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Senators slam bank execs for blaming collapses on crypto, pocketing millions
17.5.2023
Senator Lummis noted that Signature Bank’s Scott Shay mentioned digital assets 10 times in his testimony about the bank’s collapse
Tencent-backed Everledger collapses amid lack of funding: Report
8.5.2023
Everledger was quietly placed into insolvency after it didn't manage to materialize its planned funding round from an undisclosed investor
Billionaire Bill Ackman on US Banking Crisis: We Are Running Out of Time to Fix This Problem
7.5.2023
Billionaire Bill Ackman has warned that “We are running out of time” to fix the problem that led to the collapses of regional banks. “How many more unnecessary bank failures do we need to watch before the FDIC, U.S. Treasury, and our government wake up?” he stressed, adding that “We need...
US Treasury seeks to tighten nonbank rules following banking crisis
24.4.2023
Janet Yellen called for further regulation of nonbank institutions claiming they pose a systemic risk to U.S. financial stability
India Seeks Common Crypto Framework for All Countries to Deal With ‘Many Collapses and Shocks in Cryptocurrencies’
12.4.2023
India’s finance minister, Nirmala Sitharaman, said during her official visit to the U.S. that crypto regulation is a very important part of the discussion by the G20 countries given “so many collapses and shocks in cryptocurrencies.” She stressed: “We seek to develop a common...
Crypto Hardware Wallet Maker Ledger Raises $100M Amid Growing Demand for Secure Storage Solutions
31.3.2023
The cryptocurrency hardware wallet manufacturer Ledger has raised €100 million ($109 million) in funding, according to the company’s disclosure on Thursday. Ledger CEO Pascal Gauthier says there has been significant demand for hardware wallets. He added, “2023 is even better for...
Senate Banking Committee Holds Hearing on Recent Bank Collapses, Calls for Tougher Regulations
29.3.2023
On Tuesday, the U.S. Senate Committee on Banking, Housing, and Urban Affairs, also known as the Senate Banking Committee, held a hearing to discuss the recent bank collapses in the United States and the regulatory response. Throughout the testimonies, digital assets and crypto businesses were...
Experts Predict More Bank Failures in the US Following Interest Rate Hike and Unsettled Banking Crisis
27.3.2023
After the recent bank collapses in the U.S., a number of people believe that more failures are coming following the Federal Reserve’s increase of the benchmark interest rate by 25 basis points (bps). American journalist Charles Gasparino insists that Wall Street’s “low-rate”...
Nasdaq Aims to Launch Crypto Custody Services in Second Quarter
26.3.2023
Nasdaq intends to launch its custody services for digital assets like bitcoin by the end of this year’s second quarter. The exchange operator is among those traditional financial firms that want to play a role as intermediaries in the crypto sector which saw the collapse of some major...
Shares of Deutsche Bank, Other Euro Lenders Tumble
24.3.2023
Deutsche Bank shares plunged on Friday, along with the stocks of other European banks, amid investor concerns over the stability of the global banking sector. The drop comes in the aftermath of the recent emergency rescue of Credit Suisse and follows losses in U.S. banks on Thursday. Deutsche Bank...
Crypto Platform Ziglu Courting Buyers After Robinhood Deal Collapses: Report
23.3.2023
Ziglu is also looking to raise around $2.46 million to enable it to continue operating until a sale is agreed
Bank collapses are spurring interest in self-custody startups
20.3.2023
The implosions of Signature Bank and Silicon Valley Bank are giving self-custody startups an opportunity to prosper
US Lawmaker Urges Government to Guarantee All Deposits to Avoid Runs on Smaller Banks
20.3.2023
A U.S. congressman has urged the federal government to temporarily insure every bank deposit in the country. Following the collapses of several major banks, he stressed that if the government does not do this, there will be a run on smaller banks. “This is a contagion that could be spread...
Elon Musk Criticizes Federal Reserve’s Data Latency and Calls for Immediate Rate Drop Amidst Banking Chaos
18.3.2023
Amidst the chaos in the U.S. banking sector, Elon Musk, the CEO of Tesla and owner of Twitter, has been critical of the country’s central bank. Musk insists that the U.S. Federal Reserve is operating with “way too much latency in their data,” and he insists that the central bank...
Crypto Biz: SVB collapses, USDC depegs, Bitcoin still up
17.3.2023
Turmoil in traditional finance spilled over into Bitcoin and crypto markets, forcing federal regulators to step in
Collapse of Silvergate and Silicon Valley Bank represent a challenge for crypto
16.3.2023
The fire lit by Silvergate Bank and Silicon Valley Bank will make it harder for crypto to find financial partners
Crypto firms may turn to ‘shadow banks’ following major collapses — Molly White
15.3.2023
Speaking at the SXSW conference in Austin, Molly White compared crypto companies' current predicament to that in 2017 and 2018, when they had “trouble accessing banking”
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...
Bank Collapses Underscore G-20 Hesitance on Crypto: Source
13.3.2023
The recent collapses of crypto banks have only underscored the hesitancy of the Group of 20 (G-20) on crypto assets, a highly placed G-20 source said
President Biden Calls for Stronger Bank Regulations in Wake of SVB, Signature Bank Collapses
13.3.2023
The government on Sunday evening stepped in to guarantee no losses will be borne by the lenders' depositors