Bitcoin (BTC) witnessed a sudden drop as March started with a series of bank collapses. The downward movement continued for almost two weeks, bringing the price down to the $19,500…
The collapse of Signature Bank and Silvergate Bank, two of the most crypto-friendly lenders in the U.S., has left many cryptocurrency firms in a state of uncertainty and desperation.
As regulators…
According to research from Coinbase and CES Insights, the U.S. government has taken swift steps to avert a system-wide bank run among mid-tier banks after the failure of Silicon Valley…
Crypto exchange Coinbase reportedly offered a $3 billion credit line to Circle, the crypto company that issues the USD Coin (USDC) stablecoin, in an effort to bring the stablecoin back…
UBS Group has successfully acquired the struggling Swiss bank Credit Suisse for a reported $3.2 billion, after Justin Sun attempted to buy the bank. It announced the deal on March…
A few days after its former business Silicon Valley Bank was taken over by U.S. authorities, SVB Financial Group said on March 17 that it had filed for a court-supervised…
The federal deposit insurance corporation (FDIC) has demanded that the prospective buyer of New York-based Signature Bank relinquish all cryptocurrency operations, highlighting growing regulatory concerns around digital assets.
The federal deposit…
Ark Invest’s Cathie Wood says U.S. financial regulators are using crypto as a scapegoat for their own mistakes in oversight of the country’s banking system. Wood says the regulators’ attack…
SVB Financial Group, the parent company of troubled U.S. lender Silicon Valley Bank (SVB), is looking for ways to sell off its assets and is considering entering bankruptcy protection as…
Financial expert Robert Kiyosaki warns about the potential consequences of banks failing and highlights the benefits of cryptocurrencies as an alternative in a recent interview.
In an interview Fox Business,…