10 / 14 Relevant items tagged with #Banks

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CryptoUK calls on regulators to address de-banking of digital asset firms

[Mar 21, 2023 11:30 AM] The trade association said many banks in the U.K. had begun imposing blanket bans on dealing with crypto firms “instead of taking a risk-based and case-by-case approach.”

SVB contagion: Australia reportedly asks banks to report on crypto

[Mar 21, 2023 4:48 AM] Australia’s prudential regulator has reportedly told banks to improve reporting on crypto assets and provide daily updates.

Coinbase pauses support for Signature Bank’s Signet: Report

[Mar 20, 2023 3:00 PM] The U.S. crypto exchange was reportedly looking for another payment network provider and waiting on the outcome of the situation with Signature.

In the aftermath of banks’ horrorshow: Law Decoded, March 13–20.

[Mar 20, 2023 2:30 PM] A week after the twinning collapse of Silicon Valley Bank (SVB) and Signature Bank, and the trouble at Credit Suisse, the dust is slowly settling down.

First Republic Bank’s Shares Downgraded to Junk Status by S&P Global; Stock Slides More Than 25% Lower

[Mar 20, 2023 11:30 AM] After UBS acquired Credit Suisse and close to a dozen financial institutions injected $30 billion into First Republic Bank four days ago, S&P Global downgraded First Republic’s shares to junk status on Sunday. Investors are concerned that…

Rattled crypto industry could emerge stronger after USDC depeg

[Mar 20, 2023 7:41 AM] Did the depegging reveal stablecoins’ limitations, or was it a learning moment?

Blockchain to Become More Relevant in Payments This Year, Sberbank Exec Says

[Mar 20, 2023 5:30 AM] Blockchain technology can help solve current issues with settlements, according to the deputy chief executive of Sberbank. Russia’s largest bank is working with other financial institutions to develop blockchain-based payment applications, the…

Australian Banking Association’s cost of living inquiry reveals bank pressure

[Mar 20, 2023 1:47 AM] An analysis of the rising inflation and concurrent collapse of Silicon Valley Bank proved that more than 186 banks in the U.S. are at risk of a similar shutdown if depositors decide to withdraw all funds.

Bitcoin hits $28k as uncertainty surrounds banks

[Mar 19, 2023 2:47 PM] Bitcoin's price surged to surpass the $28,000 zone, marking a 16% boost in value in the past 7-days

UBS Group doubles offer and acquires Credit Suisse for $2B

[Mar 19, 2023 12:49 PM] Swiss authorities agreed to change the country's regulations to bypass a shareholder vote and announce the deal over the weekend.

Credit Suisse rescue plan may include nationalization, bondholder losses

[Mar 19, 2023 10:10 AM] A bank rescue plan for Credit Suisse may impose losses on its bondholders and even result in a full or partial nationalization of Credit Suisse Group AG.

Peter Schiff blames ‘too much gov’t regulation’ for worsening financial crisis

[Mar 19, 2023 1:04 AM] Finding the right balance between regulations and banking institutions is important for Schiff, considering that Puerto Rico regulators closed down Schiff’s bank due to non-compliance.

Chair of EU Parliament’s Committee on Budgets Calls for Crypto Ban Amid Banking Turmoil

[Mar 19, 2023 1:00 AM] A European lawmaker has urged authorities to impose a ban on cryptocurrencies citing the current crisis in the banking sector as a reason. Johan Van Overtveldt, former finance minister of Belgium, believes these assets bring no economic or social…

Former Coinbase CTO makes $2M bet on Bitcoin's performance

[Mar 18, 2023 3:06 PM] Balaji Srinivasan has predicted Bitcoin will reach $1 million within 90 days as a consequence of hyperinflation in the United States.

UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal

[Mar 18, 2023 2:30 PM] After Credit Suisse Group AG announced it would borrow 50 billion Swiss francs from the Swiss National Bank, UBS Group AG is reportedly considering acquiring the banking giant. However, UBS is requesting that the government issue a backstop to…

More 186 US banks well-positioned for collapse, SVB analysis reveals

[Mar 17, 2023 11:33 PM] Rising interest rates, which brought down the U.S. banking system’s market value of assets by $2 trillion, combined with a large share of uninsured deposits at some U.S. banks, threatens their stability.

Congress announces March 29 hearing into failures of SVB and Signature Bank

[Mar 17, 2023 3:59 PM] According to the House Financial Services Committee, it expects to hold multiple hearings on “getting to the bottom” of the banks’ failures.

DeFi sees its biggest hack in 2023 as Euler loses $197M: Finance Redefined

[Mar 17, 2023 2:20 PM] DeFi suffered its biggest attack this year with a flash loan attack on crypto lending platform Euler Finance and the hackers are belived to be same that exploited a BSC based protocol in February.

Crypto market cap reclaims $1T, and derivatives point to further upside

[Mar 17, 2023 1:15 PM] Bitcoin's performance has outpaced Warren Buffett's Berkshire Hathaway over the past six months as crypto markets appear to have turned a corner.

Coinbase is planning to set up crypto trading platform outside US: Report

[Mar 17, 2023 12:45 PM] The reported move came amid many U.S. lawmakers and regulators taking aim at crypto firms for their perceived role in the failure of three major banks.

Banking crisis: What does it mean for crypto?

[Mar 17, 2023 11:00 AM] Cointelegraph breaks down the main events that led to the collapse of Silvergate, SVB and Signature Bank and explains what this all could mean for crypto.

US Bank Outflows and Concerns Mount: 11 Banks Bail Out First Republic Bank From Collapse

[Mar 17, 2023 8:00 AM] After the fall of Silvergate Bank, Silicon Valley Bank (SVB), and Signature Bank (SNBY), First Republic Bank, a commercial bank and wealth management services provider, is the latest financial institution to receive a bailout. Close to a dozen…

Silicon Valley Bank's Former Parent Company Files for Bankruptcy

[Mar 17, 2023 6:37 AM] The company said on Friday it had filed for court-supervised reorganization in the United States Bankruptcy Court for the Southern District of New York to preserve value.

US Bank collapse — Was crypto being targeted?

[Mar 17, 2023 6:15 AM] The latest episode of Decentralize with Cointelegraph unpacks whether U.S. regulators are targeting the crypto ecosystem through closure of SVB and Signature Bank.

A Recap Of Last Week’s Banking Contagion And Bitcoin

[Mar 16, 2023 1:11 PM] So much has happened in the last week that it may be helpful to look at the totality of these events in relation to bitcoin. This is an opinion editorial by Dillon Healy, institutional partnerships at Bitcoin Magazine and Bitcoin 2023.The biggest…

Blockchain Association seeks info from Fed, FDIC and OCC on ‘de-banking’ crypto firms

[Mar 16, 2023 10:45 AM] The association submitted Freedom of Information Act requests as part of an investigation into how regulators’ actions “improperly contributed” to the collapse of three banks.

As The U.S. Sees Its Second-Biggest Banking Collapse Ever, Bitcoin Is Just Becoming Stronger

[Mar 16, 2023 8:45 AM] As the U.S. witnessed one of the largest banking collapses in its history, Bitcoin is being innovated upon and seeing its network grow. This is an opinion editorial by Carlos Cardenas, an institutional account manager who has worked at legacy banks…

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.

Crypto firms may turn to ‘shadow banks’ following major collapses — Molly White

[Mar 15, 2023 3:49 PM] Speaking at the SXSW conference in Austin, Molly White compared crypto companies' current predicament to that in 2017 and 2018, when they had “trouble accessing banking”.

Senator Warren says Fed chair 'has to recuse himself' from reviewing regulatory failures

[Mar 15, 2023 2:30 PM] Jerome Powell called for a “thorough, transparent, and swift review” of the Federal Reserve's supervision and regulatory activities following Silicon Valley Bank's closure.