Banking Financial News

14.03 / 06:55

business Blockchain Binance wallet banking partnership Debit Cards Binance to lose its GBP on-and-off ramp provider in 9 weeks

Binance is scrambling to find a new service partner to process British Pound (GBP) transfers on its trading platform after its current partner, Skrill Limited announced it will soon cease providing services to the crypto exchange.

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.

14.03 / 04:43

business Banks banking Silicon Valley FDIC to attempt another auction of Silicon Valley Bank: Report

Silicon Valley Bank (SVB) could be returning to the auction block with United States regulators taking a second attempt at finding a buyer for the now-collapsed bank.

14.03 / 02:35

business Blockchain Technology us government Banks banking Digital Asset Marathon Marathon Digital: Deposits held at Signature Bank are secure and available

Crypto mining firm Marathon Digital Holdings has assured investors that the firm's cash deposits at Signature Bank are secure and available for use as of Mar. 13.

14.03 / 02:35

Stablecoin defi Banks Central Bank banking Silicon Valley NOT USDC depegged, but it's not going to default

Over the past week, investors understandably became concerned over the news that billions of dollars backing USD Coin (USDC) — the second-largest stablecoin — were locked up in the distressed Silicon Valley Bank (SVB). The market reacted violently, causing USDC to lose its dollar peg. But while the concern was understandable, it has become clear that USDC creator Circle will regain full access to its funds. The crypto community can breathe easily.

13.03 / 23:27

business Banks banking US banks experience volatility and trading halts amid bank failures and presidential assurances

Banks saw their share prices take a rollercoaster ride over the weekend and into March 13. Trading was temporarily halted for dozens of United States regional banks amid volatility and falling prices.

13.03 / 22:43

business Blockchain Investments Banks banking FinTech Bankruptcy BlockFi in no immediate danger, despite Silicon Valley Bank exposure: Report

According to a lawyer representing the bankrupt crypto lender BlockFi Inc.,the company is in a stable financial position with access to ample cash reserves, despite having over $200 million in exposure to Silicon Valley Bank, Bloomberg reported.

13.03 / 17:49

business regulation Banks Forbes banking Silicon Valley Bankruptcy Silicon Valley Bank collapse: How SVB stock price performed in 5 years

Silicon Valley Bank (SVB) has suffered a significant fall from grace following half a decade of being rated as one of the best banks in the United States.

13.03 / 15:07

business Government Stablecoin Banks banking Usd Coin BNY Circle taps Cross River as banking partner, expands ties with BNY Mellon

Circle has revealed that Cross River Bank — recognized for its services to fintech and crypto firms like Visa and Coinbase — is now its new commercial banking partner for producing and redeeming USD Coin (USDC).

13.03 / 13:17

HSBC Bank of England banking Silicon Valley Bank acquires Customers HSBC Acquires Silicon Valley Bank UK for £1 to Safeguard Customers and Taxpayers – What's Going On?

Global banking giant HSBC has acquired the UK subsidiary of now-collapsed lender Silicon Valley Bank for £1 ($1.21) after all-night talks between the government, regulators, and other prospective buyers.

13.03 / 11:11

business regulation HSBC Circle banking Silicon Valley Breaking: Silicon Valley Bank UK arm acquired by HSBC for one pound

Global banking giant HSBC Holdings is coming to rescue the United Kingdom-based branch of the collapsed Silicon Valley Bank with a new acquisition.

13.03 / 09:21

business coinbase Banks banking Paxos Celsius Coinbase, Celsius and Paxos disclose funds in Signature Bank

Crypto exchange Coinbase, crypto lender Celsius and stablecoin issuer Paxos are among the crypto firms with funds reportedly tied up with the now-shuttered Signature Bank.

13.03 / 08:29

business Blockchain Technology Banks banking Bitcoin ‘Nobody left to bank crypto companies’ — Crypto Twitter reacts

Crypto companies could find it harder to access traditional banking partners with the loss of two major crypto-friendly banks in less than a week, according to some in the crypto community.

13.03 / 04:07

business Stablecoin Banks banking Usd Coin USDC bounces back toward $1 peg after Fed announcement

Circle’s stablecoin USD Coin (USDC) is climbing back to its $1 peg following confirmation from CEO Jeremy Allaire that its reserves are safe and the firm has new banking partners lined up at “banking open tomorrow morning.”

13.03 / 02:49

business banking Silicon Valley Financial Ripple CEO assures ‘strong financial position’ despite SVB collapse

Ripple CEO Brad Garlinghouse took to Twitter on Mar. 12 to discuss the company’s exposure to Silicon Valley Bank (SVB) and reassure his followers of Ripple's stability.

13.03 / 02:05

business Banks Federal Reserve Central Bank banking US Fed announces $25B in funding to backstop banks

Hot on the heels of several United States bank collapses, the Federal Reserve has announced $25 billion worth of funding aimed at backstopping banks and other depository firms.

11.03 / 04:45

business lending Banks banking Silicon Valley Bankruptcy Filing shows BlockFi has uninsured $227M in Silicon Valley Bank MMMF

According to a new bankruptcy filing, defunct crypto lender BlockFi has $227 million worth of uninsured funds allocated to a money market mutual fund (MMMF) offered by troubled Silicon Valley Bank (SVB).

10.03 / 22:27

business Blockchain Banks banking Bitcoin What does the Silvergate collapse mean for crypto?

The collapse of crypto-friendly bank Silvergate will likley have a significant impact on the crypto ecosystem and its ties with the banking sector in the U.S.

10.03 / 21:39

regulation Congress banking Discrimination Senators US senators write to banking regulators about potential crypto discrimination

Four United States Republican senators lead by Bill Hagerty have written a letter to the heads of federal banking regulatory agencies questioning the ideological motivation behind recent regulatory moves in regard to cryptocurrency. They compared the regulators’ policies to the Obama administration’s Operation Choke Point.

10.03 / 16:07

Blockchain CBDC regulation banking Nigerian president-elect aims to use blockchain technology in the banking sector

Nigerian President-elect Bola Tinubu has recently released a manifesto that, if enacted, would enable the use of blockchain technology and cryptocurrencies in the nation's banking and finance sector.

10.03 / 06:07

business Banks banking Tech Silicon Valley bank stocks US bank woes? Silicon Valley Bank stocks plunge 1 day after Silvergate downfall

Fears have been heightened over the future of another United States bank this week after Silicon Valley Bank (SVB) announced a significant sale of assets and stocks aimed at raising additional capital.

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