Kraken to suspend Plaid withdrawals and deposits via ACH Silvergate
Joined the Silvergate Exchange Network back in 2019, Kraken is now looking for new ACH funding options. Go to Source Powered by WPeMatico
Banks
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Traditional banks rely on ‘tiny buffer’: Paris Blockchain Week 2023
Signature Bank is the best place for crypto banking, even if it goes bankrupt, Woorton co-founder Zahreddine Touag believes. Go to Source Powered by WPeMatico
Tim Draper sings a Bitcoin song dedicated to SVB and world governments: PBW 2023
The American venture capital investor Tim Draper took the stage at Paris Blockchain Week 2023 to talk about the decentralization of the future of money. Go to Source Powered by WPeMatico
CryptoUK calls on regulators to address de-banking of digital asset firms
The trade association said many banks in the U.K. had begun imposing blanket bans on dealing with crypto firms “instead of taking a risk-based and case-by-case approach.” Go to Source Powered by WPeMatico
SVB contagion: Australia reportedly asks banks to report on crypto
Australia’s prudential regulator has reportedly told banks to improve reporting on crypto assets and provide daily updates. Go to Source Powered by WPeMatico
Coinbase pauses support for Signature Bank’s Signet: Report
The U.S. crypto exchange was reportedly looking for another payment network provider and waiting on the outcome of the situation with Signature. Go to Source Powered by WPeMatico
In the aftermath of banks’ horrorshow: Law Decoded, March 13–20.
A week after the twinning collapse of Silicon Valley Bank (SVB) and Signature Bank, and the trouble at Credit Suisse, the dust is slowly settling down. Go to Source Powered by WPeMatico
First Republic Bank’s Shares Downgraded to Junk Status by S&P Global; Stock Slides More Than 25% Lower
After UBS acquired Credit Suisse and close to a dozen financial institutions injected $30 billion into First Republic Bank four days ago, S&P Global downgraded First Republic’s shares to junk status on Sunday. Investors are concerned that the cash infusion from 11 major financial institutions may not address the bank’s liquidity issues. First Republic’s shares … Read more
Rattled crypto industry could emerge stronger after USDC depeg
Did the depegging reveal stablecoins’ limitations, or was it a learning moment? Go to Source Powered by WPeMatico
Blockchain to Become More Relevant in Payments This Year, Sberbank Exec Says
Blockchain technology can help solve current issues with settlements, according to the deputy chief executive of Sberbank. Russia’s largest bank is working with other financial institutions to develop blockchain-based payment applications, the banker revealed. Sberbank Sees Solution to Russia’s Troubles With Settlements in Blockchain With major Russian banks disconnected from the main global interbank payment … Read more
