Signature Bank is the next bank to be closed by Federal regulators. Regulators closed the crypto-focused bank, citing systemic risk. The Federal Reserve has closed Signature Bank, as revealed in a press release issued on […]
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 […]
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 […]
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 […]
More clinics are offering services to help crypto addiction. But how bad is this emerging problem? For years society has been increasingly concerned about gambling addiction, and rightly so. Gambling addiction is responsible for untold […]
According to Reuters, U.S. Treasury Secretary Janet Yellen confirmed that the failed Silicon Valley Bank (SVB) would get help from the government but ruled out a bailout for the bank. Reacting to calls for a government […]
TRON network founder Justin Sun has offered financial support to anyone building “a reliable bank that can cater to the needs of the crypto industry.” In a March 12 Twitter thread, Justin Sun said the […]
According to media reports, Silicon Valley Bank (SVB) paid annual bonuses to all eligible employees while its CEO cashed out stock options before its collapse. SVB CEO Greg Becker sold $2.27 million worth of the […]
DeFi and Bitcoin have disrupted the financial world, raising questions about the future of traditional retail banks. DeFi offers decentralized financial services outside of traditional banking. While Bitcoin provides a decentralized and borderless currency. Can […]
After depegging yesterday, USD Coin (USDC) rallied back to as high as $0.98 following news that its issuer Circle promised to cover any shortfall in its reserves amid the Silicon Valley Bank (SVB) crisis. According […]
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