Ex-congressman and the man behind the Dodd-Frank Act Barney Frank has said Signature Bank was shuttered in part to attack the digital asset industry. The former lawmaker, a Signature Bank board membe...
Tag: Shut
Feds Shut Down Signature Bank, Say Signature and Silicon Valley Bank Depositors Will Be Made Whole
All depositors in Silicon Valley Bank will have access to their funds starting Monday—as well as depositors of Signature Bank, which was also shut down Sunday by New York’s state chartering authority....
Was Signature Bank Intentionally Shut Down To Kill Crypto’s Last Major Banking Hope?
According to reports, customers of Signature Bank withdrew more than $10 billion in deposits on Friday after being alarmed by the sudden failure of Silicon Valley Bank. As a result, the run on deposit...
US regulators shut down Signature Bank despite ‘no insolvency’: Report
Barney Frank, a former member of the United States House of Representatives, has reportedly suggested New York regulators closed the crypto-friendly Signature Bank as part of a seeming show of force. ...
Privacy blockchain platform Aztec to shut down Aztec Connect
Privacy blockchain platform Aztec has announced that it will be shutting down Aztec Connect, the network’s privacy infrastructure that acts as the encryption layer for Ethereum. The network was ...
Crypto-friendly Signature Bank shut down by regulators, after collapses of Silicon Valley Bank, Silvergate
State authorities closed Signature Bank SBNY, -22.87% Sunday, after Silicon Valley Bank was shut down by regulators on Friday in the biggest bank failure since the 2008 financial crisis, according to ...
Crypto-Friendly Signature Bank Shut Down by State Regulators
“Signature Bank is a New York state-chartered commercial bank and is FDIC-insured, with total assets of approximately $110.36 billion and total deposits of approximately $88.59 billion as of Dec...
Two Major Banks Shut Shop $BTC
The loss of these two major banks has hit the crypto space especially hard. Let’s see how this development affected the market and check out some newsworthy crypto moments from this week. DeFi Popula...
Silicon Valley Bank’s UK branch shut down by Bank of England
The Bank of England (BoE) has halted the operations of Silicon Valley Bank’s U.K. branch (SVB UK), stating that it has a “limited presence” and no “critical functions” supporting the financial system ...
SVB shut down, Powell has to decide between a new financial crisis or raising inflation target
Ad TLDR At the upcoming Federal Open Market Committee (FOMC) meeting on March 22, a 25 basis point rate hike is the favored probability. A terminal fed funds rate of 5.50% with a 25bps cut at the end ...
Silicon Valley Bank ($SIVB) Shut Down By Banking Regulator
– Advertisement – Silicon Valley Bank has been shut down by the California Department of Financial Protection and Innovation. The FDIC-insured crypto-friendly bank was shut down by the ban...
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...
Blockchain.com Decides to Shut Down London-based Crypto Asset Management Wing
Citing the strong deterioration in the macroeconomic data, Blockchain.com decided to shutdown BACM that served institutional players. The crypto market turmoil and liquidity issues have been impacting...
Crypto-friendly bank Silicon Valley Bank shut down by California regulator
On March 10, the California Department of Financial Protection and Innovation (DFPI) ordered Silicon Valley Bank, a major financial institution for venture-backed companies, to be closed—making it the...
SVB Shut Down By California Regulator After Bank Stocks Crash Amid Turmoil
Topline Silicon Valley Bank Financial was closed by a California regulator on Friday amid the ailing firm’s attempts to seek a buyer and raise capital—intensifying turmoil that prompted concerns of po...
Silicon Valley Bank shut down by California regulator
Silicon Valley Bank, a major financial institution for venture-backed companies, was shut down by California’s financial watchdog on March 10 — marking the first Federal Deposit Insurance Corporation-...
Signature Bank’s Stock Sinks 10% as Silvergate Prepares to Shut Down
Shares of Signature Bank fell Thursday after Silvergate, another leading bank for crypto firms, said it plans to wind down operations. Signature’s stock price fell upwards of 10% to around $92.40 per ...
Bitcoin Dives Below $22,000 As Crypto-Friendly Bank Silvergate Prepares to Shut Down
Crypto-friendly bank Silvergate says it’s decided to wind down operations and liquidate, making it the latest company to be leveled by the collapse of FTX. The news triggered a 36% after hours crash i...
Crypto Bank Silvergate Will Shut Down Amid Financial Peril
Topline California crypto banking giant Silvergate Capital announced Wednesday it is ending operations and liquidating its Silvergate Bank, sending its stock price plummeting, following a months-long ...
Wall Street’s most successful hedge fund just politely told Fed Chair Jay Powell to shut up
If there was one piece of advice the boss of hedge fund Citadel LLC would give to the Federal Reserve, it would be to stop talking so much. Every time Fed Chair Jay Powell opens his mouth to discuss a...
Silvergate to shut down; 3AC founders advance OPNX plans
Ad The biggest news in the cryptoverse for March 8 saw Silvergate Capital announce that its crypto bank will halt operations following earlier reports that it would attempt a recovery with the FDIC. M...
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...
FCA Enforces Shut Down of Unregistered Crypto ATMs in UK
The U.K. Financial Conduct Authority (FCA) is taking action again against illegally-operating crypto ATMs, this time in East London. Last month, the agency conducted a similar operation in Leeds. The ...
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...
Put Up Or Shut Up Time For America’s Troubled New Aircraft Carrier
Old-school steam still works—the advantages of the USS Ford’s new electromagnetic flight deck … [+] machinery have yet to translate from PowerPoint to reality. U.S. Navy As the Pentagon’s ...
Ripple May ‘Walk Through Door and Slam It Shut’ in SEC Case, Ripple CTO Says
Yuri Molchan Founder of Dizer Capital is somewhat confused by Ripple CTO’s words about Ripple ‘shutting the door’ behind it Contents Ripple threatens Gensler with Supreme Court Rippl...
Ripple CTO Hints That Company Could Shut the Door on the U.S. Market
It comes in response to speculations surrounding a previous ominous tweet from the executive. David Schwartz, chief technology officer at Ripple, has hinted that the blockchain payments company could ...
Solana Spaces to Shut Down Its Stores in NYC and Miami
Though the initiative by Solana Spaces was creative and path-breaking, it was short-lived. Solana Spaces, a physical retail, educational, and community space dedicated to Web3, will close its outlets ...
India’s WazirX Announces Shut Down of NFT Marketplace
10 hours ago | 2 mins read NFT News They were elated to announce the opening of India’s first NFT Marketplace in June of 2021. Company leaders expressed appreciation to customers and business associat...
Solana Spaces to shut down NYC and Miami stores
Solana Spaces shuts stores seven months after opening its first physical location. However, the company has already made plans to continue engaging with the community. Solana Spaces, the Web3 onboardi...