Search
Don’t Get Your Hopes Up: SVB's Demise Won't Bring Interest Rates Down
15.3.2023
The Federal Reserve’s new Bank Term Funding Program is a backstop for banks – but also a license to let interest rates rip
Today in Crypto: Europol Closes ChipMixer & Seizes BTC 1909, 'Surge in Cold Storage & ETH Layer 2 Usage' Post-FTX, Synalcom & Qori Enable Crypto Transactions for 20K Businesses in 'One Action'
15.3.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Europol Closes ChipMixer & Seizes BTC 1909, 'Surge in Cold Storage & ETH Layer 2 Usage' Post-FTX, Synalcom...
Bitcoin rejects at $25K as US PPI data meets Credit Suisse meltdown
15.3.2023
BTC price attempts to break towards the week's highs, but a charging U.S. dollar creates some serious friction for Bitcoin bulls
When Will Crypto Learn From the Mistakes of Banks?
15.3.2023
It’s time to bring the lessons of TradFi to crypto’s shadow banks, unregulated custodians and offshore exchanges – before another FTX or Silvergate
Who Is Cross River Bank, USDC Stablecoin Issuer Circle’s New Partner?
15.3.2023
The New Jersey-based regional bank has an increased profile after the trio of recent bank collapses – and will likely face added regulatory scrutiny
Report: Shanghai Bank Mulls Buying Silicon Valley Bank’s Stake in Chinese Subsidiary
15.3.2023
According to reports, Shanghai Pudong Development Bank may acquire the China-based subsidiary of Silicon Valley Bank (SVB). Authorities in the Chinese city of Shanghai reportedly back the acquisition, which may help minimize the impact of SVB’s shutdown. In its statement following SVB’s...
Crypto Companies Shift Funds to Asset Managers Including Fidelity Amidst Banking Turmoil
15.3.2023
Crypto companies are moving their money from banks to asset managers as the turmoil in global banks continue, but industry insiders don’t see the bank failures as the end of banking for the crypto sector.
The turmoil in the banking industry has so far led to three major bank failures in the...
MEV Rewards on Ethereum Reach All-Time High During SVB Bank Run and USDC Depeg
15.3.2023
Profits made from MEV were more than twice as high as the last peak during the FTX implosion
Crypto bank Anchorage Digital cuts 20% of staff citing regulatory uncertainty
15.3.2023
It's unclear whether Anchorage Digital’s layoffs relate to the current turmoil in the U.S. banking sector
Mad Money Jim Cramer on BTC Price Surge: ‘I Would Sell My Bitcoin Right Into This Rally’
15.3.2023
The host of Mad Money, Jim Cramer, says he would still sell bitcoin despite the failures of major banks and growing public distrust in the banking system and the Federal Reserve. “Bitcoin is a strange animal,” he said, asserting that the price of the cryptocurrency is “being...
DOJ and SEC to probe SVB collapse and insider stock sales: Report
15.3.2023
The investigations are separate from one another but will both look into Silicon Valley Bank's collapse and stocks sold by executives prior to its fall
Crypto Must Do Better to Be Banked, Say Industry Executives
15.3.2023
The downfall of Silvergate, Signature and Silicon Valley banks have wounded digital assets. But crypto might one day work with big banks if the industry can mature, WAX CEO William Quigley and Maicon CEO Alex Liu suggested
Circle CEO 'able to access' $3.3B of USDC's reserves at Silicon Valley Bank
15.3.2023
Circle’s earlier disclosure that $3.3 billion worth of USDC reserves were held with Silicon Valley Bank resulted in it losing market share to its competitor USDT
Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders
14.3.2023
The parent company of Silicon Valley Bank, SVB Financial Group, and two senior executives have been sued by shareholders after SVB’s collapse last Friday. The proposed class action accuses SVB of hiding the fact that interest rate hikes would leave the bank in jeopardy. Additionally...
Should I Keep My Money in Bitcoin or a Bank?
14.3.2023
The U.S. government is in the business of bailing out banks
Gibraltar's Xapo Bank Enables GBP Payments, Prepares USDC Option Amid U.S. Crypto Banking Crisis
14.3.2023
The retail-focused bank will be allowing users to make payments directly to and from ther U.K. accounts or wallets
Silicon Valley Bank was the tip of a banking iceberg
14.3.2023
Bank forecasting needs to become more than a “check-the-box” motion for regulatory compliance. It needs to be treated as a strategic decision-making tool
Banking Crisis in U.S. Likely to Push Crypto Firms Offshore
14.3.2023
Asset Management Giants Blackstone, Apollo Eyeing SVB Assets: Bloomberg
14.3.2023
SVB collapsed last week following a $42 billion bank run after it announced plans to sell $2.24 billion in new shares
Bitcoin, Ethereum Technical Analysis: BTC Nearing $25,000 as Banks Face Exodus of Deposits
14.3.2023
Bitcoin moved closer to $25,000 on Tuesday, as banking withdrawals rose following the collapse of Signature Bank and Silicon Valley Bank. Reports suggest that withdrawals at the likes of JPMorgan and Citibank are nearing a ten-year high. First Republic Bank has been another major firm to fall, with...