The U.S. Justice Department reportedly probed Signature Bank before state regulators shut it down. The probe revolved around the bank’s anti-money laundering steps. Signature Bank, the crypto-friendly...
Tag: CryptoFriendly
Anchorage Digital lays off 20% of staff as other crypto-friendly banks shutdown
Cryptocurrency bank Anchorage Digital will lay off approximately one-fifth of its staff, according to a report from Bloomberg on March 14. Anchorage lays off 20% of staff Bloomberg reported that, base...
Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits – Bitcoin News
Circle Financial, the issuer of the stablecoin USDC, is partnering with Cross River Bank after its former settlement partner, Signature Bank, was closed by New York regulators, according to a statemen...
Crypto-friendly banks closure could pose a challenge for crypto companies
The closure of three major crypto-friendly banks in the US, Signature Bank, Silicon Valley Bank, and Silvergate Bank, has sent shockwaves across the digital asset industry. According to some in the cr...
G20 nations were warned by IMF about incoming trouble for crypto-friendly banks
The IMF sent a report to G20 nations last month which laid out the implications of crypto adoption in emerging markets. The report warned that banks with exposure to crypto may lose deposits and cease...
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...
Crypto-friendly Signature Bank shut down by regulators, after collapses of Silicon Valley Bank, Silvergate
State authorities closed Signature Bank SBNY, -22.87% Sunday, after Silicon Valley Bank was shut down by regulators on Friday in the biggest bank failure since the 2008 financial crisis, according to ...
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 Dec...
Crypto-Friendly Banks Collapse as Regulatory Pressure Mounts
As the crypto industry continues to grow, it has faced increasing scrutiny from regulators around the world. Recent months have seen the collapse of several high-profile crypto-friendly banks, includi...
Crypto-friendly bank Silicon Valley Bank shut down by California regulator
On March 10, the California Department of Financial Protection and Innovation (DFPI) ordered Silicon Valley Bank, a major financial institution for venture-backed companies, to be closed—making it the...
Crypto-Friendly Silicon Valley Bank In Talks to Sell Itself
Alex Dovbnya SVB Financial, the parent company of Silicon Valley Bank, is reportedly considering a sale as several large financial institutions have expressed interest in acquiring the bank SVB Financ...
Another US crypto-friendly bank downfall? Silicon Valley Bank stock drops 60%
The past few weeks have seen tech-focused banks offering crypto services and servicing crypto-friendly VCs run into financial difficulties. Silicon Valley Bank stock (NASDAQ:SIVB) dropped by over 60% ...
Bitcoin Dives Below $22,000 As Crypto-Friendly Bank Silvergate Prepares to Shut Down
Crypto-friendly bank Silvergate says it’s decided to wind down operations and liquidate, making it the latest company to be leveled by the collapse of FTX. The news triggered a 36% after hours crash i...
Crypto-Friendly Silvergate Bank to Wind Down Operations
On Wednesday, March 8, Silvergate Corporation (NYSE: SI) – the parent firm of troubled crypto-friendly bank Silvergate Capital, announced its intentions to wind down the operations as well as liquidat...
On Track To Launch A Crypto-Friendly Bank
Why wait when you can start your own bank? U.S. exchange Kraken is reportedly set to establish its own bank. In the latest episode of The Scoop, a podcast series backed by The Block, Kraken’s Chief Le...
Crypto-Friendly Silvergate Bank’s Situation Being ‘Monitored’ by White House, Spokesperson Says
During her White House press briefing Monday, Jean-Pierre said she couldn’t speak to Silvergate specifically, but noted that a number of crypto companies have “experience[d] significant is...
Here’s what could happen next to crypto-friendly bank Silvergate Capital
Once a crucial banking partner for the crypto firms, Silvergate Capital (SI), is now on the cusp of failure. The La Jolla, California-based company said Friday evening that it’s suspending its S...
Crypto-Friendly Bank Silvergate Is Most Shorted Stock
Crypto-friendly Silvergate Bank has clinched the title of most shorted stock on Wall Street—a strong indication that traders think the beleaguered bank’s stock price will continue to go down. Of all t...
SEC Puts Crypto-Friendly Celebrities on Notice, Fines NBA Legend Paul Pierce $1,400,000 for Plugging EthereumMax
The U.S. Securities and Exchange Commission (SEC) has its radar locked on celebrities endorsing crypto projects. The regulator announced on Friday that it brought charges against retired NBA legend Pa...
Crypto-friendly Wyoming passes bill to protect private keys
Wyoming lawmakers have passed a bill seeking to protect the rights of bitcoin (BTC) and other digital asset holders by prohibiting forced and unlawful private key disclosures to unauthorized entities....
Citadel Securities takes 5.5% stake in crypto-friendly bank Silvergate Capital; shares rise
Shares in Silvergate Capital jumped after market maker Citadel Securities reported a 5.5% stake in the crypto-friendly bank. Ken Griffen’s firm now owns over 1.7 million shares in the La J...
Revolut Leads UK Crypto-Friendly Efforts With New Crypto Staking Feature ⋆ ZyCrypto
Advertisement     Following efforts to consolidate its spot as Europe’s largest crypto-friendly neo-bank, Revolut recently launched a cryptocurrency staking feature on...
Board Member of Crypto-Friendly Silvergate Bank Leaves for Polygon
A member of Silvergate’s board of directors resigned Thursday, the crypto-friendly bank disclosed in a recent filing with the Securities and Exchange Commission (SEC). Rebecca Rettig, who initially jo...
Signature Bank In Trouble; Law Suit Filed Against Crypto-Friendly Bank
Join Our Telegram channel to stay up to date on breaking news coverage New York-headquartered crypto-friendly bank is finding itself in some deep trouble as investigation around the FTX fiasco of 2022...
Most Crypto-friendly Countries for Crypto Traders and Investors – Cryptopolitan
Cryptocurrencies have been gaining popularity and acceptance around the world, but there are still many countries that remain hostile to digital currencies. For crypto investors looking for a place to...
Crypto-friendly bank ends loans backed by mining rigs: Details inside
BankProv will no longer provide loans secured by cryptocurrency mining rigs after writing off $47.9 million in loans. Mining rigs that secured loans have been forced to sell equipment during the sever...
Crypto-Friendly Bank, Silvergate, Suspends Dividend Payouts
Silvergate, a California-based crypto bank whose shares are listed on the New York Stock Exchange, is suspending dividend payout to remain highly liquid as the digital currency market tries to pull it...
Crypto-friendly Stripe weighs public offering: Report
Internet payment processor Stripe is reportedly eyeing a public offering and has set a 12-month timeline to explore the possibility. Stripe has hired Goldman Sachs and JPMorgan Chase to advise on the ...
These 5 Crypto-friendly US States Show Initiative on Tax Laws
Looking to the future, policymakers in Arizona referred an amendment to the state constitution in the Arizona State Legislature last week, seeking to exempt digital assets from property taxation. Foll...
FTX Collapse Triggered $8,100,000,000 in Withdrawals at Crypto-Friendly Bank Silvergate: Report
The high-profile collapse of crypto exchange FTX has reportedly triggered a mass exodus from Silvergate, a crypto-friendly bank. According to a new report by The Wall Street Journal, the disintegratio...