Silvergate shares plunged on news that the crypto-friendly bank would scale back operations. The company has said it will fully repay all customer deposits. Silvergate has been in trouble since late 2022 following the collapseRead More
HSBC has bought the UK division of failed US bank Silicon Valley Bank (SVB) for £1. The SVB collapsed last week, shocking not only the banking and financial industry, but also cryptocurrencies. Businesses and customersRead More
U.S. bank stocks rallied on Tuesday, improving after falling sharply early Monday. Shares plunged a day earlier on concerns about the financial king The SVB collapse cast a shadow over the nation’s bank stocks onRead More
Circle said it was unable to withdraw $3.3 billion from Silicon Valley Bank. SVB has been under FDIC control since its collapse. USDC lifted the peg on the news and fell 8% to a lowRead More
advertisement On March 3, Tether denied reports suggesting it was involved in an outside attempt to obtain bank accounts through forged documents. WSJ Claims Tether Executives Signed False Documents The Wall Street Journal on MarchRead More
advertisement The Reserve Bank of Australia (RBA) is establishing a use case for a central bank digital currency (CBDC) to determine the economic benefits to be gained through the new currency. research project over theRead More
advertisement “We have made a lot of progress on financial inclusion in the last few years. […] Sir John Cunliffe, Deputy Governor for Financial Stability, Bank of England, said at the Treasury Committee on theRead More
alchemy pay ACH (24 hours) $0.04189 +8.45% Alchemy is a pioneer in hybrid cryptocurrency gateways bridging the gap between fiat and cryptocurrency economies, making payments, blockchain solutions and DeFI services readily available to everyone, makingRead More
announced by the US Federal Reserve February 23rd Custodia Bank has said it has refused a government agency’s request for oversight. Custodia has asked the Federal Reserve to reconsider a similar denial from last month.Read More
quick take With the world facing extreme inflation, central banks are trying to keep inflation under control by shrinking balance sheets (quantitative tightening) and raising interest rates. The blue line is Bitcoin, up about 50%Read More