The stability of a banking system is essential to the global financial system and the operations of every fiat-backed stablecoin. The recent failures of Signature Bank and Silicon Valley Bank have cau...
Tag: operations
Binance to Restrict Ukrainian Hryvnia Operations Via 2 Payment Providers – Exchanges Bitcoin News
Crypto exchange Binance will stop processing transactions with Ukrainian hryvnia through two payment platforms later in March. The move follows an earlier suspension of deposits and withdrawals using ...
NatWest also limits UK crypto purchases, Binance halts GBP operations
UK bank NatWest will limit payments to £1,000 a day and £5,000 a month, joining other prominent firms in restricting crypto purchases and transfers, The Block first reported. In NatWest’s announcement...
Circle Business Operations to Resume Monday Morning: CEO
Godfrey Benjamin Jeremy Allaire assured investors of safety of their funds amid SVB chaos After almost a week of turmoil, Jeremy Allaire, the chief executive officer (CEO) of USDC stablecoin issuer Ci...
The Block: Circle USDC operations will resume when U.S. banks open Monday: CEO Allaire
Circle USDC reserves are “safe and secure” and liquidity operations will resume when U.S. banks open Monday, CEO Jeremy Allaire said on Twitter. “We were heartened to see the U...
Ripple discloses exposure to SVB; not caused business operations disruption
While the future of Silicon Valley Bank (SVB) is still being decided, another crypto player has declared exposure to the failed bank. And, this time around the firm in the headlines is Ripple – a popu...
Bank of England halts Silicon Valley Bank UK branch operations
The Bank of England (BoE) has stopped the operations of Silicon Valley Bank’s United Kingdom branch (SVB U.K.), citing its limited presence and no critical functions supporting the financial system. O...
U.S Treasury To Impose 30% Tax On Crypto Mining Operations
On Thursday, March 9, U.S. President Biden revealed his budget proposal for 2024. Under the Biden Budget, the U.S. Treasury Department is looking to introduce a 30% excise tax on crypto mining operati...
Silvergate Made Tough Decision to Wind Down Their Operations
Silvergate began its journey in the crypto industry in 2013. But late last year, the bank announced that it decided to exit warehouse lending and cut 20% of its workforce. It gave the reason for “the ...
NYAG sues KuCoin over New York operations
Kucoin Exchange Company in Africa KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies which was launched in September 2017, KuCoin has grown into one of the mos...
Silvergate to wind down operations and liquidate the bank
Amid the crisis surrounding Silvergate, the parent company of Silvergate Bank, Silvergate Capital Corporation, has revealed plans to shut down operations and “voluntarily liquidate” the bank. The cryp...
Signature Bank plummets in share price pre-market, after news of Silvergate halting operations
Disclaimer: By using this website, you agree to our Terms and Conditions and Privacy Policy. CryptoSlate has no affiliation or relationship with any coin, business, project or event unless explicitly ...
Silvergate Corp., to Liquidate and Wind Down Operations as Regulatory Pressure Mounts
Silvergate Corporation, the parent firm of Silvergate Bank, has announced that it plans to wind down operations and liquidate the bank voluntarily. This decision follows the collapse of the crypto exc...
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...
‘Crypto Friendly’ Bank Silvergate to Wind Down Operations
Blaming “recent industry and regulatory developments,” crypto-friendly bank Silvergate announced today that it is winding down operations. According to a Wednesday press release by Silverg...
Crypto-focused Silvergate Bank to shut down operations
Silvergate Bank decides to liquidate its assets and close shop The bank claims it will make full repayment on deposits The cryptocurrency market sees another player close business. Silvergate Bank, th...
Silvergate Bank will halt operations and undergo liquidiation
Ad Silvergate Bank will wind down operations and undergo liquidation, according to a March 8 press release from its holdings company, Silvergate Capital. Silvergate to shut down bank Silvergate said t...
Silvergate To Close Bank, Wind Down Operations
Per several reports, crypto-friendly bank Silvergate will liquidate the financial institution and reduce its operations. The bank faced issues following the collapse of one of its major partners, cryp...
Silvergate Reveals Intent to ‘Wind Down’ Operations
Crypto bank Silvergate is calling it quits. The company said Wednesday it intends to “wind down operations” and voluntarily liquidate the bank, calling it “the best path forward.” “The bank’s wi...
Silvergate will liquidate bank, wind down operations
Silvergate Capital Corporation said it will wind down operations and voluntarily liquidate the Silvergate Bank in accordance with applicable regulatory processes. “In light of recent indus...
Core Scientific Announces February 2023 Production and Operations Updates
Operated approximately 213,000 owned and colocated bitcoin miners Produced 1,362 self-mined bitcoin and 403 bitcoin for colocation customers AUSTIN, Texas–(BUSINESS WIRE)–$CORZQ #bitcoin—Core Scientif...
TeraWulf Announces February 2023 Production and Operations Updates
Increased self-mining hash rate capacity by > 82% month-over-month to 2.6 EH/s as of February 28, 2023. Energized Nautilus Cryptomine, the first nuclear-powered bitcoin mining facility in the U.S.,...
TeraWulf Announces Energization and Rapid Deployment of Mining Operations at the Nautilus Facility in Pennsylvania
First behind-the-meter bitcoin mining facility powered by 100% nuclear power at scale in the U.S. TeraWulf benefits from a fixed power cost at Nautilus of only $0.02 per kilowatt hour for five years. ...
Goldman Sachs Looking to Scale Their Operations Using Blockchain
The 21st century is the era of tech marvels. A majority of companies operating today are using advanced equipment to enhance their productivity. Blockchain has managed to enter major markets and attra...
SEC Issued Subpoena to Robinhood Over its Crypto Operations
Robinhood Markets said it received an investigative subpoena from the US Securities and Exchange Commission (SEC) in December. The agency’s move is part of a major crackdown against the digital asset ...
Novavax Says ‘Substantial Doubt’ Around Its Continuing Operations
Covid-19 vaccine manufacturer Novavax said Tuesday that there is “substantial doubt” about its ability to continue operating through this year. In a quarterly earnings report issued after the market c...
Alpine Signs QANplatform as Official Blockchain Partner to Support Fan Engagement, Operations
[PRESS RELEASE – Tallinn, Estonia, 28th February 2023] Alpine Esports partners with QANplatform to create new ways to gamify their content to attract new viewers and engage with fans QANplatform will ...
Alpine Esports Signs QANplatform As Its Official Blockchain Partner To Support Fan Engagement, Team Performance and Operations
February 28, 2023 – Tallinn, Estonia Alpine Esports partners with QANplatform to create new ways to gamify their content to attract new viewers and engage with fans. QANplatform will support internal ...
ALPINE ESPORTS SIGNS QANPLATFORM AS ITS OFFICIAL BLOCKCHAIN PARTNER TO SUPPORT FAN ENGAGEMENT, TEAM PERFORMANCE AND OPERATIONS – Cryptopolitan
Tallinn, Estonia, 28th February, 2023, Chainwire Alpine Esports partners with QANplatform to create new ways to gamify their content to attract new viewers and engage with fans QANplatform will suppor...
Australian Regulators To Review Binance’s Local Derivatives Operations
11 seconds ago | 2 mins read Exchange News Binance, will be subject to a review of its local crypto derivatives operations as per ASIC. The ASIC prohibits the general public from participating in deri...