Tag: signet
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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)....
Weekly Market Wrap: Bitcoin hovers around US$28,000 as banking concerns return. Will it hit US$30,000?
Bitcoin, the world’s largest cryptocurrency by market capitalization, rose 4.82% in the week from March 17 to March 24 to trade at US$27,926 at...
Coinbase pauses support for Signature Bank’s Signet: Report
More than a week after New York regulators closed the crypto-friendly Signature Bank, Coinbase has reportedly stopped support for the institution’s Signet payment platform.According...
Flagstar Takes Over Signature, Minus Its Crypto Business
Following an unsuccessful first attempt by the FDIC to find a buyer for Signature Bank, the latter placed in receivership by the fiscal...
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...
Circle Clears Backlog of USDC Minting and Redemption Requests
Stablecoin issuer Circle said it has cleared “substantially all” of the backlog of minting and redemption requests for USDC. In a March 15 blog post,...
Circle’s USDC bounces back after Silicon Valley Bank bust
In this issueUSDC: Level-peggingSilvergate: Closing actChina finance: Reverse decentralizationFrom the Editor’s DeskDear Reader,Predictions that things will get worse before they get better are commonplace...
Circle’s USDC bounces back after Silicon Valley Bank bust
In this issueUSDC: Level-peggingSilvergate: Closing actChina finance: Reverse decentralizationFrom the Editor’s DeskDear Reader,Predictions that things will get worse before they get better are commonplace...
Analysis | SVB, Silvergate and Why Crypto Still Needs Banks
Touch upon this storyRemarkCrypto’s most ardent supporters current it as the longer term different to common cash. What they generally fail to say...
Crypto-friendly banks closure could pose a challenge for crypto companies
The closure of three major crypto-friendly banks in the US, Signature Bank, Silicon Valley Bank, and Silvergate Bank, has sent shockwaves across the digital...
Circle USDC operations will resume when U.S. banks open Monday: CEO Allaire
Circle The CEO of USDC, Jeremy Allaire, stated on Twitter that the organization’s reserves are “safe and secure,” and that liquidity...
Feds Shut Down Signature Bank, Say Signature and Silicon Valley Bank Depositors Will Be Made Whole
Silicon Valley Bank and Signature Bank depositors will receive their cash on Monday. The announcement was made by Federal Reserve Chairman...
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