US Senators Elizabeth Warren and Tina Smith are demanding answers from a group of top US regulators about the banking sector’s exposure to crypto in the wake of FTX’s implosion last month. On Wednesda...
Tag: Exposure
FalconX says finances strong despite FTX exposure
FalconX, the crypto prime broker, told clients its finances are strong despite the exposure it had to collapsed crypto exchange FTX. “FalconX balances locked on FTX represented 18% of our ...
SEC Urges Firms to Disclose Crypto Exposure in New Letter
The Securities and Exchange Commission (SEC) has unveiled new guidelines for companies making financial disclosures, which call on them to provide a more detailed record of their exposure to the crypt...
SEC urges crypto companies to disclose exposure to recent market collapse
The Securities and Exchange Commission (SEC) has called on crypto companies to disclose their exposure to the recent market collapse, and detail its potential impacts on investors. The SEC’s Division ...
SEC Cautions Companies to Disclose Exposure to Crypto Businesses
On Dec. 8, the SEC’s Division of Corporation Finance released a statement “regarding recent developments in crypto-asset markets.” The guidance has targeted companies that have disclosure obligations ...
SEC wants firms to disclose if they have crypto exposure
The U.S. Securities and Exchange Commission wants companies to publicly disclose if they have exposure to crypto assets, including whether they do business with any crypto-related companies. Th...
Senators question U.S. banking regulators on crypto exposure
Two U.S senators have written to agencies tasked with supervising the financial sector to seek details about banks’ exposure to cryptocurrencies. Sens. Elizabeth Warren, D-Mass., and Tina ...
Nexus Mutual Hit With $3M in Ethereum Exposure to Orthogonal Trading Default
The FTX dominoes continue to tumble, as Nexus Mutual revealed roughly $3 million in losses due—via a long string of contiguous events—to the exchange’s collapse last month. The crypto insurance ...
Assessing the ‘why’ behind Signature Bank’s move to limit cryptocurrency exposure
Signature Bank, a New York-based bank, plans to reduce deposits around cryptocurrencies Due to the ongoing volatility in the cryptocurrency market. Signature Bank’s stock plummeted by 50% As per a Fi...
Silvergate Debunks Rumours Of A Liquidity Crisis Despite BlockFi, FTX Exposure ⋆ ZyCrypto
Advertisement     Silvergate bank has defended itself against allegations that it could be facing a liquidity crunch due to its close relationship with cash-beleaguere...
Silvergate addresses FTX’s exposure, reassure stakeholders
Silvergate CEO Alan Lane wrote a Dec. 5 public letter to reassure stakeholders that the firm employs the best due diligence process and has a robust risk management control. Silvergate addresses FTX, ...
Customer Funds Safe Despite BlockFi, FTX Exposure
The CEO of Silvergate has reassured customers that their funds are safe, but many remain wary. The company had exposure to both BlockFi and FTX through deposits. Crypto bank Silvergate is making attem...
Maple Finance Says Orthogonal Hid FTX Exposure
Maple Finance has cut ties with Orthogonal Trading after it said the company was “operating while effectively insolvent” and accrued liabilities of more than $30 million. Orthogonal Trading had ...
Nexo Reveals No Exposure to FTX in Recent Proof of Reserves
Following the recent turbulence within the crypto industry in the wake of FTX collapse, every other crypto firm seems to take the lesson. Otherwise what could have bothered these firms, including majo...
Bahamian Deltec Bank Squarely Denies Exposure to FTX
Several entities are expected to reveal losses after FTX’s debacle. Tether and Deltec Bank are being associated with FTX. Here’s all that is known so far. FTX mess and FUD vibes Cryptocurrency exchang...
Silvergate refuses the latest FUD, verifies the least exposure to BlockFi
Silvergate has verified a least exposure to a digital asset lender BlockFi. Silvergate has been a topic of many FUD (fear, uncertainty, and doubt) or wrong and confusing statements Relationship betwe...
NEXO releases proof of reserves showing no exposure to FTX
Despite posting a proof-of-reserves with neither asset breakdown nor wallet addresses, Nexo praised its risk engine as the sole reason for no bad debts. According to the Nov. 28 tweets, most exchanges...
Silvergate Capital has minimal exposure in bankrupt BlockFi
Silvergate Capital has made it clear via a press release on November 28, 2022, that it had very little exposure to the now-bankrupt BlockFi. Silvergate claims its funds in the distressed company is le...
Silvergate Capital Reveals its Exposure to Bankrupt Crypto Lender BlockFi
Silvergate Capital Corporation – a digital asset bank based in California – revealed its deposit relationship to the troubled crypto firm BlockFi was limited to less than $20 million of its total depo...
BlockFi files for bankruptcy citing FTX exposure
New Jersey-based crypto lender BlockFi on Monday filed for Chapter 11 bankruptcy protection. The crypto lender is the latest crypto industry casualty to fall due to exposure to the collapsed cryptocur...
Silvergate denies recent FUD, confirms minimal exposure to BlockFi
Institutional crypto services provider Silvergate Capital has confirmed its minimal exposure to the embattled BlockFi crypto lending firm. On Nov. 28, Silvergate announced that its deposit relationshi...
Silvergate Provides Statement on Minimal Exposure to BlockFi
LA JOLLA, Calif.–(BUSINESS WIRE)–Silvergate Capital Corporation (the “Company” or “Silvergate”) (NYSE: SI), the leading provider of innovative financial infrastructure solutions to the digital asset i...
Silvergate Capital reports less than $20 million in BlockFi deposit exposure
Crypto bank Silvergate Capital said that less than $20 million of its total deposits from crypto customers come from lender BlockFi, adding that it has “minimal” exposure to the company no...
Singapore Banks’ Exposure to Bitcoin ‘Insignificant’ but Subject to Highest Risk Weight
“Pending the finalization of the framework, MAS requires Singapore-incorporated banks to apply a 1250% risk weight for exposures to riskier crypto assets such as Bitcoin and Ether,” he sai...
Cathie Wood’s ARK Invest adds more Bitcoin exposure as GBTC, Coinbase stock hit new lows
Bitcoin (BTC) firms’ shares are a major “buy” for asset manager ARK Invest in the midst of the FTX meltdown. The latest data confirms that ARK continues to up its holdings of both exchange Coinbase (C...
Three U.S. senators ask Fidelity to reconsider bitcoin exposure in retirement plans
Three U.S. senators have again asked Fidelity Investments to reconsider a decision to allow retirement plan participants to invest in bitcoin, saying the industry has become increasingly “volati...
Massive Exposure As Shiba Inu Going To Immerse Global Summit
– Advertisement – Marcie Jastrow To Represent Shiba Inu At Immerse Global Summit. Lead Shiba Inu Metaverse advisor Marcie Jastrow to represent Shiba Inu (SHIB) at Immerse Global Summit 202...
Ontario Teachers’ Pension Plan Writes Off $95M Exposure to FTX
9 seconds ago | 2 mins read Exchange News Investments are made on behalf of 333,000 active and retired educators via the OTPP. Last Monday, FTX initiated Chapter 11 bankruptcy protection. Canada’s thi...
Genesis Block HK has more than $50 million stuck on FTX: Source
Genesis Block HK, a crypto over-the-counter (OTC) trading firm based in Hong Kong, has funds stuck in the now-bankrupt crypto exchange FTX, two people with knowledge of the matter told The Block. ...
Avalanche Founder Says Company Has ‘Very Little Exposure’ to FTX
While the crypto world continues to navigate the fallout from the collapse of FTX, Ava Labs says it dodged the bullet. “We had very little exposure, and we’re grateful for it,” Ava ...
Crypto Lender Vauld Eyeing Merger Post $10M Exposure to FTX
8 seconds ago | 2 mins read Exchange News Vauld relied heavily on FTX to process transactions for its users. It said that if the transaction falls through, they would investigate alternative options. ...
Upbots issues recovery plan in light of FTX, Alameda exposure
Algo crypto trading platform, Upbots, detailed its recovery plan established due to its exposure to the fallout of FTX, and Alameda Research. Important announcement We are pleased to inform you that i...