Regulators are scurrying to sell assets of the failed Silicon Valley Bank this weekend and hope to make between 30% to 50% of uninsured deposits available for withdrawal Monday, Bloomberg reported. &#...
Tag: regulators
Bank of England Shuts Down Silicon Valley Bank’s UK Branch After US Regulators Close Parent Company – Bitcoin News
After U.S. regulators shut down Silicon Valley Bank (SVB) on Friday, the Bank of England has closed the company’s U.K.-based arm. The central bank explained that it intends to place the subsidiary int...
Where Were the Regulators as SVB Crashed?
Silicon Valley Bank’s failure boils down to a simple misstep: It grew too fast using borrowed short-term money from depositors who could ask to be repaid at any time, and invested it in long-term asse...
Silicon Valley Bank Shut Down by Regulators Amid Financial Woes
43 seconds ago | 2 mins read Altcoin News The bank was shut down by authorities and transferred to the supervision of FDIC. On Wednesday, SVB reported that it had sold several instruments at a loss. A...
As Banks Topple, Regulators Face Reckoning for Week of Mayhem
(Bloomberg) — On Monday, the head of the Federal Deposit Insurance Corp. warned a gathering of bankers in Washington about a $620 billion risk lurking in the US financial system. Most Read from ...
US senators write to banking regulators about potential crypto discrimination
Four United States Republican senators lead by Bill Hagerty have written a letter to the heads of federal banking regulatory agencies questioning the ideological motivation behind recent regulatory mo...
US Regulators Close Silicon Valley Bank in One of the Largest Bank Failures Since Washington Mutual – Bitcoin News
After Silicon Valley Bank (SVB) experienced financial turmoil, the U.S. Federal Deposit Insurance Corporation (FDIC) and the California Department of Financial Protection and Innovation closed the fin...
US Regulators Seize Silicon Valley Bank, To Protect Depositors
Crypto News: California regulators have reportedly seized Silicon Valley Bank in what could be the largest bank failure in the recent times. This news comes amid the bank’s attempts to sell itself aft...
Deaton Plans to Counter Suit As Regulators Allege Ethereum is Security After XRP
After XRP, Regulators Allege Ethereum (ETH) Is a Security. The NYAG alleges that ETH passes Howey’s test, positing that it “is a speculative asset that relies on the efforts of third-party developers ...
Regulators Caution Crypto Investors on “Proof of Reserve” Reports
The Public Company Accounting Oversight Board (PCAOB) has cautioned investors about relying on “proof of reserve” reports. The PCAOB emphasized these reports are not audits and do not follow any speci...
Framework Ventures Is ‘Optimistic That Regulators Are Much More Educated’ About Crypto Than in Past
Framework Ventures Is ‘Optimistic That Regulators Are Much More Educated’ About Crypto Than in Past Brandon Potts, a principal at Web3 VC firm Framework Ventures, spoke to Decrypt’s ...
UK May Shut Down Crypto ATMs Soon As Regulators Launch Investigation to Tackle Illicit Activity in London
In recent years, cryptocurrency has emerged as a popular form of investment and financial transactions, with many people turning to digital currencies like Bitcoin and Ethereum. However, the rise of t...
Machine money gains traction among EU regulators; stablecoins under consideration
Ad As the crypto asset market has expanded dramatically in recent years, stablecoins have also experienced remarkable growth. In response to this, the Digital Euro Association (DEA) issued a report an...
American regulators are pushing hard against crypto: Law Decoded, Feb. 28–March 6
Crypto mining operators, custodians and Binance personally received a fine doze of the United States officials’ attention last week. American lawmakers and regulators continue to compete in thei...
Binance Moves to Fix Compliance May Not Placate US Regulators
Binance reportedly conceived a plan to throw off US regulators after it became apparent that authorities there were cracking down on the industry. A Binance spokesperson told Blockworks the exchange d...
Binance tried to hire Gary Gensler in 2018 for closer ties with U.S. regulators: Report
Crypto exchange Binance sought to hire Gary Gensler as an adviser before he became chairman of the United States Securities and Exchange Commission, according to a Wall Street Journal report based on ...
Blockchain projects face ‘lack of appetite’ from US regulators, says Austin Federa
Austin Federa, head of strategy at the Solana Foundation, spoke to Cointelegraph at the ETHDenver conference on the network’s outages, the impact of regulation on other projects, and the launch of its...
Coinbase Challenges US Regulators With Launch of New Nationwide Crypto Advocacy Campaign
Top US crypto exchange Coinbase is launching a nationwide campaign to advocate for favorable digital asset regulations. Coinbase tells its 5.6 million Twitter followers that Crypto435 is a new initiat...
$1B Voyager-Binance Deal Benefits Halved if Alameda Loan Claim Succeeds: Texas Regulators
“While Binance.US has affirmatively represented to its customers that it was working on getting licensed in Texas, Binance.US has never applied for a license with the SSB (State Securities Board) and,...
US regulators targeting centralized exchanges, but crypto markets remain resilient – Cryptopolitan
US regulators are cracking down on cryptocurrency exchanges following the collapse of FTX. However, the crypto markets appear to be unfazed and are continuing their upward trend. Ethereum prices conso...
Bitcoin retirement plans elicit caution from regulators
Even as the crypto market continues to forge an impressive recovery from the 2022 bear market, the industry continues to attract the wrath of regulators worldwide, especially in the United States. Thr...
Aussie regulators review Binance Australia Derivatives over account closures
Binance Australia Derivatives sent an abrupt message to a select group of users on Feb. 23, saying it would be immediately closing their accounts due to a false classification of some users as “wholes...
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...
US Regulators and Federal Reserve Issue Joint Warning About Crypto Liquidity Risks – Regulation Bitcoin News
U.S. regulators and the Federal Reserve have issued a joint warning about key liquidity risks associated with crypto assets. However, the regulators clarified that banks “are neither prohibited nor di...
Regulators, China and Ruja Ignatova
Crypto news: We bring you a round up of what’s been happening in crypto this week. The U.S. makes life even more difficult for crypto firms, while attention turns (almost implausibly) to China for goo...
US Banking Regulators Warn Banks About Crypto Liquidity Risks
“Such deposits can be susceptible to large and rapid inflows as well as outflows, when end customers react to crypto-asset-sector-related market events, media reports, and uncertainty,” the regulators...
Canadian Regulators Say No to Algorithmic Stablecoins
The Canadian Securities Administrators (CSA)—made up of securities regulators from each of the 10 provinces and 3 territories in Canada—have published a long list of new requirements for crypto compan...
Crypto Regulatory Initiatives Show SEC’s Dominance Among US Regulators: JPMorgan
Its actions have also shown the SEC’s bias in viewing most crypto, with maybe bitcoin (BTC) as the only exception, as securities, the report said. It noted that SEC Chair Gary Gensler started pushing ...
South Korean Regulators Express Concerns Over Binance’s GOPAX Acquisition
The world’s largest cryptocurrency exchange Binance, entered the South Korean market on February 13 for the first time in two years after it purchased the bulk of GOPAX, the fifth-largest cryptocurren...
Binance’s Entry Into South Korea Under Scrutiny by Regulators
2 hours ago | 2 mins read Exchange News Binance had acquired a controlling stake in the local exchange GOPAX. Regulators are weighing whether to maintain or sever connections between the two parties. ...