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Silvergate, SBV collapse ‘definitely good’ for Bitcoin, Trezor exec says
14.3.2023
While Signature’s Barney Frank referred to the recent events with SVB as an “anti-crypto message,” Trezor’s Josef Tetek says they are “definitely good” for Bitcoin
U.K. Bank NatWest Limits Daily Crypto Payments to $1,200
14.3.2023
Customers will be limited to payments of 1,000 pounds ($1,218) per day and 5,000 pounds over a 30-day period
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...
SVB crisis: Here are the crypto firms denied exposure to troubled US banks
14.3.2023
Some of the biggest firms in crypto have denied exposure to any of the failed banks in the United States
Bitcoin Options Volume on Deribit Hits Highest Level in 22 Months as Bank Failures Breed Volatility
14.3.2023
Traders seek options to hedge against market volatility as U.S. bank failures triggered sharp repricing of interest rate expectations
Santander, HSBC, Deutsche and Others Still Willing to Serve Crypto Clients After Banking Failures, DCG Says
14.3.2023
Major banks are still willing to work with crypto firms though they may implement service restrictions, according to messages viewed by CoinDesk
Bitcoin market cap flips tech giant Meta, widens gap on Visa
14.3.2023
BTC’s market cap has climbed to the 11th spot amongst top assets by market cap and now sits behind electric vehicle maker Tesla
Debtors saved over $100M using de-pegged stablecoins to repay loans
14.3.2023
Debtors jumped on the opportunity to grab a discount on their loan repayments when USDC and DAI de-pegged from the dollar
HSBC Acquires Silicon Valley Bank UK — Sale Facilitated by Government, Bank of England
14.3.2023
The British government and the central bank, the Bank of England, have facilitated a private sale of Silicon Valley Bank UK to HSBC, according to Chancellor of the Exchequer Jeremy Hunt. He stressed that “Deposits will be protected, with no taxpayer support.” British Government Announces...
Signature Bank’s Signet Platform Still Works, But Some Clients Have Moved On
14.3.2023
A source told CoinDesk the real-time payments platform, popular with crypto businesses, will continue to be offered under the newly established Signature Bridge Bank entity
SD Governor Urges 20 States to Block Legislation That Bans Crypto’s Use as Money — Says ‘Its a Threat to Our Freedom’
14.3.2023
South Dakota Governor Kristi Noem has vetoed a bill that bans the use of cryptocurrencies, including bitcoin, as money. The bill, masquerading as a Universal Commercial Code (UCC) guidelines update, also paves the way for central bank digital currencies (CBDCs). Emphasizing that this bill...
CBDCs should protect privacy, not be a surveillance tool: Former CFTC chair
14.3.2023
The former CFTC chair argues that AML and KYC measures are outdated and constitutionally questionable and said crypto technology can do better
US Fed faces internal probe over Silicon Valley Bank failure
14.3.2023
Federal Reserve chair Jerome Powell said a "careful and thoughtful" review is needed to understand how the bank collapsed under its watch
Goldman Sachs Now Expects No Rate Hike in March Due to Stress in US Banking System
14.3.2023
Goldman Sachs has revised its U.S. interest rate forecast due to “stress in the banking system.” The global investment bank no longer expects the Federal Reserve to raise interest rates at its Federal Open Market Committee (FOMC) meeting in March after the central bank announced...
FDIC to attempt another auction of Silicon Valley Bank: Report
14.3.2023
Regulators are planning another auction for Silicon Valley Bank after the previous attempt to find a new owner failed
Robert Kiyosaki Warns of ‘Crash Landing Ahead’ as Bailouts Begin — Advises Buying More Bitcoin
14.3.2023
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has reiterated his bitcoin, gold, and silver recommendation. Emphasizing that government bailouts have begun following the collapses of Silicon Valley Bank and Signature Bank, Kiyosaki warned that the Fed will inject...
Investors Dumped a Record Amount of Bitcoin Last Week, Only to Miss Out on a Face Ripping Rally
14.3.2023
Digital asset investment products saw their highest-ever weekly outflow last week, according to the latest Digital Asset Fund Flows Weekly Report released by CoinShares. The $255 million in net outflows amounted to 1.0% of total assets under management (AuM) fleeing from the space....
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Banking Crisis Won’t Kill Crypto-Banking Despite Short-Term Pain
14.3.2023
From alternative banks to on-chain banking, crypto banking still has plenty of options, experts say
Bitcoin Spike to $24.5K Stemmed From Regulators' Bank Interventions, Binance Stablecoin Conversion, Investor Hopes for Fed Dovishness
14.3.2023
Investment banking giant Goldman Sachs analysts have predicted that the U.S. central bank will not raise interest rates at its next FOMC meeting on March 22, according to a report