Cryptocurrency bank Anchorage Digital will lay off approximately one-fifth of its staff, according to a report from Bloomberg on March 14. Anchorage lays off 20% of staff Bloomberg reported that, base...
Tag: Shutdown
Signature Bank Shutdown Caused by ‘Crisis of Confidence’ in Leadership, NYDFS Says
“The decisions made over the weekend were not crypto related,” the spokesperson said. “Signature was a traditional commercial bank with a wide range of activities and customers, incl...
New York Regulator Blames Signature Bank Shutdown on Leaders
The New York State Financial Services Department said the shutdown of Signature Bank was due to a lack of transparency rather than crypto. The state regulators said that the bank’s leaders caused a cr...
Signature Bank Shutdown Was Politically Motivated, Says Expert
One of the Dodd-Frank Act drafters, Barney Frank, said regulators shut Signature Bank down to send an anti-crypto message. In shocking revelations, Frank told CNBC that there was “no real objective re...
The Big Scandal Behind Pro-Crypto Signature Bank Shutdown
Signature Bank, another major crypto-friendly institution, was shut down by regulators on Sunday. The New York financial institution, with a large lending business in the crypto industry, was caught i...
Okcoin Halts U.S. Dollar Deposits After Signature Bank Shutdown
Okcoin, the U.S. affiliate of cryptocurrency exchange OKX, announced on March 13 that it had no exposure to defunct U.S. tech bank Silicon Valley Bank (SVB). However, Okcoin CEO Hong Fang stated that ...
Signature Bank Announces Shutdown In Another Blow to Crypto
In another major blow to the crypto industry, regulators announced the shutdown of yet another crypto-friendly bank aka Signature Bank. The collapse of Silicon Valley Bank (SVB) last week has already ...
Signature Bank Gets Shutdown By Regulators Following SVB
Yet another crypto-friendly bank has been forced to shut its doors: Signature Bank – the bank numerous crypto firms retreated to after Silvergate revealed operational difficulties earlier this month. ...
Circle Plans to Cover USDC Shortfall After SVB Shutdown
Circle, the issuer of the stablecoin USD Coin (USDC), has been forced to take action to cover a significant shortfall in its reserves after the closure of Silicon Valley Bank (SVB), one of the largest...
Traders are Moving Out of USDC After Silicon Valley Bank Shutdown
The sudden collapse of the US-based Silicon Valley Bank (SVB) is generating tremors in the US stock market. Regulators shut down SVB due to the sudden downfall of Silvergate Capital Corp on Friday. Th...
Assessing EOS agony as Silvergate shutdown leads Block.One to count losses
The Silvergate Bank situation directly affected EOS’ founding company. Price action showed that the token short-term projection could be far from respite. The native token of the EOS Network [EOS] suf...
Riot Stock Price tumbles 12%; Silvergate Bank announces shutdown
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Silvergate reportedly talks with FDIC on ways to avoid shutdown
United States banking regulators have reportedly been sent to Silvergate’s headquarters in La Jolla, California — looking for ways to save the crypto-friendly bank from a possible shutdown. A M...
Quix NFT Market Saved From Shutdown by Web3 Gaming Player
Optimism’s largest NFT marketplace has revealed that it will not shut down after all. The team revealed that a prominent player from the web3 gaming space had swooped in. Quix, the largest NFT marketp...
Ethereum Core Developer Explains Why Goerli Testnet Will Shutdown
Tim Beiko said the Goerli testnet would ultimately be put to rest. Consequently, future testnets, including Sepolia, can mint more ETH. The next major network upgrade on Ethereum will be live on Tuesd...
BTC Lightning-Enabled Wallet BlueWallet to Shutdown Bitcoin Node Lndhub.io
Bitcoin wallet service provider BlueWallet has decided to shut down Lndhub.io, a Lightning Network node on the Bitcoin Network used to store and trade satoshis (sats) – the smallest denomination of th...
Ripple’s David Schwartz Raises Red Flag, Hints At Possible Shutdown In The US
Ripple’s CTO, David Schwartz, recently made a statement suggesting that Ripple is contemplating shutting down its operations in the United States due to the ongoing legal battle with the SEC. This has...
SEC Going After Staking? From Coinbase’s Rumor To Kraken’s Staking Shutdown
Concerns mount across the community as two big events surfaced within 24 hours. Will the SEC ban crypto staking? Coinbase’s CEO Warns That SEC Might Ban Crypto Staking In a series of Tweets posted tod...
ETH and SOL NFTs in trouble after market shutdown? Analyzing…
Both NFTZ and the Rally sidechain announced plans to close the projects. Ethereum and Solana NFTs increased sales in the last 30 days. Despite some resurgence in NFT prices and transactions, the ecosy...
DCG Confirms Shutdown of Wealth Management Subsidiary HQ
Digital Currency Group (DCG), the crypto conglomerate that owns beleaguered crypto broker Genesis and digital asset manager Grayscale, confirmed Thursday that it is shuttering HQ, its wealth managemen...
Celsius’ Mining Rigs to be Shut-down by Core Scientific
Celsius filed for bankruptcy on July 12, 2022, and Core Scientific filed on December 21, 2022. The plug will be pulled on Celsius’ mining rigs on January 3, 2022, as per court orders. The host compan...
House Passes $1.7 Trillion Spending Bill To Avoid Government Shutdown
Topline The House of Representatives approved a $1.7 trillion bill to keep the federal government funded until September, sending the massive omnibus spending package to President Joe Biden’s desk hou...
Lawmakers Reach Tentative Agreement On $1.7 Trillion Funding Deal For 2023 — But Republican Opposition Persists With Days To Go Before Shutdown
Topline Bipartisan negotiators in Congress unveiled a $1.7 trillion government spending package early Tuesday morning that would fund the federal government for the rest of the current fiscal year and...
Ren Protocol’s imminent shutdown likely, $15 million still at risk
Ren Protocol may shut down at any moment, taking $15 million of funds remaining on the network with it — hence the project’s warnings on Twitter. What’s unique here is that the project’s team do...
Senate Passes Stopgap Funding Bill, Averting Government Shutdown
Topline The Senate on Thursday passed a stopgap bill to fund the government for an additional week, staving off Friday’s looming government shutdown as lawmakers race to finalize a broader funding pac...
Congress Reaches Deal To Avert Government Shutdown For 9 More Days — Teeing Up Another Clash
Topline Lawmakers announced late Tuesday they reached an agreement on a short-term budget deal to avert a government shutdown for another week after the existing funding bill expires on Friday, and th...
Which Stocks Are Going To Suffer From A Rail Shutdown?
WASHINGTON, DC – U.S. President Joe Biden speaks after signing bipartisan legislation averting a … [+] rail workers strike in the Roosevelt Room at the White House. Getty Images Key Takeaw...
Saylor Says SEC Should Shutdown Ripple For Offering XRP As An Unregistered Security
– Advertisement – MicroStrategy co-founder said XRP is an unregistered security. Over the past two years, several cryptocurrency experts have commented on the lawsuit between Ripple and th...