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The cryptocurrency industry experienced its own set of failures last year when numerous internal companies and projects imploded, resulting in declining prices, countless bankruptcy filings, and, somewhat expectedly, lots of…
Following the second-largest bank collapse in American history on Friday, market participants are worried about which firms might be caught up in the contagion surrounding Silicon Valley Bank (SVB). Here’s…
At the time of writing, USDC lost 3% of its value as it traded at $0.969, and a Circle executive envisions broader implications for business, banking and entrepreneurs without a…
Circle's reserves are held in a number of banks in the United States, including Silvergate, Silicon Valley Bank, and Bank of New York (BNY) Mellon.
The recent collapse of crypto-friendly bank Silvergate will likely increase regulatory scrutiny on the ties between the crypto industry and the banking sector in the U.S.
The FDIC stated that as receiver, it had immediately transferred all insured deposits of Silicon Valley Bank to the newly created Deposit Insurance National Bank of Santa Clara (DINB).
The company claimed that the bank's voluntary liquidation is its best path forward due to recent industry and regulatory developments.
In a brief and straightforward message, crypto exchange Gemini denied reports and said its banking relationship with JPMorgan remains intact.
Dubai-based Bybit is the latest crypto exchange to suspend USD wire transfers claiming partner disruptions.
The bank is discontinuing its crypto payment network, claiming the termination is a risk-based decision.