The Banking Crisis Has Been Good for Stablecoin Experimentation
[Mar 16, 2023 11:33 AM]
7 / 8 Relevant items tagged with #Banking
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Blame traditional finance for the collapse of Silicon Valley Bank
[Mar 15, 2023 5:27 PM] Silicon Valley Bank’s downfall was a product of traditional finance — critics shouldn’t conflate the issue with cryptocurrency.
‘AI can be defeated with cryptography,’ says Chelsea Manning at SXSW
[Mar 15, 2023 8:01 AM] Cointelegraph sat down with activist and cybersecurity expert Chelsea Manning to discuss how blockchain technology can combat challenges associated with artificial intelligence.
Signature Bank and former executives sued by shareholders for alleged fraud
[Mar 14, 2023 2:00 PM] Shareholders have accused the bank of falsely claiming to be “financially strong” just three days before it was seized by the state regulator.
Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders
[Mar 14, 2023 1:30 PM] The parent company of Silicon Valley Bank, SVB Financial Group, and two senior executives have been sued by shareholders after SVB’s collapse last Friday. The proposed class action accuses SVB of hiding the fact that interest rate hikes would…
Silicon Valley Bank was the tip of a banking iceberg
[Mar 14, 2023 10:27 AM] Bank forecasting needs to become more than a “check-the-box” motion for regulatory compliance. It needs to be treated as a strategic decision-making tool.
Banks collapsing; stablecoins depegging — What is happening? Watch The Market Report live
[Mar 14, 2023 10:00 AM] On this week’s episode of The Market Report, Cointelegraph’s resident experts explain what is going on with banks collapsing, stablecoins depegging and what you should do to stay safe.
Marathon Digital: Deposits held at Signature Bank are secure and available
[Mar 13, 2023 4:38 PM] The company disclosed that it has approximately $142 million in cash deposits at Signature Bridge Bank, which was set up by the FDIC after the shutdown of Signature Bank.
US banks experience volatility and trading halts amid bank failures and presidential assurances
[Mar 13, 2023 1:45 PM] Dozens of regional banks saw share price swings that triggered trading halts as banks of all sizes feel the impact of last week’s bank failures.
BlockFi in no immediate danger, despite Silicon Valley Bank exposure: Report
[Mar 13, 2023 1:30 PM] Christine Okike, a lawyer representing BlockFi at its bankruptcy hearing claimed that BlockFi is not in immediate danger and has sufficient funds to continue operating normally.
As Banking Collapses Erode Trust, Bitcoin Fixes Moral Hazard
[Mar 13, 2023 10:36 AM] As the underlying issues in our economy are exposed by recent banking failures, Bitcoin stands as a trustless, alternative money.This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in…
Circle taps Cross River as banking partner, expands ties with BNY Mellon
[Mar 13, 2023 5:47 AM] Circle announced a new banking partner after Silicon Valley Bank’s failure, and is expanding ties with BNY Mellon.
Breaking: Silicon Valley Bank UK arm acquired by HSBC for one pound
[Mar 13, 2023 1:43 AM] Banking giant HSBC announced that its U.K. arm is acquiring Silicon Valley Bank UK Limited (SVB UK) for one pound ($1.21).
Ripple CEO assures ‘strong financial position’ despite SVB collapse
[Mar 12, 2023 5:42 PM] In a short tweet thread with no specifics, Garlinghouse said the SVB situation would not disrupt daily operations.
Silicon Valley Bank Failure Highlights Dangers of Fractional-Reserve Banking
[Mar 12, 2023 2:30 PM] After the failure of Silicon Valley Bank (SVB), a great deal of Americans are starting to realize the dangers of fractional-reserve banking. Reports show that SVB suffered a significant bank run after customers attempted to withdraw $42 billion…
USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity
[Mar 11, 2023 10:30 AM] On Saturday, March 11, 2023, crypto advocates are concerned as a few stablecoin assets have depegged from their $1 parity. The second-largest stablecoin USDC, issued by Circle Financial, fell below $0.90, reaching a low of $0.877 per coin…
Signature Bank Considered a Buy as Last Major Bank Standing in Crypto Market Amid Silvergate and SVB Troubles
What does the Silvergate collapse mean for crypto?
[Mar 10, 2023 1:15 PM] The recent collapse of crypto-friendly bank Silvergate will likely increase regulatory scrutiny on the ties between the crypto industry and the banking sector in the U.S.
US senators write to banking regulators about potential crypto discrimination
[Mar 10, 2023 12:30 PM] The four Republican senators sense hints of the Obama administration’s Operation Choke Point that used regulation against disfavored industries.
Nigerian president-elect aims to use blockchain technology in the banking sector
[Mar 10, 2023 7:04 AM] The Nigerian president-elect wants to review existing SEC digital asset regulations to stimulate economic growth.
US bank woes? Silicon Valley Bank stocks plunge 1 day after Silvergate downfall
[Mar 9, 2023 8:40 PM] Concerns have been raised around the financial health of the tech-focused bank, which services the likes of crypto-friendly VCs such as Sequoia and a16z.
Banks with crypto services require new Anti-Money Laundering capabilities
[Mar 9, 2023 8:41 AM] Large financial institutions are getting involved in digital assets by investing capital, time and effort into on-chain analytics solutions.
Silvergate Bank Announces Liquidation And Winding Down Of Operations
[Mar 8, 2023 6:30 PM] Once a major banking partner for various cryptocurrency firms, Silvergate will end its operations in line with regulatory requirements.In a press release shared on Wednesday, Silvergate Capital Corporation, the holding company for Silvergate Bank…
Crypto distribution is uneven among banks as prudential exposure rises: BIS report
[Mar 1, 2023 3:45 PM] One bank accounts for almost 62% of all crypto asset prudential exposure; almost two-thirds of banks holding crypto are in the Americas.
US agencies recommend old risk management principles for crypto liquidity
[Feb 25, 2023 4:00 AM] The joint statement highlighted the key liquidity risks associated with crypto-assets and related participants for banking organizations.
US Federal Reserve denies Custodia Bank's request for Fed supervision
[Feb 23, 2023 5:10 PM] The Federal Reserve Board has denied the request from crypto-focused Custodia Bank to reconsider its membership to the Federal Reserve System.
CZ denies report Binance is considering major breakup with US business partners
[Feb 17, 2023 1:00 PM] The Binance CEO contradicted a Bloomberg source concerning reducing the company’s activities after increasing pressure from U.S. regulators.
LevelField Financial To Become First FDIC-Insured Bank to Offer Traditional Banking And Bitcoin Services
[Feb 1, 2023 1:28 PM] LevelField Financial is set to acquire Burling Bank in a move that would enable access to bitcoin for traditional banking customers.Once the acquisition is approved by regulatory authorities, LevelField Financial will be able to expand its services…
Top 5 Bitcoin documentaries to add to your watchlist
[Jan 31, 2023 8:00 AM] Bitcoin documentaries can serve as a tool for advocacy, helping to promote the adoption and acceptance of Bitcoin and other cryptocurrencies.
Fed denies Custodia Bank application to join the Federal Reserve System
[Jan 27, 2023 11:02 AM] The bank applied for the application in 2019 and sued the Fed in an attempt to speed up the decision.