County Banks Financial News

27.03 / 06:35

business regulation exchanges Bitcoin Hong Kong Crypto Hong Kong crypto firms seeing interest from Chinese banks: Report

Crypto firms setting up in Hong Kong ahead of a new licensing regime for crypto exchanges in June have reportedly found some unexpected allies in the region — Chinese state-owned banks.

26.03 / 06:13

Government Adoption Venture Capital Bitcoin businesses Businesses should hold two payrolls 'worth of cash' in crypto: Tim Draper

American venture capital investor and entrepreneur Tim Draper advised founders to keep at least two payrolls worth of cash in Bitcoin (BTC) or alternative cryptocurrencies,in response to the uncertainty created by the collapse of Silicon Valley Bank (SVB).

26.03 / 02:29

regulation Liquidity Bloomberg Federal Reserve US contemplates 'expanding' emergency lending facility for banks: Report

United States authorities are reportedly deliberating on extending an emergency credit line for banks, “in ways” which may provide First Republic Bank with a time buffer to address its balance sheet concerns, according to people with knowledge of the situation.

25.03 / 00:57

business MasterCard MetaMask Bitcoin Bitcoin climbs network Crypto Biz: Mastercard opens network to USDC, OKX departs Canada, Bitcoin climbs

Take, for example, the recent issues that Circle-issued USD Coin (USDC) faced when it depegged from the U.S. dollar following Silicon Valley Bank’s collapse. Two weeks later, Mastercard boldly integrated the stablecoin into its infrastructure in the Asia-Pacific region, allowing users to spend USDC through its network. It’s happening, folks!

21.03 / 20:57

Government regulation CryptoUK calls on regulators to address de-banking of digital asset firms

The self-regulatory trade association CryptoUK has proposed providing a ‘white list’ of registered firms in the United Kingdom to address banks limiting or banning transactions to crypto companies.

19.03 / 11:07

Government regulation us government Bitcoin Dollar Financial Peter Schiff blames ‘too much gov't regulation’ for worsening financial crisis

The recent fall of major banks in the United States and the need for federal intervention reignited discussions to identify the most effective ways to safeguard the crumbling economies. Comparing the episode to the financial crisis of 2008, prominent economist Peter Schiff found that increasing banking regulations contribute to the worsening financial crisis.

19.03 / 02:49

regulation Bloomberg Insurance banking Silvergate US midsize banks seek FDIC Insurance on 'all deposits' for 2 years: Report

The Mid-Size Bank Coalition of America (MBCA) has reportedly asked United States federal regulators to extend insurance on all deposits for the next two years.

19.03 / 00:35

Twitter Betting Bitcoin Bitcoin Price Former Coinbase CTO makes $2M bet on Bitcoin's performance

Former Coinbase chief technology officer Balaji Srinivasan has made a millionaire bet on Bitcoin's (BTC) price over the next 90 days, predicting the cryptocurrency price will reach $1 million by June 17.

18.03 / 08:43

business Adoption Central Bank banking Silicon Valley Bankruptcy More 186 US banks well-positioned for collapse, SVB analysis reveals

The perfect mix of losses, uninsured leverage and a greater loan portfolio, among other factors, resulted in the fall of Silicon Valley Bank (SVB). Comparing SVB’s situation with other players revealed that nearly 190 banks operating in the United States are at potential risk of a run.

17.03 / 01:45

business Federal Reserve Central Bank Collapse of Silvergate and Silicon Valley Bank represent a challenge for crypto

The collapse of Silicon Valley Bank (SVB) and Silvergate Capital, some of the most crypto-friendly banks in the industry, has forced many crypto firms to hold their breath. The loss of a significant banking partner for many companies means it will be even harder for them to comply with regulations and offer their services in a way that is consistent with the expectations of the United States Securities and Exchange Commission.

16.03 / 00:49

regulation Federal Reserve Signature Bank regulatory Senator Warren says Fed chair 'has to recuse himself' from reviewing regulatory failures

Massachusetts Senator Elizabeth Warren, one of the more prominent anti-crypto voices in the United States Congress, has called on Jerome Powell to recuse himself amid an internal probe at the Federal Reserve.

15.03 / 20:19

regulation Congress Signature Bank lawmaker US lawmaker accuses FDIC of using banking instability to attack crypto

Tom Emmer, Majority Whip of the United States House of Representatives, has reiterated concerns that the federal government is “weaponizing” concerns around the banking industry to go after crypto.

15.03 / 10:31

business Adoption SVB mixup forces India's SVC Bank to issue a notice of clarification

The shockwaves caused by the collapse of Silicon Valley Bank (SVB) were felt by countless businesses, including a bank from India that had no relation with the California-based banking institution.

15.03 / 07:29

regulation SEC Bloomberg banking Signature Bank Signature Bank investigated for money laundering prior to demise: Report

The cryptocurrency-friendly Signature Bank was reportedly being investigated by two United States government bodies prior to its collapse.

14.03 / 18:55

markets Derivatives Bitcoin Options Bitcoin Bitcoin derivatives Bitcoin derivatives suggest $26K resistance level won't hold for long

The price of Bitcoin (BTC) increased by 28% between March 12-14, reaching $26,500, its highest level since June 2022. Some may attribute the gains to the consumer price index's (CPI) 6% year-over-year increase in February, even though the figure was in line with expectations.

14.03 / 11:29

business regulation Federal Reserve Bankruptcy Biden pledges ‘no cost to the taxpayer’ to shield SVB, Signature depositors

The overnight collapse of two major traditional banks — Silicon Valley Bank (SVB) and Signature Bank — triggered a series of events that impacted millions of businesses, venture capitalists and bottom-line investors alike. However, US President Joe Biden assured that no American taxpayer would feel the burn as the federal government takes action to protect the affected depositors.

14.03 / 05:15

regulation us government Federal Reserve banking US Fed faces internal probe over Silicon Valley Bank failure

The Federal Reserve is investigating the factors that led to the failure of Silicon Valley Bank — including how it supervised and regulated the now-collapsed financial institution.

13.03 / 22:43

regulation Silicon Valley Signature Bank US regulators US regulators shut down Signature Bank despite 'no insolvency': Report

Barney Frank, a former member of the United States House of Representatives, has reportedly suggested New York regulators closed the crypto-friendly Signature Bank as part of a seeming show of force.

13.03 / 00:41

business defi Silicon Valley Silicon Valley Bank collapse: Everything that’s happened until now

The sudden collapse of Silicon Valley Bank (SBV) has quickly unfolded over the course of three days, depegging stablecoins, leading regulators in the United States and United Kingdom to prepare emergency plans and raising fears among small businesses, venture capitalists and other depositors with funds stuck at the California tech bank.

12.03 / 22:43

business Silicon Valley Bank of London bids to acquire Silicon Valley Bank's UK arm

Global clearing institution Bank of London has submitted a formal proposal to acquire the Silicon Valley Bank's subsidiary in the United Kingdom, according to a statement disclosed by Reuters on March 12.

12.03 / 19:03

business regulation Bank of England Silicon Valley UK regulators moving “at pace” to deliver a plan for tech firms hurt by SVB collapse

A plan to rescue startups and tech companies affected by the Silicon Valley Bank collapse is underway in the United Kingdom, according to multiple reports on March 12. The emergency plan will include a cash lifeline to a number of businesses.

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