Tag: New York Regulators
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SBF legal fees, BTC market cap flips Meta and USDC climbs back to $1: Hodler’s Digest, March 12-18
Top Stories This Week Sam Bankman-Fried petitions court to prioritize reimbursing his legal fees Sam Bankman-Fried (SBF) is seeking to use FTX’s corporate insurance...
Bitcoin Rallies as Silicon Valley Bank Parent Files for Bankruptcy
Bitcoin and other cryptocurrencies rallied on Friday, just as tech-friendly bank Silicon Valley Bank’s former parent company filed for Chapter 11 bankruptcy and stocks...
Silvergate, Silicon Valley Bank, Signature and the “unbanking” of U.S. crypto
Over the course of a single week we witnessed, in fast succession, the collapse of three of probably the most crypto-friendly banks within the...
FDIC Requires Potential Buyers of Failed U.S. Banks to Give Up Crypto Services
The Federal Deposit Insurance Corporation (FDIC) has requested banks interested in acquiring failed U.S. lenders, such as Silicon Valley Bank and Signature Bank, to...
Binance’s New Flame TUSD Secures Zero-Fee BTC Trading as BUSD Sinks
The benefit of zero-fee BTC trading has been removed from BUSD on Binance amid “recent events.” The exchange’s now preferred Stablecoin, TUSD, has the...
Moody’s Downgrades US Banking Sector to Negative After Collapse of Three Major Banks
After the failure of three major U.S. banks last week, with two of them being the second and third largest banking failures in...
SEC, DOJ Investigating Insider Stock Sales at Silicon Valley Bank: WSJ
The U.S. Justice Department and the U.S. Securities and Exchange Commission are investigating the collapse of Silicon Valley Bank, according to a report today...
Crypto Firms Report Funds Tied Up with Shuttered Signature Bank
On March 12, New York regulators and the United States Federal Deposit Insurance Corporation shut down Signature Bank, a crypto-friendly bank that had reportedly...
Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits
Circle Financial, the issuer of the stablecoin USDC, is partnering with Cross River Bank after its former settlement partner, Signature Bank, was closed...
Former Coinbase Employee Guilty of Insider Trading; Will Be Sentenced in May
Not that long ago, Live Bitcoin News published an article talking about how the brother of a former Coinbase employee was found guilty of...
Circle CEO says stablecoin regulation should not be assigned to U.S. SEC
Ad Circle CEO Jeremy Allaire told Bloomberg on Feb. 23 that the U.S. Securities and Exchange Commission should not be tasked with regulating stablecoins.Allaire...
Paxos asserts that Binance USD is not a security under two separate tests
Ad Paxos published a letter from its CEO, Charles Cascarilla, on Feb. 21 in which the executive discussed the company’s ill-fated BUSD stablecoin.On Feb....
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