Generative Data Intelligence

Tag: Crypto Bank

FDIC says Signature Bank failed due to mismanagement, risky crypto deposits

The U.S. Federal Deposit Insurance Corporation (FDIC) investigation into the collapse of Signature Bank found that the root cause of its troubles was “poor...

Cameron Winklevoss Claims Regulatory Double Standards Over Banking Crisis

Cameron Winklevoss, co-founder, and CEO of New York-based cryptocurrency exchange Gemini, has accused US regulators of applying double standards in dealing...

Hong Kong Authority Addresses Crypto Account Opening Challenges

HKMA issuing a circular to clarify crypto customer due diligence. Sharing cases and best practices for banks and crypto institutions. Meeting planned to...

Multiple Silvergate Lawsuits Over Alleged FTX Ties Combined by Judge

A California judge has consolidated three investor cases concerning the collapsed crypto exchange FTX against the defunct crypto bank Silvergate Bank....

Crypto Bank Signature Is Latest Financial Closure

Another major bank has closed. This time, the victim is crypto institution Signature Bank, which is the last major digital currency bank in the...

Singapore’s MAS Working on New Guidelines for Crypto Bank Accounts Screening Standards

Singapore authorities are doubling down on efforts to unveil a set of guidelines for banks on vetting crypto clients. As such, the banks...

The Trouble with Crypto Bank Silvergate Is Growing

The trouble surrounding Silvergate Bank appears to be getting worse, and the company has attracted a lot of negative attention in recent weeks after...

Dwpbank to Offer Bitcoin to 1,200 German Banks

Deutsche WertpapierService Bank (Dwpbank), which provides securities processing services to approximately 1,200 banks in Germany, is launching a new platform called wpNex. This platform...

Dwpbank Launches wpNex, Offers BTC Trading To Retail Customers

Dwpbank will launch wpNex platform offering Bitcoin to retail customers of its 1,200 bank partners. The new service will not require additional KYC procedures...

FDIC Gave Flagstar $25 Billion Cash, For Free

Flagstar, the acquirer of the assets of Signature Bank, is boasting they received $25 billion in cash by the Federal Deposit Insurance Corporation (FDIC)....

Signature Bank Sold, Crypto Business Ditched

The third biggest retail bank to fail in the United States, Signature, has been sold to Flagstar Bank, a wholly owned subsidiary of the New...

This Week on Crypto Twitter: Pundits Perform Post-Mortem on Crypto Bank Crisis

Crypto prices rebounded hard this week on news that the U.S. government will intervene to ensure that depositors of the failed industry-servicing institutions Silicon...

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