Bitcoin
Bitcoin, Ether Retrace Weekend Losses As Bears See $183M in Short Liquidations
Markets jumped amid respite from the U.S. government and USD Coin-issuer Circle. Source link
Year: 2023
Market Analysis
Australian Tax Regulators Know Your Crypto Investments
Crypto usage has been increasingly on the radar of tax authorities worldwide in recent years. The growing popularity of cryptocurrencies has increased their use for transactions and investments. Tax authorities want to ensure that individuals […]
Bitcoin
First Mover Asia: Silicon Valley Bank Failure Highlights Small Banks’ Vulnerability; Bitcoin Soars Past $22.5K
Since September 2021, the growth in cash assets in small bank balance sheets has turned negative. Source link
Market Analysis
Crypto Receives a Reminder of the Relevance of Banks
The closure of Silicon Valley Bank last week has sparked a period of unprecedented bank turmoil last seen during the Global Financial Crisis (GFC) in 2008. While 2020 was a nightmare year for most, it […]
Regulation
TrueUSD Says ‘Small Number’ of Users Impacted by Signature Bank Closure
Stablecoin issuer says USD funds held at Signature bank now fully backstopped by Fed Source link
Market Analysis
New York banking authorities shut down crypto-friendly Signature Bank
Key takeaways Crypto-friendly bank Signature Bank has been shut down by New York Banking authorities. The Federal Reserve said the decision was made to protect the US economy and strengthen public confidence in the banking […]
Bitcoin
Circle Scrambles to Right USDC After Signature Bank Failure
Signature’s sudden failure leaves a key part of the crypto industry’s backend infrastructure in limbo: Signet. It’s a blockchain-based real time payments system that’s supposed to work 24/7. Circle, Coinbase and many crypto trading firms […]
Ethereum
Crypto-Friendly Signature Bank Shut Down by State Regulators
“Signature Bank is a New York state-chartered commercial bank and is FDIC-insured, with total assets of approximately $110.36 billion and total deposits of approximately $88.59 billion as of December 31, 2022,” Harris’ statement said. “DFS […]
Bitcoin
Silicon Valley Bank Depositors Will Have Access to “All” Funds Monday, Say Federal Regulators
“After receiving a recommendation from the boards of the FDIC and the Federal Reserve, and consulting with the President, Secretary Yellen approved actions enabling the FDIC to complete its resolution of Silicon Valley Bank, Santa […]
Bitcoin
Ripple Had ‘Some Exposure’ to Silicon Valley Bank, Says CEO
Ripple, currently engaged in a lawsuit with the Securities and Exchange Commission over the status of the cryptocurrency XRP, stored some of its cash reserves at the now-failed tech lender, Garlinghouse said. He declined to […]