[ad_1] Tether, the stablecoin issuer behind USDT, has reportedly added Britannia Bank & Trust, a Bahamas-based private bank to process dollar transfers on its platform. It is understood that Tether has been…
Category: silicon valley bank
Could Crypto Entrepreneurs Rescue Silicon Valley Bank?
[ad_1] About a month ago, Silicon Valley Bank (often known as SVB) went bankrupt and crashed, and many analysts say it was one of the largest financial collapses to occur in America…
First Republic (FRC) Shares Jump 15% as Regional Bank Stock Rebounds
[ad_1] Since Silicon Valley Bank’s collapse, several industry stakeholders have done all they can to help cushion the pain in the company to help prevent a collapse. Regional banks in the United…
‘How did this happen’ — Powell says Fed stumped over the collapse of SVB
[ad_1] United States Federal Reserve Chair Jerome Powell has admitted that his regulator was blindsided by the sudden collapse of Silicon Valley Bank (SVB), despite being under their watch. In a press…
Coinbase Says US Banking Crisis Reinforcing Crypto Assets to the Upside, Catching Attention of Institutions
[ad_1] A top Coinbase researcher thinks the recent US banking crisis amplified the value of blockchain technology and cryptocurrencies. David Duong, head of institutional research at Coinbase, argued in a recent analysis…
US Officials Reportedly Studying Ways to Guarantee Bank Deposits of $17 Trillion amid Crisis
[ad_1] The FDIC and Fed are looking for a way for the US government to insure all of the $17 trillion in bank deposits if the financial turmoil gets worse. The US…
SVB, contagion, and preserving Ethiopian culture with NFTs
[ad_1] This is an excerpt from the thought-provoking piece “SVB, Contagion & Preserving Ethiopian Culture with NFTs” first published in The Digital Wayfinder, a newsletter by George Siosi Samuels covering topics from…
Flagstar Bank Acquires Signature Bank’s Assets and Branches, Excluding Cryptocurrency Operations – Bitcoin News
[ad_1] On Monday, about a week after the collapse of Signature Bank, the Federal Deposit Insurance Corporation (FDIC) announced that Flagstar Bank, a wholly owned subsidiary of New York Community Bancorp, was…