When it comes to banks insured by the FDIC, depositors with certain types of accounts in certain amounts are covered “dollar-for-dollar, including principal and any accrued interest through the date o...
Tag: Insured
FDIC creates a bank to protect insured SVB depositors
Silicon Valley Bank (SVB), headquartered in Santa Clara, California, was shut down on March 10 by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit ...
FTX CEO Clarifies Misinterpreted Claims of FTX.US Being FDIC Insured
FTX founder Sam Bankman-Fried has denied that the exchange has FDIC insurance while apologizing for any information that might have been misinterpreted to mean FTX.US is FDIC-insured. In an August 19 ...
FDIC Releases A Fact Sheet On FDIC Deposit Insured
On July 29, 2022, Federal Deposit Insurance Corporation (FDIC) released a Fact sheet. In the fact sheet, they elaborated on the FDIC deposit insurance coverage against the failure of any crypto firm. ...
Deposits at non-bank entities, including crypto firms, are not insured — FDIC
The United States Federal Deposit Insurance Corporation, or FDIC, has issued an advisory informing the public it “does not insure assets issued by non-bank entities, such as crypto companies.” In a Fr...
Fed claimed Voyager to evict “false” claims that deposits are FDIC insured
Voyager claims that the company is FDIC- insured Fed neglected the claim and ordered to remove the “false” claims Voyager Digital, a crypto lender has been ordered to evict “wrong and ambiguous” state...
Fed demands Voyager remove ‘false’ claims deposits are FDIC insured
Crypto lender Voyager Digital has been directed to remove “false and misleading” statements that its user’s deposit accounts are FDIC insured. In a joint letter written on Thursday by Seth Rosebrock a...
FDIC Insured Claim by Voyager Digital Under Scrutiny Amid Crisis
Defi News Voyager announced its Chapter 11 bankruptcy filing on Wednesday. An insured bank must provide $250,000 in insurance to each of its customers. As confirmed by an FDIC official, Reuters report...
Is Coinbase FDIC insured? | Cryptopolitan
Coinbase users have been in suspense ever since rumors claimed that the cryptocurrency exchange could declare bankruptcy. The ugly turn of events for the public-traded exchange in recent months has le...
Apex builds fully insured bridge from Avalanche to XRP Ledger
Node-as-a-Service provider Apex is building a fully insured bridge from Avalanche (AVAX/USD) to the XRP Ledger, which they plan to launch in August this year, Invezz learned from a press release. The ...
To what extent are your cryptocurrencies insured?
FIDC considers insurance policies for cryptocurrencies while currently it insures up to $250,000 under general conditions. Currently, the insurance for the cryptocurrencies exists and are anchored to...