12 / 14 Relevant items tagged with #Banks

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Over 100 VCs, investors voice solidarity with Silicon Valley Bank

[Mar 12, 2023 2:32 AM] Approximately 125 VCs and investors signed a statement supporting Silicon Valley Bank to limit the fallout of the bank’s collapse and the subsequent impact on tech companies.

Do Kwon had the right idea, banks are risk to fiat-backed stablecoins: CZ

[Mar 11, 2023 11:26 PM] Given Silicon Valley Bank’s direct involvement in destabilizing USDC prices, CZ blamed banks for increasing the risks of stablecoins.

Silicon Valley Bank failure could trigger run on U.S. regional banks

[Mar 11, 2023 8:06 PM] A petition urging regulators to step in claims that nearly 40,000 of all depositors at Silicon Valley Bank are small businesses.

Banks down? That is why Bitcoin was created, crypto community says

[Mar 11, 2023 9:38 AM] Silicon Valley Bank (SVB) collapse on March 10 has sparked fear, doubt, and uncertainty (FUD) across the crypto community.

USDC depegs as Circle confirms $3.3B stuck with Silicon Valley Bank

[Mar 10, 2023 11:05 PM] At the time of writing, USDC lost 3% of its value as it traded at $0.969, and a Circle executive envisions broader implications for business, banking and entrepreneurs without a Federal rescue plan.

Circle's exposure to U.S. banks could top $9B

[Mar 10, 2023 3:15 PM] Circle's reserves are held in a number of banks in the United States, including Silvergate, Silicon Valley Bank, and Bank of New York (BNY) Mellon.

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.

Silicon Valley Bank shut down by California regulator

[Mar 10, 2023 11:04 AM] 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).

Crypto industry braces for impact with Silvergate exit

[Mar 9, 2023 3:30 PM] Silvergate may not pose a systematic risk for the U. S. banking system, but it could raise risks related to banking concentration and introduce new challenges for venture capital firms sources claim.

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.

Ukraine’s central bank sees both promises and threats in Bitcoin

[Mar 9, 2023 7:40 AM] The central bank of Ukraine sees crypto as a threat to macro-financial stability and a promising opportunity for better payments at the same time.

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…

Silvergate Capital Corporation will ‘voluntarily liquidate’ Silvergate Bank

[Mar 8, 2023 3:43 PM] The company claimed that the bank's voluntary liquidation is its best path forward due to recent industry and regulatory developments.

Gemini’s banking relationship with JPMorgan ‘remains intact’

[Mar 8, 2023 3:15 PM] In a brief and straightforward message, crypto exchange Gemini denied rumors, saying its banking relationship with JPMorgan remains intact.

Pakistan banks agree on blockchain-based KYC system development

[Mar 6, 2023 1:30 AM] The blockchain-based national eKYC banking platform is aimed at strengthening anti-money laundering (AML) capabilities while countering terror financing.

Pakistan Banks to Use Blockchain Technology for KYC

[Mar 5, 2023 10:30 PM] Banks in Pakistan plan to launch an electronic platform for know-your-customer procedures that will be operating on a national level. The blockchain-based system will allow them to exchange the personal information of customers through what they…

Bybit halts USD bank transfers citing partner outages

[Mar 4, 2023 2:43 PM] Dubai-based Bybit is the latest crypto exchange to suspend USD wire transfers claiming partner disruptions.

Silvergate closes Exchange Network, releases $9.9M to BlockFi

[Mar 4, 2023 10:02 AM] The bank is discontinuing its crypto payment network, claiming the termination is a risk-based decision.

UK banks HSBC, Nationwide to ban crypto purchases with credit cards: Report

[Mar 2, 2023 3:55 PM] The banks join a growing list of financial institutions in the country tightening restrictions on digital assets.

Russian bank issues first on-chain bank guarantee in Chinese yuan

[Mar 2, 2023 3:00 PM] The transaction was performed through the Masterchain blockchain platform, which is the Russian national blockchain network.

HSBC, Nationwide Banks Crack Down On Bitcoin And Crypto Access

[Mar 2, 2023 1:45 PM] Two of the U.K.’s largest banks have imposed further restrictions on their customers’ ability to acquire cryptocurrencies.British banks have continued to crack down on their customers' cryptocurrency purchases. According to a Bloomberg report…

UK banking regulator to propose crypto issuing, holding rules after Basel 3 finalized

[Feb 27, 2023 3:30 PM] The Bank of England Prudential Regulatory Authority will facilitate international economic growth under the Financial Services and Markets bill now in Parliament.

Crypto Exchanges Allow Russians to Circumvent Sanctions, Report Alleges

[Feb 25, 2023 11:00 PM] Major crypto exchanges have failed to prevent sanctioned Russian banks and traders from transacting, according to a blockchain forensics report. At least two established coin trading platforms continue to allow Russians to use their bank cards in…

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.

FDIC-insured Citizens Trust Bank to hold $65M in USDC reserves

[Feb 24, 2023 12:00 PM] The Atlanta, Georgia-based bank joined the Federal Reserve System in 1947 and is classified as a minority-owned depository institution.

Bank of Russia to Start Testing Digital Ruble With Real Users on April 1

[Feb 19, 2023 11:30 PM] The Central Bank of Russia plans to launch test operations with digital ruble transactions between real customers at the beginning of April. More than a dozen banks will join the upcoming stage of the pilot project, a high-ranking representative of…

MakerDAO voting on $100M loan participation with Florida commercial bank

[Feb 17, 2023 3:50 PM] Florida's Cogent Bank is proposing a $100 million participation in loans to MakerDAO's RWA Master Participation Trust.

Industrial Giant Siemens Issues €60 Million Digital Bond on Blockchain

[Feb 15, 2023 11:00 PM] German conglomerate Siemens has for the first time issued a blockchain-based digital bond denominated in euros. In an announcement, the corporation highlighted the benefits of using blockchain, including the opportunity for direct sale to…

Proposed EU parliament rule could have banks apply 1,250% risk weight to crypto exposure

[Feb 13, 2023 10:15 AM] The proposed rule change, putting crypto at one of the highest risk ratings at financial institutions, could go into effect until December 2024.

Crypto bank Silvergate ranks as the second most-shorted stock on Wall Street

[Feb 12, 2023 1:28 PM] Over 72% of Silvergate Capital Corp stocks were shorted as of Jan. 31, shows FINRA's latest data.