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Biden admin deliberately killed off Silvergate to ‘decapitate’ crypto — Nic Carter

[Sep 26 5:03 AM] The now-bankrupt Silvergate Bank was forced to cap its crypto deposits at 15% under threat of being shut down by US regulators, claims Castle Island Ventures partner Nic Carter.

New York Community Bancorp Counters Moody’s Junk Status, Asserts Strong Deposits

[Feb 8 7:30 AM] Just one week following a dramatic plunge in New York Community Bancorp’s shares, which tumbled 40% in a single day at January’s close, Moody’s Investors Service downgraded the bank’s credit rating to junk status. The bank’s…

BitMEX Co-Founder Backs Solana Amidst Fears of Another US Bank Collapse

[Feb 1 7:00 PM] In a post on X, Arthur Hayes, the co-founder of the derivatives crypto exchange BitMEX, said it might be time for traders to double down on Solana (SOL) and altcoins in general. Hayes’s comments come at a time of heightened volatility in the…

New York Community Bancorp Grapples With 40% Share Drop Following Disappointing Earnings Report

[Jan 31 12:30 PM] New York Community Bancorp (NYCB) faced significant challenges on Wednesday, with its shares plummeting by over 40%, prompting a halt in trading. Currently, NYCB shares have experienced a decline of just above 36%, trading at $6.61 per share. Last…

New York Community Bancorp Shares Tumble After Earnings Miss, 71% Dividend Cut

[Jan 31 9:30 AM] The bank took over defunct Signature Bank's non crypto-related deposits last year.

An In-Depth Look Into the 2023 Banking Crisis — 3 of the Largest Bank Failures in US History

[Dec 28, 2023 12:30 AM] The U.S. economy experienced an interesting year in 2023, marked by unprecedented upheaval within the American banking sector due to the combined collapse of three major banks, the largest the nation has historically seen. Amidst this chaos, crypto…

Tether adds Bahamas-based private bank Britannia as partner: Report

[Aug 29, 2023 4:56 PM] Tether’s reported new partnership with Britannia Bank makes it the third Bahamas-based bank to join forces with the stablecoin issuer.

Warren’s alleged work with short-seller shows anti-crypto army heating up

[Jun 3, 2023 3:49 PM] Elizabeth Warren reportedly took advice from Wall Street short-seller Marc Cohodes, who cashed in on the collapse of Silvergate and Signature banks.

Stablecoins are a critical countermeasure to Operation Chokepoint

[Jun 2, 2023 11:24 AM] Stablecoins could help crypto firms to remove themselves from the banking system — and prevent the U.S. government from cutting off their financial lifelines.

Silvergate Bank Faces Regulatory Deadline for Self-Liquidation Plan

[Jun 2, 2023 8:30 AM] In a recent press release from the U.S. Federal Reserve Board of Governors, it was disclosed that Silvergate Bank has been given a ten-day deadline to submit a plan outlining its self-liquidation procedure and the systematic cessation of…

Former House Rep blames industry outsiders for associating crypto with bank’s failure

[May 31, 2023 11:30 AM] According to Barney Frank, Signature Bank’s only issue prior to regulators seizing control in March was “crypto-fear-inaccurate withdrawals."

Louisiana Senator Compares Modern Banks to ‘Sophisticated Ponzi Schemes’

[May 7, 2023 1:30 PM] Louisiana Republican senator John Kennedy recently stated in an interview published on Wednesday that the U.S. Federal Reserve may need to increase the federal funds rate to 8-10% to address the country’s inflationary pressures…

US regional bank shares sink despite Fed calling banking system 'sound'

[May 3, 2023 10:47 PM] PacWest Bancorp was the hardest hit bank after-hours on Wednesday, falling over 50% following a reported plan to explore strategic options.

JPMorgan Chase Assumes Control of First Republic Bank Following Seizure by California Regulators

[May 1, 2023 6:35 AM] On May 1, 2023, the California Department of Financial Protection and Innovation (DFPI) seized First Republic Bank, placing it into Federal Deposit Insurance Corporation (FDIC) receivership. According to reports, this move came after the…

Reports by Fed and FDIC Reveal Vulnerabilities Behind 2 Major US Bank Failures

[Apr 29, 2023 12:00 PM] On Friday, Michael Barr, the vice chair for supervision at the U.S. Federal Reserve, published a report on the vulnerabilities that led to the ultimate failure of Silicon Valley Bank (SVB). In addition, Marshall Gentry, the chief risk officer of…

Fed, NYDFS assess their supervisory performance after March’s big bank failures

[Apr 28, 2023 3:39 PM] Internal reviews of the supervision of Silicon Valley Bank and Signature Bank have been released, showing weaknesses on the part of the banks’ regulators as well as management.

Signature Bank Failed Because of Mismanagement, Contagion, FDIC Report Says

[Apr 28, 2023 11:00 AM] The federal banking regulator said Signature’s exposure to crypto industry deposits was also a contributing factor to its failure.

First Mover Americas: Bitcoin Regains $29K

[Apr 26, 2023 6:12 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for April 26, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

CBDC Debate Heats Up: BIS Project Sparks Controversy Among Critics; Lynette Zang Warns of Dangers of CBDCs

[Apr 16, 2023 1:30 PM] During the weekend, discussions about central bank digital currencies, or CBDCs, trended on social media as many people believe the idea will result in increased financial surveillance and a totalitarian monetary system. In a recent interview…

Blackrock CEO Expects Inflation to Persist, but No Major US Recession in 2023

[Apr 15, 2023 1:30 PM] Blackrock’s CEO, Larry Fink, stated in an interview on Friday that he does not anticipate a “big recession” in the United States. However, he believes that “inflation is going to be stickier for longer.” In contrast to the U.S…

US Bank Lending Drops by Record $105 Billion in Two Weeks, Trillions Moving to Money Market Accounts, Elon Musk Warns ‘Trend Will Accelerate’

[Apr 9, 2023 9:30 AM] The banking industry in the United States is still struggling after the collapse of three major banks. According to statistics, bank lending in the U.S. has dropped by close to $105 billion in the last two weeks of March, which is the largest…

Yellen Says US ‘Not Willing to Allow Contagious Bank Runs,’ Calls OPEC Oil Production Cut ‘Unconstructive’

[Apr 5, 2023 5:30 PM] Roughly 26 days ago and in the following days, the U.S. witnessed two significant bank failures when Silicon Valley Bank and Signature Bank collapsed. After speaking at an event on Monday at Yale University, Janet Yellen, the current U.S. Treasury…

'Ludicrous' idea that Signature Bank's collapse was connected to crypto, says NYDFS head

[Apr 5, 2023 3:48 PM] The superintendent of the New York Department of Financial Services reportedly dismissed claims the U.S. government was working to implement ‘Operation Choke Point 2.0’.

USDC Boasted Transparency but It Didn't Help When Silicon Valley Bank Got Into Trouble

[Apr 5, 2023 11:51 AM] The stablecoin offers greater transparency than competitors like Tether, but, unfortunately, that proved of little value as it was de-pegged during the recent banking crisis, says JP Koning.

NYDFS Chief Dismisses 'Choke Point 2.0' Theory of Signature’s Closure as 'Ludicrous'

[Apr 5, 2023 9:14 AM] Signature Bank’s takeover last month was not a part of any so-called “Operation Choke Point 2.0,” according to Adrienne Harris, superintendent of the New York Department of Financial Services (NYDFS), who called the idea “ludicrous.”

Tether 'unequivocally reiterates' no exposure to Signature Bank

[Apr 5, 2023 7:15 AM] The stablecoin provider denied the allegations that began to surface in regard to its exposure to the now-collapsed Signature Bank.

Stablecoin issuer Tether accessed US banking system using Signature: Report

[Apr 4, 2023 3:31 PM] At the time New York regulators took control of Signature in March, there was reportedly a system in place for Tether clients to send dollars though the bank's Signet platform.

Tether Gained Access to U.S. Financial System Using Signature Bank: Bloomberg

[Apr 4, 2023 2:11 PM] Tether CTO Paolo Ardoino, in response to the article, said the company has no exposure to Signature Bank.

‘Panic of 2023’: James Corbett Explains How Bank Crisis Could Lead to CBDC ‘Nightmare of Total Monetary Control’

[Mar 31, 2023 12:30 PM] Investigative journalist James Corbett has recently referred to the ongoing global banking crisis involving SVB, Signature Bank, Credit Suisse and others as the “Panic of 2023,” drawing comparisons to what he views as historical…

Stablecoin Supply Shift: TUSD Jumps 110% While Others Experience Reductions

[Mar 30, 2023 11:30 AM] Four stablecoins have reduced their supplies this month, while the stablecoin token TrueUSD (TUSD) has seen its supply jump 110% higher over the last 30 days. TUSD resides natively on four different blockchains. The number of Ethereum-based TUSD…