagion Widens
Nexus Mutual, which offers an insurance alternative for decentralized finance traders, deposited some $19 million in ETH to Maple’s wrapped ether credit pool, which was rocked by Orthogonal Trading’s recent default. дальше »
2022-12-6 02:52 | |
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GK8 increases insurance cap on digital assets to $1B
Institutional customers storing Bitcoin and other digital assets in GK8’s cold vault will receive up to $1 billion in insurance coverage. дальше »
2022-11-29 00:30 | |
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AgoraBank Ushers In The Future Of Banking
The finance industry has long been under the control of centralized corporations like banks, insurance companies, stockbrokers, etc. , who operate as exclusive, profit-focused middlemen that people cannot access financial services. дальше »
2022-11-16 02:37 | |
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White House Goes Back to the Future With FDIC Chair Pick Gruenberg
President Joe Biden has chosen to nominate Federal Deposit Insurance Corp. (FDIC) Acting Chairman Martin Gruenberg to return to the chairmanship he held in previous administrations. The FDIC will have a key role in how crypto will mesh with the U. дальше »
2022-11-15 01:27 | |
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Binance tops up SAFU fund to $1B USD after Bitcoin volatility
In the face of alarming BNB Volatility, Binance has topped up its emergency Insurance Fund ‘SAFU’ with over $700 million to safeguard its funds. Binance tops up SAFU fund The world’s largest cryptocurrency exchange platform, Binance, has topped up its… дальше »
2022-11-10 22:46 | |
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Binance tops up SAFU fund at $1 billion amid price fluctuations
Binance CEO CZ took to Twitter to assure users that the crypto exchange's insurance funds have been topped off at $1 billion as the debacle with FTX rages on. дальше »
2022-11-9 13:37 | |
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‘Crypto CAT Bonds’ – A Killer App for Digital Assets?
In this issue of Money Reimagined, Michael Casey delves into the potential that innovative crypto insurance providers have to, on the one hand, address real-world risk management challenges and, on the other, foster practices that bring some stability, security and adoption to decentralized finance. дальше »
2022-10-29 20:02 | |
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Western Union may be planning to expand its digital offerings far beyond remittances
Trademark applications seem to hint at an asset and commodities exchange, insurance, and Western Union’s own token as it faces increasingly diverse competition in the remittances market. дальше »
2022-10-26 22:15 | |
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Stablecoins Could ‘Fundamentally Alter’ Banking System, Says US FDIC Chief
Stablecoins could have such a profound effect on the established banking system that U.S. regulators need to require that the digital tokens fit in without disrupting it, said Martin Gruenberg, the acting chairman of the Federal Deposit Insurance Corp. дальше »
2022-10-21 17:00 | |
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Top 5 Insurance Tokens Below $0.1 Price Mark to Watch in October 2022
Insurance tokens offer defense against capital losses and cryptocurrency theft, a good risk management platform for investors and traders. Insurance Tokens have a growing total market capitalization of $412,587,137 and a trading volume of $6,855,124. дальше »
2022-10-8 16:00 | |
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Matrixport secures USD 50M insurance coverage from Canopius for digital assets held with Cactus Custody
Matrixport, one of the world's largest digital assets financial services ecosystems, has announced the securing of $50 million of insurance coverage for digital assets held in cold storage with CactusThe post Matrixport secures USD 50M insurance coverage from Canopius for digital assets held with Cactus Custody appeared first on AMBCrypto. дальше »
2022-10-4 15:15 | |
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Protocol level insurance for DeFi with no exclusions – the future of InsureTech? – SlateCast #20
FairSide is a DeFi insurance protocol that aims at offering the most comprehensive and fair cover. The post Protocol level insurance for DeFi with no exclusions – the future of InsureTech? – SlateCast #20 appeared first on CryptoSlate. дальше »
2022-9-27 22:00 | |
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Crypto Exchange Bits of Gold Secures Capital Markets License From Israeli Regulator
Bits of Gold, an Israeli-based crypto trading and brokerage firm, announced securing a license from Israel’s financial market regulator, the Capital Markets, Insurance, and Savings Authority. Bits of Gold Gets the Green Light From Israeli Regulator According to Bits of… дальше »
2022-9-23 15:07 | |
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