36 / 43 Relevant items tagged with #UnitedStates

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Binance's response to U.S. Senators lacks financial information: Report

[Mar 18, 2023 10:24 AM] Binance's Patrick Hillman answered a letter from United States Senators requesting information on Binance's operations in the country and its relationship with Binance.US.

Sam Bankman-Fried to propose revised bail package ‘by next week’

[Mar 18, 2023 5:02 AM] The move comes after a judge expressed displeasure about SBF’s use of encrypted-messaging apps and virtual private network services while on bail.

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.

MakerDAO passes proposal for $750M increase in US Treasury investments

[Mar 16, 2023 3:45 PM] The emergency proposal increases MakerDAO’s holdings of United States bonds by 150%, aiming to diversify the Dai stablecoin’s collateral exposure.

Developed markets lagging behind in digital payments: BlackRock CEO

[Mar 16, 2023 7:54 AM] In a letter to investors, BlackRock CEO Larry Fink highlighted the benefits of digital assets and said developing nations like the U.S. are lagging behind in innovation.

FDIC asked Signature buyers to stop all crypto business: Report

[Mar 16, 2023 3:10 AM] The FDIC regulators have reportedly required any buyer of Signature to agree to give up all cryptocurrency business at the bank.

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”.

Sam Bankman-Fried petitions court to prioritize reimbursing his legal fees

[Mar 15, 2023 3:00 PM] FTX's legal counsel requested insurers to advance or reimburse Bankman-Fried's defense costs and fees under the company's directors and officers (D&O) insurance.

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.

British Bank Natwest Implements New Limits on Cryptocurrency Payments to Combat UK Crypto Scams

[Mar 15, 2023 12:00 PM] On March 14, 2023, the U.K.-based bank Natwest Group announced new limits on cryptocurrency payments, citing crypto scams that cost U.K. consumers £329 million annually. The limit imposed on crypto exchanges is £1,000 daily ($1,215), with a 30-day…

US lawmaker accuses FDIC of using banking instability to attack crypto

[Mar 15, 2023 11:14 AM] The collapse of Signature Bank, Silicon Valley Bank, and Silvergate Bank has had many in the space reeling — but is the U.S. government trying to "choke off digital assets”?

Study Finds El Salvador Remains One of the Countries Most Interested in Bitcoin

[Mar 15, 2023 5:30 AM] A recent study that examined the interest of several countries in bitcoin and crypto ranked El Salvador as second for having the most interest in the issue. While the U.S. was still ranked first, El Salvador’s high rank comes amidst criticism…

SVB mixup forces India's SVC Bank to issue a notice of clarification

[Mar 15, 2023 1:16 AM] The similarity in the short forms of the two banks — SVB and SVC Bank — caused a mixup among a few Indian citizens as they took up the concern with the Mumbai-based bank.

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.

Wyoming’s private keys bill addresses growing threat to rights and assets

[Mar 14, 2023 6:53 AM] Wyoming’s new law ensures that courts won’t overstep their authority in requiring individuals to disclose their private keys.

Biden pledges ‘no cost to the taxpayer’ to shield SVB, Signature depositors

[Mar 14, 2023 2:01 AM] While the federal government’s proactive approach to minimizing damage was appreciated, many pointed out that taxpayers would ultimately suffer the depositors’ bailout.

US regulators shut down Signature Bank despite ‘no insolvency’: Report

[Mar 13, 2023 12:56 PM] “Regulators wanted to send a very strong anti-crypto message,” said former House of Representatives member and Signature Bank board member Barney Frank.

State caps or federal regulation: What's next for political crypto donations

[Mar 13, 2023 8:45 AM] The industry isn’t having the best of its moments now, but the topic of campaign donations in crypto remains a relatively safe space for innovation.

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.

Binance.US, Alameda, Voyager Digital and the SEC — the ongoing court saga

[Mar 13, 2023 1:01 AM] Court cases involving the SEC and some major crypto industry enterprises — Voyager Digital, Alameda Research and Binance.US — have continued to progress in 2023.

Silicon Valley Bank collapse: Everything that’s happened until now

[Mar 12, 2023 3:14 PM] Events surrounding Silicon Valley Bank are moving fast. Here is a breakdown of the major developments over the course of three days.

Bank of London bids to acquire Silicon Valley Bank's UK arm

[Mar 12, 2023 1:38 PM] The global clearing bank is leading a consortium of private equity firms seeking to purchase SVB's British arm.

U.S. authorities preparing 'material action' to curb SVB contagion

[Mar 12, 2023 12:12 PM] The White House assessed the impact of Silicon Valley Bank's failure over the weekend with a keen attention to venture capital firms and regional banks.

FDIC bidding for Silicon Valley Bank is in progress: Report

[Mar 12, 2023 10:56 AM] The FDIC has reportedly started an auction process on late Saturday for Silicon Valley Bank. Bids are open for just a few hours.

U.S. Treasury Janet Yellen working on SVB collapse, not at bailout: Report

[Mar 12, 2023 8:29 AM] 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.

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.

Circle plans to cover missing liquidity in Silicon Valley Bank with corporate funds

[Mar 11, 2023 2:52 PM] According to Circle, USDC liquidity operations will "resume as normal when banks open on Monday morning in the United States," enabling USDC redemption at 1:1 with the U.S. dollar.

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.

Sen. Warren calls out 'sham audits' while SVB threatens crypto bankruptcy

[Mar 11, 2023 1:04 AM] Contrasting her statements against crypto auditors, numerous members highlighted the ongoing collapse of Silicon Valley Bank (SVB), a Federal Deposit Insurance Corporation-insured bank.

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.