2020-7-24 23:35 |
Out of the nearly $8 billion in deposit growth that Signature Bank saw in the second quarter of 2020, $1 billion was raked in by the firm’s digital assets team.
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By CCN Markets: Donald Trump might not like bitcoin, but he's doing an excellent job creating the economic conditions in which the leading cryptocurrency can thrive. Need proof? Just look at the US national debt, which crossed the $22 trillion mark in February and has ballooned by nearly $400 billion more in the six months […] The post HODL Bitcoin: Trump Signature Hikes National Debt by $1.7 Trillion appeared first on CCN Markets
2019-8-21 21:01 | |
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Nellie Liang, the U.S. Treasury Department's undersecretary for domestic finance, doesn’t believe that the digital assets sector should be blamed for the runs on Silicon Valley Bank (SVB) and Signature Bank that led to their quick demise earlier this month.
As the wreckage that started inside crypto banking threatens financial institutions beyond the sector’s border, the federal government is eager to make it clear that it’s not going to let it get out of hand. But is it a bailout?
The Federal Reserve and other U.S. banking agencies are warning banks that crypto poses significant liquidity dangers, according to a joint statement issued Thursday, further reinforcing their campaign to generally steer lenders away from digital assets.
Administrative expenses from the bankruptcy proceedings have already topped $53 million, and continued delays are chipping away at Celsius’ estate.
Bitcoin deposits into exchanges have become a popular on-chain data point, but some say this metric can be misleading.
Deposits at crypto-friendly Signature Bank grew by $4.11 billion, an 8% increase, in the third quarter of 2020.