Policy • March 14, 2023, 3:47PM EDT A New York regulator rebuffed criticism from former congressman Barney Frank and said its decision to take over Signature Bank was not related to the bank’s w...
Tag: Bank
Bitcoin Surges Nearly 20% Following Silicon Valley Bank ‘Bailout’
The price of Bitcoin is surging, up 19.8% in the past day after regulators and the Joe Biden Administration stepped in to assuage investors that depositors in the failed Silicon Valley Bank would be m...
UK’s Third Largest Bank NatWest Places £1,000 Daily Limit on Crypto Deposits
Popular UK-based financial institution National Westminster Bank (NatWest) has restricted the funds its customers can spend on crypto purchases to reduce their exposure to the volatile asset class. Ac...
Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders – Bitcoin News
The parent company of Silicon Valley Bank, SVB Financial Group, and two senior executives have been sued by shareholders after SVB’s collapse last Friday. The proposed class action accuses SVB of hidi...
TeraWulf Addresses U.S. Bank Closures
EASTON, Md.–(BUSINESS WIRE)–$WULF #Bitcoin–TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, domestic Bitcoin mining facilities powered by more...
SVB, Signature Bank Losses Will Not ‘Be Borne by the Taxpayer’, Insists President Biden
President Joe Biden gave brief comments Monday morning regarding the recent events surrounding the embattled Signature Bank and Silicon Valley Bank (SVB). Following several chaotic days, SVB was shut ...
NatWest bank puts $6K monthly limit to crypto exchange payments
NatWest, a retail and commercial bank in the United Kingdom, is taking measures to protect customers from potential crypto losses amid Bitcoin (BTC) hitting multi-month highs. On March 14, NatWest int...
Ripple CEO Brad Garlinghouse Says Company Remains in Strong Position Despite Exposure to Collapsed Bank
Ripple chief executive Brad Garlinghouse says his company remains financially robust despite its exposure to the now-collapsed Silicon Valley Bank (SVB). Garlinghouse says that SVB was a banking partn...
Argo Blockchain Reports Zero Exposure To SVB And Silvergate Bank, Here’s Why
In a recent tweet, Argo Blockchain PLC revealed that it has no exposure to the shuttered SVB and Silvergate banks. It also shared a post responding to the bank issues, declaring that neither the Argo ...
Signature Bank Closure Not Due To Crypto Link: New York Officials
Signature Bank News: After former member of the U.S. House of Representatives Barney Frank said Signature Bank was targeted due to its links with the crypto market, there is a counter argument to it. ...
‘Head Fake Rally’? Dow Jumps 400 Points On Bank Stocks’ $37 Billion Recovery
Topline A massive recovery for bank stocks led a broader market rally Tuesday as investors shook off their deepest concerns about the sector-wide effects from the failures of Silicon Valley Bank and S...
Gibraltar’s Xapo Bank Enables GBP and USDC Payments Amid U.S. Crypto Banking Crisis
“From today we have also added support for GBP through the Faster Payments network, meaning members will be able to make payments directly to U.K. wallets or banks,” said Seamus Rocca, CEO...
SEC and Justice Department: Silicon Valley Bank investigation
People queue up outside the headquarters of Silicon Valley Bank to withdraw their funds on March 13, 2023 in Santa Clara, California. Liu Guanguan | China News Service | Getty Images The Securities a...
Coinbase, Paxos Disclose Exposure to Failed Signature Bank
Signature Bank emerged late Sunday as the latest institution to collapse amid a series of bank failures, and multiple crypto companies took to Twitter to declare whether they were affected by the gove...
Silicon Valley Bank was the tip of a banking iceberg
Traditional financial institutions take deposits from customers and use them to make loans. But they loan out much more than what they have in store at a given point in time — a concept known as fract...
SEC and DOJ Launch Probes Against Silicon Valley Bank: Report
Both the Securities and Exchange Commission (SEC) and Department of Justice (DOJ) are reportedly investigating the now-collapsed Silicon Valley Bank (SVB) after depositors to the bank were bailed out ...
Silicon Valley Bank Collapse Is Flashback of Lehman Brothers?
2 hours ago | 2 mins read Bitcoin News Silicon Valley recalls the Lehman Brothers failure. USD Coin price stabilized at a $0.9997 peg. Silicon Valley Bank (SVB), which had connections to big-shot inte...
Feds Shut Down Signature Bank, Say Signature and Silicon Valley Bank Depositors Will Be Made Whole
All depositors in Silicon Valley Bank will have access to their funds starting Monday—as well as depositors of Signature Bank, which was also shut down Sunday by New York’s state chartering authority....
Bidders Want To Buy Silicon Valley Bank In Parts?
Silicon Valley Bank News: After the FDIC auction process for finding a potential buyer for the Silicon Valley Bank (SVB) did not yield results over the weekend, another round of auction appears to be ...
Silicon Valley Bank Bailout Ruled Out By Treasury Secretary Janet Yellen
Treasury Secretary Janet Yellen said Sunday that the federal government is not considering a bailout for Silicon Valley Bank, but is focused on addressing the needs of the failed bank’s depositors. Du...
UK Bank NatWest Bans Transfer Above £1,000 to Crypto Exchanges
NatWest users cannot send above £1,000 a day to crypto exchanges. The bank aims to stop users from “losing life-changing sums of money” to crypto. Data shows the UK has the greatest crypto-readiness t...
Silicon Valley Bank Now Under Investigation By U.S. SEC & DOJ
According to reports, the Justice Department and the Securities and Exchange Commission of the United States are conducting an investigation into the failure of Silicon Valley Bank. The investigation ...
Bank stocks rally in sharp reversal from previous session
First Republic (FRC) and other regional banks are up sharply, in a stunning reversal from the previous session when the sector was hammered following the collapse of Silicon Valley Bank. First Republi...
3 Regional Bank Stocks to Buy After SVB’s Collapse
The failure of Silicon Valley Bank (SIVB) has sent shockwaves through the U.S. banking industry, particularly affecting smaller banks. The SPDR S&P Regional Banking ETF (KRE) has declined over 20%...
Insiders Buy the Dip in These 2 Beaten-Down Regional Bank Stocks
The week got off to a rocky start as the markets digested the collapse of Silicon Valley Bank last week, and the Federal regulators’ shutdown of Signature Bank over the weekend. Sparking fears of cont...
Bank Crisis Appears to Have Positive Impact on DEX, CEX Tokens
The fall of the three financial institutions seems to have positively affected the DEX and CEX tokens. The tokens like OKB, GMX, DYDX, and GT have been showing major hikes in their prices. It is estim...
Houbi Cut Ties With Signature Bank and Silvergate Before Their Collapse (Report)
Huobi had reportedly withdrawn all its assets from Signature and Silvergate Bank prior to their demise. However, numerous other platforms and crypto-related firms got burned from their existing expos...
Celsius Confirms That Its Cash at Signature Bank Is Secured
Celsius recently confirmed that its cash deposits with Signature Bank are secured. The bankrupt crypto lender is trying to transfer its funds to other authorized depositaries. Popular Celsius creditor...
FDIC Takes Control: SVB and Signature Bank Assets In Question Amid Crypto Market Rally
In a joint statement released by the US Treasury, Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC), it was announced that the FDIC has taken control of the assets of both Silicon ...
‘Big Four’ Australian Bank Issues Stablecoin On Ethereum
One of Australia’s ‘big four’ banks says it has completed its first intra-bank cross-border transaction using its own stablecoin via Ethereum. The transaction, part of a National Australia Bank (NAB) ...
HSBC Acquired Silicon Valley Bank UK Arm: Deposits Protected
HSBC has stepped up as a white knight to rescue SVB’s distressed UK arm with a sale at rock bottom prices! British banking giant HSBC Holdings announced today its acquisition of Silicon Valley Bank (S...