A survey of 550 global businesses and technology executives reveals that investment in metaverse objectives will grow, with a small pack of early adopters pulling away from the rest. Will Meta get lef...
Tag: firms
Private equity firms Apollo and KKR among those reviewing Silicon Valley Bank loans
People wait outside the Silicon Valley Bank headquarters in Santa Clara, CA, to withdraw funds after the federal government intervened upon the bank’s collapse, on March 13, 2023. Nikolas Liepin...
Cryptocurrency Firms Deny Exposure to Troubled US Banks
In recent years, the cryptocurrency industry has seen significant growth, with new exchanges, wallets, and other services popping up almost daily. However, the industry has also faced numerous challen...
Banking Crisis in U.S. Likely to Push Crypto Firms Offshore
“Bank Frick is reviewing every new onboarding case individually. We apply and have always applied the same strict standards in the crypto area as in the classic banking business. If all necessar...
SVB and Silvergate are out, but major banks are still backing crypto firms
Over the last week, the collapse of three of the largest banks backing the crypto scene — Silicon Valley Bank (SVB), Silvergate Bank and Signature Bank — has many industry pundits wondering how United...
Crypto Firms Announce Funds Caught in Signature Bank Closure
Coinbase announced that it had about $240 million in corporate funds at Signature Bank, but expects a full recovery of all its funds. Several crypto firms, including Paxos, have disclosed their level ...
U.S. Crypto Firms Explore European Banking Partners Amid Financial Crisis
The recent banking crisis in the U.S., which resulted in losing three crypto-friendly banks, Silvergate Capital, Silicon Valley Bank, and Signature Bank, has raised concerns among U.S.-based firms. A...
Crypto Firms Report Funds Tied Up with Shuttered Signature Bank
On March 12, New York regulators and the United States Federal Deposit Insurance Corporation shut down Signature Bank, a crypto-friendly bank that had reportedly become a systemic risk to the US econo...
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...
UK regulators moving “at pace” to deliver a plan for tech firms hurt by SVB collapse
A plan to rescue startups and tech companies affected by the Silicon Valley Bank collapse is underway in the United Kingdom, according to multiple reports on March 12. The emergency plan will include ...
Roku Among Most-Exposed Firms With Assets Caught in SVB Failure
(Bloomberg) — Of the companies listing assets caught up in the collapse of Silicon Valley Bank on Friday, Roku Inc. is among those reporting the heaviest exposure. Most Read from Bloomberg Dozen...
SVB Draws Support From More Than 100 Venture Firms, Investors
(Bloomberg) — More than 100 venture capital and investing firms have signed a statement supporting Silicon Valley Bank, part of mounting industry calls to limit the fallout of the bank’s collaps...
Circle, BlockFi may have exposure to Silicon Valley Bank; other firms deny exposure
Ad California-based Silicon Valley Bank (SVB), a unit of SVB Financial Group, has been shut down, according to an announcement from financial regulators on March 10. Silicon Valley Bank closed by regu...
Silicon Valley Bank Shares Halted After Plunging 64% In Pre-Market—VC Funds Tell Firms To Withdraw Funds
Topline Shares of Silicon Valley Bank Financial Group were halted after plunging further in pre-market Friday, following measures it took to shore up its financial position Thursday, prompting some ve...
Silicon Valley Bank Shares Drop 64% In Pre-Market As VC Funds Tell Firms To Withdraw Funds
Topline Shares of Silicon Valley Bank Financial Group plunged further in pre-market Friday, after it took measures to shore up its financial position Thursday, prompting some venture capital funds to ...
SEC Chair Gary Gensler Calls for Crypto Firms to Comply with Regulations
Gary Gensler, the newly-appointed chair of the US Securities and Exchange Commission (SEC), has emphasized the need for cryptocurrency firms to comply with regulations. Gensler made these comments dur...
U.S. Treasury Department Proposes 30% Excise Tax on Crypto Mining Firms
“The increase in energy consumption attributable to the growth of digital asset mining has negative environmental effects and can have environmental justice implications as well as increase energy pri...
Grayscale CEO breaks down his firm’s legal strategy against the SEC
Episode 20 of Season 5 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Grayscale CEO Michael Sonnenshein. Listen below, and subscribe to The Scoop on Apple, Spotify,...
Silvergate Stock’s Decline and Its Connection With Other Firms
Silvergate Capital’s stock fell 43% on Thursday. The bank is a leading crypto-friendly bank. The Silvergate Exchange Network (SEN) of the Bank is an immediate payment network for users of the digital ...
Crypto Firms in India Now Considered ‘Reporting Entities’ on Par With Banks
19 seconds ago | 2 mins read Bitcoin News Know Your Customer standards will become more than simply a recommendation. Crypto and NFT businesses in India are now considered “reporting entities.” Despit...
India’s Crypto Firms Get ‘Reporting Entities’ Status Like Banks
Although the Indian government and central bank have been critical of the crypto market, they are working to bring some regulatory clarity to the matter. Earlier today, India’s Ministry of Finance iss...
Thailand Woos Crypto Firms With $1 Billion Tax Waiver
Thailand will not charge companies raising capital through Initial Coin Offerings income and value-added tax as it looks for a slice of the Asian-driven bull run predicted by billionaire Cameron Winkl...
Thailand Woos Crypto Firms With $1 Billion Tax Waiver
Thailand will not charge companies raising capital through Initial Coin Offerings income and value-added tax as it looks for a slice of the Asian-driven bull run predicted by billionaire Cameron Winkl...
Thailand Excludes Firms Issuing Digital Tokens From Taxation
46 seconds ago | 2 mins read Bitcoin News Thai Cabinet decided to provide tax benefits for businesses that issue digital tokens. The exemption covers both the main and secondary markets for ICOs issue...
Five of the nine SEC-registered crypto firms are now gone, documents show
On March 1, the U.S. Securities and Exchange Commission (SEC) staff published a list of cryptocurrency companies that got registered with the regulator. The SEC had previously insisted that registrat...
You Can’t Trust Crypto Firms Until They Get Federal Oversight
“We won’t be able to know which players are trustworthy and which aren’t until a credible third party, like a consolidated home country supervisor, can meaningfully oversee them,” Hsu said...
Cutting Off Access To USD For Crypto Firms Is Deliberate, Matrixport
Last week, news quickly circulated that Silvergate Bank, a crypto-friendly bank, was in hot water and had to stop offering USD services to its around 1,600 crypto customers. This obviously had a signi...
Ripple Survey Says Overwhelming 97% of Payments Firms Believe That Crypto Could Facilitate Faster Payments
A new survey from Ripple and payments organization Faster Payments Council (FPC) shows that leading payments firms have an optimistic outlook on crypto-enabled solutions. The survey polled nearly 300 ...
50% of Payment Firms See Merchants Embracing Crypto Settlements Within 3 Years (Survey)
A joint study conducted by Ripple and the Faster Payments Council (FPC) estimated that more than half of the surveyed leaders of payment firms think most merchants will accept cryptocurrencies as a se...
Bybit Pauses USD Deposits as US Crackdowns on Crypto Firms
The crypto exchange Bybit has paused US Dollar (USD) deposits due to “service outages” from partners. Is it the latest victim of Operation Choke Point? Bybit exchange announced the suspension of USD p...
UAE Emirate to Launch Free Zone for Digital Asset Firms
Ras Al Khaimah, one of the seven Emirates that make up the United Arab Emirates (UAE), announced the launch of a free zone for digital asset firms. Ras Al Khaimah, one of the seven emirates of the UAE...