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Nalezeno "collapses": 210

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

Coinbase, Celsius and Paxos disclose funds in Signature Bank

13.3.2023
The crypto-friendly Signature Bank was a key partner for many crypto firms, some which have been voluntarily disclosing their exposure to the recently closed firm

Extreme Market Turbulence: Critics Call Warren’s Silvergate Take ‘Terribly Misinformed,’ SVB Collapses, Vitalik’s Token Sell-Off Moves Markets, and More — Week in Review

12.3.2023
It’s been a turbulent week in finance with the so-called crypto-friendly Silvergate Bank announcing its liquidation, U.S. Senator Elizabeth Warren blaming the event on “crypto risk,” and individuals on social media pointing out that Warren is “terribly misinformed.”...