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The 40 former branches of Signature Bank will operate under New York Community Bancorp's Flagstar Bank, N.A., from Monday. The FDIC will provide digital-banking business deposits directly to those customers. Non-crypto related deposits held by former Signature Bank (now Signature Bridge Bank) will be assumed by Flagstar Bank, N.A., a subsidiary of New York Community Bancorp, as of Monday under...
(George Rose/Getty Images) The Federal Deposit Insurance Corporation denied it would require any purchaser of Signature Bank to divest its crypto activities. TheFDIC responded toa WednesdayReuters reportwhich said “any buyer of Signature must agree to give up all the crypto business at the bank,” citing two unnamed sources. An FDIC spokesperson denied this to Reuters. An FDIC spokesperson said in...
Circle Ventures, the venture arm of the USDC-issuer, and IDG Capital also joined the round. (Moerschy/Pixabay) KuCoin Ventures, the venture arm of China-focused (but Seychelles-registered) crypto exchange KuCoin, led a $10 million funding round into the stablecoin issuer behind CNHC, a stablecoin pegged to the value of the offshore yuan. CNHC is pegged 1:1 with the offshore yuan, known by...
“Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system,” a joint statement read. Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. (Justin Sullivan/Getty Images) All depositors in Silicon Valley Bank will be made whole and have access to their funds on Monday, federal banking and...
The price of BTC briefly slipped under $20,000 on March 10, although at time of writing was hovering just above that level. Bitcoin briefly slipped below $20,000 for the first time in nearly two months, following the latest budget from United States President Joe Biden and the collapse of “crypto-bank” Silvergate. The price of BTC dipped to $19,945 on March...
SPONSORED Press Release Get Ready to Tokenize Your Assets: Brickken's $BKN Token Public Round is open! With the Token Suite dApp launched and a real-asset pipeline of over +$570M ready to be tokenized, Brickken officially opens the Public Round of the $BKN token to the public on March 1st. This is a chance for people to acquire a part of...
Ecosystem tokens jumped following confirmation from Shibarium developers. DOGE Meme shiba inu (Atsuko Sato) The much-awaited Shibarium blockchain is all set to release its beta version for the layer 2 network this week, Shiba Inu developers said early on Wednesday. A beta testnet is a blockchain that mimics real-world functioning. Layer 2 refers to a set of off-chain solutions (separate...
Crypto podcaster David Hoffman spread (and then retracted) a rumor that the SEC had delivered a Wells Notice to the decentralized staking service. A spokesperson for Lido declined to comment. Bankless co-host David Hoffman retracted his statement that Lido had received a Wells Notice (Danny Nelson/CoinDesk) Join the most important conversation in crypto and Web3 taking place in Austin, Texas,...
Sunrise over Victoria Harbor in Hong Kong China cityscape (Unsplash) Hear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023. Major digital assets plunged as the business day began in Hong Kong on Friday. Bitcoin (BTC) and ether (ETH) both dropped more than 5% ascustomers fled crypto bank Silvergate, whose stock tumbled 58% during U.S....
Israel's sole public stock exchange wants to allow its clients to trade crypto but is facing regulatory resistance. A draft for the approval of an expansion of crypto trading activities to non-banking members has been published by the Tel Aviv Stock Exchange (TASE) for public comments. In a TASE first, a Feb. 27announcementstated the proposed structure will enable customers to...