Crypto exchange OKCoin has halted U.S. dollar wire deposits in response to Signature Bank’s collapse while adding that the company had zero exposure to Silicon Valley Bank (SVB). OKCoin reacts to Sign...
Tag: Bank
Bitcoin Dominates Bank Stocks Amid String of Failures
Bank stocks are crashing, not just in the US, but around the world. Bitcoin, meanwhile, is surging. In fact, bitcoin (BTC) is now easily outperforming practically all top US bank stocks year to date, ...
A Dark Day For Silicon Valley Bank Is Bitcoin’s Time To Shine
(Photo by Chesnot/Getty Images) Getty Images BitcoinBTC , the digital currency that has long been viewed with skepticism by the financial establishment, is having its moment in the sun. Following the ...
Bitcoin Rises as Biden Calls for Tighter Bank Regulations After SVB
President Joe Biden said anyone with deposits at Silicon Valley Bank and Signature Bank would have access to their money today. He emphasized that taxpayers will not pay for the funds regulators will ...
President Biden assures taxpayers SVB and Signature Bank losses contained
President Biden has assured the senate banking committee that taxpayers will not bear the brunt of any potential losses incurred by SVB Financial Group and Signature Bank, in response to concerns abou...
Mortgage rates tumble in the wake of bank failures
A residential neighborhood in Austin, Texas, on Sunday, May 22, 2022. Jordan Vonderhaar | Bloomberg | Getty Images The average rate on the popular 30-year fixed mortgage dropped to 6.57% Monday, accor...
Crisis of Silicon Valley Bank, what happened?
Until Wednesday 8 March 2023, there were no obvious signs of the deep crisis into which Silicon Valley Bank would plunge in the space of just two days. For instance, the stock market price of SIVB sha...
Multiple Bank Stocks Stop Trading Amid Post SVB Volatility
While the Fed may have bailed out Silicon Valley Bank (SVB)’s depositors on Monday, the market’s uncertainty surrounding the entire banking sector still loom large. Trading for multiple banking organ...
Okcoin suspends USD deposits in wake of Signature Bank closure
According to a March 13 tweet by Okcoin CEO Hong Fang, the U.S. affiliate of cryptocurrency exchange OKX had no exposure to defunct U.S. tech bank Silicon Valley Bank (SVB). However, Fong stated that ...
President Biden Calls for Stronger Bank Regulations in Wake of SVB, Signature Bank Collapses
“We must get the full accounting of what happened and why those responsible can be held accountable,” Biden said. “In my administration, no one – no one is above the law. And finally, we must reduce t...
Three Major Crypto Firms are Victims of Signature Bank Debacle
Signature Bank has been shut down by the New York Department of Financial Services. Crypto firms like Coinbase, Celsius, and Paxos revealed their exposures to Signature Bank. The fall of Signature Ban...
Cardano Founder Brings Up Crypto Collaterals; US Bank Collapse
Cardano Price News: Cardano founder Charles Hoskinson made subtle remarks over the ongoing crisis surrounding the failure of Silicon Valley Bank and the Signature Bank. He made the comment in the wake...
Cardano Founder Hits Back at Crypto Critics After Bank Failures
Cardano founder Charles Hoskinson has taken a jab at crypto critics in a recent tweet. Hoskinson compared the operations of major cryptocurrency firms like Circle, Paxos and Tether with those of banks...
Third-biggest bank failure in U.S. history
The Signature Bank headquarters at 565 Fifth Avenue in New York, US, on Sunday, March 12, 2023. Lokman Vural Elibol | Anadolu Agency | Getty Images On Friday, Signature Bank customers spooked by the s...
Bank of London Submits Proposal to Acquire Silicon Valley Bank (SVB) UK Arm
According to Bank of London co-founder and CEO Anthony Watson in a statement, the acquisition of Silicon Valley Bank SVB’s assets could be a unique opportunity to grow the banking sector in the United...
916 Million XRP Moved by Ripple as Third Crypto-Friendly Bank Crashes
Yuri Molchan Ripple fintech firm shoveled over 900 million XRP in three massive chunks after Signature Bank shut down Contents Ripple shovels 724 million XRP, whales move 192 million Signature Bank cl...
How crypto market chaos affected US bank stocks
The current market chaos in US banking, tech, and cryptocurrency is hard to summarize without using the common moniker FUD (fear, uncertainty, and doubt) in a very literal sense. After the pandemic, t...
Coinbase lost $240M in Signature Bank closure
Ad Leading crypto exchange Coinbase disclosed it lost around $240 million in Signature Bank shut-down on Mar. 12. Paxos and Celsius also announced they lost money in the Sunday Signature Bank shutdown...
HSBC ready to buy Silicon Valley Bank
Silicon Valley Bank collapses, the market shakes and HSBC Holdings runs to help. This is the situation investors and experts have been in since last Friday. Recent news tells us that HSBC Holdings has...
Biden Says Saving Silicon Valley Bank Helped Economy ‘Breathe Easier’—But Not All Experts Agree
Topline Americans can “breathe easier” knowing the nation’s financial system is “safe,” President Joe Biden said Monday morning, in Biden’s first remarks since his administration rolled out measures t...
Bank of America and Wells Fargo: Here’s How I’m Trading This Bank Mess
Investors want to know. How well is this particular bank problem contained? Will depositors tend to move toward the perceived safety, whether or not this is reality, of the large, U.S. money-center ...
Bitcoin Price Soars As US Bank Stocks Halt, Will BTC Break $25k?
Bitcoin Price News: Trading in several bank stocks were on Monday halted due to increased volatility in pre-market hours. This is leading to a renewed bullish momentum in the crypto market. The move c...
FDIC Creates Bridge Banks for Failed Silicon Valley Bank and Signature Bank Clients to Access Funds – Bitcoin News
The U.S. Federal Deposit Insurance Corporation (FDIC) has announced that clients of Silicon Valley Bank (SVB) and Signature Bank (SBNY) can access their funds during normal banking hours on Monday, Ma...
Dow Jones Falls On SVB Rescue Plan; First Republic, Charles Schwab Crash On Bank Fears
The Dow Jones Industrial Average dropped Monday, as global markets grappled with the ongoing crisis among U.S. banks. The FDIC and other financial regulators guaranteed all deposits of SVB Financial (...
Marathon Digital says it has access to funds held at Signature Bank
Marathon Digital said it has access to $142 million in cash deposits held by Signature Bank, which was closed by state regulators on Sunday. The company said in a statement it has access to the...
Gemini had no customer funds, GUSD at Signature Bank
Crypto exchange Gemini said it held no customer funds or Gemini dollars (GUSD) at Signature in the wake of the bank’s closure by regulators on Sunday. While it used to partner with Signatu...
S&P 500 goes negative YTD; almost entire regional bank stocks halted due to volatility
Quick Take Bitcoin extends its gain up 35% YTD, while S&P has gone into negative territory -0.19%. Both Nasdaq and TLT are up over 7% YTD. Chaos in bank stocks as some are halted for volatility. W...
First Republic stock down 65% amid fears of regional bank contagion
First Republic Bank’s (FRC) shares tanked a record 67% and were halted for volatility, leading regional lenders lower, despite measures by U.S. regulators to shore up confidence in the banking system ...
HSBC Buys Silicon Valley Bank for £1
HSBC has signed off on a deal to acquire the Silicon Valley Bank’s United Kingdom arm for £1 and save the tech sector of the U.K. The British multinational bank HSBC acquired the Silicon Valley Bank’s...
Crypto Prices Rebound As Regulators Step In Over Silicon Valley Bank Collapse
Topline The value of tokens like bitcoin and ether rallied on Monday after hitting weeks-long lows on Friday, part of a broader rally in cryptocurrency prices as markets react to the widening fallout ...
First Republic Bank stock down 65% amid fears of regional bank contagion
First Republic Bank’s (FRC) shares tanked a record 67% at the market open on Monday and were halted for volatility, despite measures by U.S. regulators to shore up confidence in the banking system fol...