Martin Gruenberg News

16.03 / 12:49

regulation SVB Bitcoin Signature Bank FDIC asked Signature buyers to stop all crypto business: Report

The United States Federal Deposit Insurance Corporation (FDIC) has reportedly asked potential rescuers of some failed U.S. banks not to support any crypto services.

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.

13.03 / 23:27

markets Stablecoin OkCoin Bitcoin Futures Derivatives Bitcoin Signature Bank Premium Bitcoin futures premium falls to lowest level in a year, triggering traders' alerts

The price of Bitcoin (BTC) increased by 14.4% between March 12-13 after it was confirmed that financial regulators had rescued depositors in the failing Silicon Valley Bank (SVB). The intraday high of $24,610 may not have lasted long, but $24,000 represents a 45% increase year-to-date.

13.03 / 13:57

regulation Investing Federal Reserve USDC FDIC Coinbase Confirms $240 Million Corporate Cash Balance with Signature Bank Amid Lender Closure

Major crypto exchange Coinbase stated that it has millions in corporate cash balance with the shuttered Signature Bank.

13.03 / 01:37

COST UPS Action Assurant SVB Regulators unveil plan to assure depositors will get money after SVB collapse

Banking regulators devised a plan Sunday to shore up deposits at Silicon Valley Bank, a critical step in stemming a feared panic over the collapsed tech-focused institution.

12.03 / 21:53

business regulation Banks Silicon Valley U.S. authorities preparing 'material action' to curb SVB contagion

United States authorities are working on "material action" over the weekend in an attempt to limit the ripple effect across the country's banking system after the Silicon Valley Bank abruptly collapsed on March 10.

12.03 / 12:13

business Adoption Investments Venture Capital Banks Silicon Valley SOLIDARITY Over 100 VCs, investors voice solidarity with Silicon Valley Bank

As the 40-year-old banking institution, Silicon Valley Bank (SVB), winds down operation, numerous venture capitalists and investors joined hands and decided to cushion the impact in case the bank “were to be purchased and appropriately capitalized.”

20.01 / 17:17

FTX Bank Moonstone Bank is Closing the Accounts of its Crypto Clients to ’Refocus on Community Bank Role’

Moonstone Bank, a digital bank focused on serving high-net-worth individuals, has revealed that it is exiting the crypto space and will be refocusing on the "community bank" role.

08.12 / 21:39

Law regulation Banks Congress lawmakers US lawmakers US lawmakers question federal regulators on banks' ties to crypto firms

Two members of the United States Senate have called on the heads of federal financial regulators to address “ties between the banking industry and cryptocurrency firms” in the wake of FTX’s collapse.

01.12 / 01:09

Law regulation Senate Sen. Warren: Biden administration worked to stop crypto being 'dangerously intertwined' with banks

Referring to the events surrounding the collapse of FTX as “a handful of magic beans”, Massachusetts Senator Elizabeth Warren seemed to frame the “contagion” spreading through the crypto space as a partisan issue.

21.11 / 16:53