Blockchain Association files further FOIA requests over banking closures
The crypto advocacy group wants clarity on recent regulatory action against digital asset-friendly banks. Go to Source Powered by WPeMatico
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Binance.US unable to find bank partners in the United States: Report
The United States arm of global crypto exchange Binance has been facing challenges in establishing a new bank partner. Go to Source Powered by WPeMatico
Tether supply hits $80B for the first time since May 2022 — stablecoin rivals stumble
Tether supply across cryptocurrency exchanges has dropped 28% in 2023, however, hinting at an overall decline in demand for stablecoins. Go to Source Powered by WPeMatico
Tether ‘unequivocally reiterates’ no exposure to Signature Bank
The stablecoin provider denied the allegations that began to surface in regard to its exposure to the now-collapsed Signature Bank. Go to Source Powered by WPeMatico
How the Federal Reserve Is Now Competing With Banks for Deposits: Enter the Reverse Repo Facility
The U.S. Federal Reserve could be competing with commercial banks due to a facility called the “overnight reverse repurchase agreement facility,” which has currently drawn in more than $2 trillion in deposits. According to analysts, this has affected bank deposits, as investors run to grab the higher yields it offers compared to traditional banks. The … Read more
Stablecoins are solution to crypto’s banking problem, exec says
Stablecoins are seen as a potential solution to crypto’s banking problem, but some of them are currently not immune to banking issues. Go to Source Powered by WPeMatico
Michael Saylor’s MicroStrategy repays Silvergate loan and buys 6.5K BTC
MicroStrategy has increased its total Bitcoins holdings to 138,955 BTC, purchased for $4.1 billion at an average of $29,817 per coin. Go to Source Powered by WPeMatico
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
Yellen defends government intervention to avoid another SVB
The Treasury Secretary of the U.S. Janet Yellen said the federal government will intervene if it is necessary to protect other small lenders. Go to Source Powered by WPeMatico
US exploring ways to guarantee the country’s 18T of bank deposits: Report
The current deposit insurance cap under the FDIC is $250,000, but recent banking collapses have seen calls to increase that amount. Go to Source Powered by WPeMatico
