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“Regulators wanted to send a very strong anti-crypto message,” said former House of Representatives member and Signature Bank board member Barney Frank. Go to Source Powered by WPeMatico
The class action suit was filed against Silicon Valley Bank, chief executive officer Greg Becker, and chief financial officer Daniel Beck. Go to Source Powered by WPeMatico
Bitcoin price is up nearly 20% in days as Wall Street opens to multiple bank stocks halted over extreme losses. Go to Source Powered by WPeMatico
Some foresee benefits if the U.S. finally gets sensible crypto regulation post-Silvergate, and traditional banks “may become warmer to establishing [crypto] relationships.” Go to Source Powered by WPeMatico
Silicon Valley Bank was rated as one of the top banks in America for five years running prior to its closure by U.S. regulators in March 2023. Go to Source Powered by WPeMatico
Circle announced a new banking partner after Silicon Valley Bank’s failure and is expanding ties with BNY Mellon. Go to Source Powered by WPeMatico
Binance CEO says with recent “changes” in stablecoins and banks, the company’s recovery fund will be converted from BUSD to “native cryptos” such as BTC. Go to Source Powered by WPeMatico
The Federal Reserve established a funding program for banks, making $25 billion available to eligible firms in a bid to avoid further banking liquidity issues. Go to Source Powered by WPeMatico
Events surrounding Silicon Valley Bank are moving fast. Here is a breakdown of the major developments over the course of three days. Go to Source Powered by WPeMatico
After the failure of Silicon Valley Bank (SVB), a great deal of Americans are starting to realize the dangers of fractional-reserve banking. Reports show that SVB suffered a significant bank run after customers attempted to withdraw $42 billion from the bank on Thursday. The following is a look at what fractional-reserve banking is and why … Read more
