2023-3-13 01:33 |
The New-York-based bank, which is also known to serve a number of crypto firms, was shut down by state regulators, according to a Federal Reserve announcement.
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In an effort to avoid the spread of the banking meltdown, authorities have announced the closure of another crypto-friendly bank – New York-based Signature Bank – dealing a severe blow to the crypto industry.
2023-3-13 12:00 | |
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Signature Bank — a New York-based lender focused on servicing companies in the crypto industry — has shut down. The post Regulators take control of Signature Bank appeared first on CryptoSlate.
2023-3-13 10:20 | |
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Circle Internet Financial’s $3. 3 billion cash reserves problem was seemingly solved Sunday when federal regulators promised that depositors of failed Silicon Valley Bank would be made whole in short order.
2023-3-13 04:55 | |
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In a joint statement, federal banking and finance regulators said depositors will be made whole.
2023-3-13 01:29 | |
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New York-based Signature Bank, which has a number of crypto clients, was shut down Sunday by state regulators, the Federal Reserve announced.
2023-3-13 01:25 | |
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An emergency plan to rescue startups and tech companies affected by the Silicon Valley Bank collapse is underway in the United Kingdom.
2023-3-13 18:38 | |
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Silvergate and Silicon Valley Bank implosions forced the crypto market lower as regulators in the U.S. press on
2023-3-13 17:38 | |
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Janet Yellen said in an interview on March 12 that U.S. regulators are working to address Silicon Valley Bank collapse, but not considering a major bailout.
2023-3-13 17:29 | |
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A petition urging regulators to step in claims that nearly 40,000 of all depositors at Silicon Valley Bank are small businesses.
2023-3-13 05:06 | |
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Circle’s USDC, the second-largest stablecoin with a market capitalization of $43b, has been hit by the collapse of Silicon Valley Bank (SVB). On Friday, regulators in California placed the bank under receivership, leaving investors needing clarification on the return of…
2023-3-13 20:50 | |
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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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Silicon Valley Bank, one of the reserve banking partner for Circle's USDC stablecoin, was shut down by regulators on Friday.
2023-3-11 06:52 | |
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California-based Silicon Valley Bank (SVB), a unit of SVB Financial Group, has been shut down, according to an announcement from financial regulators on March 10. The post Circle, BlockFi may have exposure to Silicon Valley Bank; other firms deny exposure appeared first on CryptoSlate.
2023-3-11 02:20 | |
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Silicon Valley Bank, the 18th largest bank in the U.S. by total assets, was closed down by regulators today after it suffered a bank run. Biggest Bank Failure Since the...
2023-3-11 20:11 | |
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Silicon Valley Bank was shuttered by the California Department of Financial Protection and Innovation on Friday, marking the second bank to shut down within days. The startup-focused bank counted a number of major crypto venture capital firms as clients.
2023-3-11 19:50 | |
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Quick Take Signature bank halted after dropping a record 22%, while 30% down in the past five days. The post Banks halted on exchanges, Silicon Valley Bank now closed by California regulators appeared first on CryptoSlate.
2023-3-11 19:21 | |
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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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2023-3-7 20:01 | |
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Silvergate Bank lost more than $8 billion in deposits from its crypto customers in the final months of 2022 as its core block of business crumbled under the industry’s implosion – just as the bank’s regulators had predicted might happen for such institutions.
2023-3-4 01:02 | |
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Silvergate Bank is being hollowed out as its customers retreat following the disclosure that it has to reassess its financials and may not be a "going concern" within a year. The prominent California-based crypto bank's future gets increasingly murky.
2023-3-3 04:24 | |
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Stablecoins are facing the wrath of regulators amid doubts over reserves and contagion fears. Could a bank run lead to a major depegging?
2023-3-2 17:30 | |
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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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Custodia Bank’s CEO says crypto will find its way into the traditional banking system and regulators could be playing ‘whack-a-mole’ years down the road.
2023-2-22 01:52 | |
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Zambia’s central bank and securities regulators are currently testing the technology to regulate cryptocurrencies. The country is already putting in place the infrastructure required to help The post Zambian authorities testing technology for crypto regulation appeared first on AMBCrypto.
2023-2-20 11:00 | |
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In a Twitter thread, Custodia Bank founder and CEO Caitlin Long said that she provided evidence to law enforcement about a crypto crime months before the company collapsed and left millions of customers in the lurch.
2023-2-19 16:44 | |
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The Bank for International Settlements is spearheading a project that will look into tech tools that could help regulators form policy frameworks for stablecoins based on data.
2023-2-8 16:00 | |
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Local regulators have begun setting up "authorization and supervision" activities mandated by the bloc's forthcoming MiCA rules.
2023-2-7 16:16 | |
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But that shouldn’t disqualify blockchain technology, and regulators should steer clear of extreme measures, the former governor of India’s central bank told CoinDesk in Davos.
2023-1-18 03:51 | |
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But that shouldn’t disqualify blockchain technology, and regulators should steer clear of extreme measures, the former governor of India’s central bank told CoinDesk in Davos.
2023-1-19 03:51 | |
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European Central Bank (ECB) board member Fabio Panetta believes regulators should treat trading in unbacked crypto assets in the same manner as gambling.
2023-1-4 17:05 | |
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The Monetary Authority of Singapore had its reasons, and there was nothing more it could have done about the FTX threat any way, just like other national regulators.
2022-11-23 00:40 | |
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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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In a media press release dated November 11, 2022, the Monetary Authority of Singapore (MAS) and the New York Fed announced a collaboration project (Project Cedar) to explore potential enhancements to cross-border payments using wholesale Central Bank Digital Currencies (CBDCs).
2022-11-13 16:12 | |
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Silvergate is no longer on track to launch its own Stablecoin this year, though CEO Alan Lane said the company continues to work closely with regulators on the matter.
2022-10-19 20:47 | |
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Cunliffe listed ways the technology that underlies crypto could make traditional asset trading more efficient, but added it did not mean regulators should ignore the risks.
2022-9-29 16:18 | |
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Russia’s deputy finance minister Alexei Moiseev has said that the country’s apex bank and the finance ministry reached an agreement that would allow the use of cryptocurrency for international payments, Russia-based Kommersant reported on September 22.
2022-9-23 20:08 | |
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The two regulators have agreed on a draft bill saying that using bitcoin and cryptocurrencies is necessary for international trade amid the current climate.
2022-9-23 18:52 | |
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The Thai SEC has tightened rules related to the crypto market, while the central bank is receiving more powers to regulate the market. The post Regulators Tighten Crypto Market Rules in Thailand appeared first on BeInCrypto.
2022-9-12 08:45 | |
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U.S. regulators have largely fenced off the banking system from heavy involvement in the crypto industry, and that’s a status that the acting head of the Office of the Comptroller of the Currency intends to maintain.
2022-9-7 17:58 | |
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Crypto-friendly digital bank Revolut is under pressure from U.K. regulators after "unacceptably high" risk of "material misstatement" was highlighted in the auditing of its accounts, the Financial Times reported Monday.
2022-9-6 15:49 | |
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If the metaverse grows, households might rely more on crypto and banks and financial institutions might have greater exposure, Bank of England researchers said.
2022-8-9 20:06 | |
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Digital money is drawing the attention of the public, regulators, and governments worldwide. Several central banks are already at different stages of exploring the role of Central Bank Digital Currencies (CBDCs) in the monetary and payments systems.
2022-7-28 15:22 | |
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The Bank of England deputy governor said the recent crypto collapse does not mean crypto is ‘over,’ and regulators should accelerate rulemaking.
2022-7-12 15:25 | |
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Сторонник золота и критик первой криптовалюты Питер Шифф сообщил, что готов продать свой банк Euro Pacific за биткоин и любой другой цифровой актив. Actually yes, I would sell the bank for anything if regulators let me sell it.
2022-7-12 17:58 | |
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Gold bug Peter Schiff says he would accept payment in bitcoin (BTC) in the event regulators allowed him to sell his embattled bank, Euro Pacific. The post Peter Schiff Would Accept Bitcoin in Sale of Embattled Euro Pacific Bank appeared first on BeInCrypto.
2022-7-10 15:00 | |
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Сторонник золота и критик первой криптовалюты Питер Шифф рассказал, что регуляторы Пуэрто-Рико закрыли его банк Euro Pacific, «несмотря на отсутствие доказательств преступлений». Despite no evidence of crimes, Puerto Rico regulators closed my bank anyway for net capital issues, rather than allow a sale to a highly qualified buyer promising to inject capital far in excess of regulatory minimums.
2022-7-4 14:25 | |
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Puerto Rico regulators closed down Schiff’s bank for not maintaining the net minimum capital requirements. As a result, customers lost access to their accounts following a subsequent freeze.
2022-7-4 12:09 | |
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Caitlin Long said bankruptcies were inevitable the moment bitcoin “started being leveraged, rehypothecated, or financialized with debt.”
2022-7-2 21:44 | |
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Thomas Moser hinted that regulations might take time, as they could wipe out decentralized ecosystems like DeFi.
2022-6-27 14:19 | |
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Stagflationary U.S. economic data and hawkish remarks from a Fed speaker appeared to sour the bullish mood.
Bitcoin's price has surpassed $65,000 after the cryptocurrency dropped below $57,000 last week.
Custodia Bank has filed a notice of appeal on April 26, challenging a lower court's decision from March denying its attempt to officially join the U.S. banking system.
Custodia, a Wyoming-based aspiring crypto bank, filed a notice of appeal against a court ruling that affirmed the Federal Reserve's rejection of its bid for a master account and membership.
The hawkish shift in the market sentiment could dampen the demand for risk assets, including cryptocurrencies and technology stocks.
The world's largest crypto regained the $69,000 level at one point in the session before slipping a bit.
Custodia Bank’s plea for a Federal Reserve master account was rejected. Here's why.