FDIC cites cryptocurrencies as a factor in Signature Bank’s collapse
FDIC completed its investigation into the causes of Signature Bank's crypto-friendly collapse.
FDIC cites cryptocurrencies as a factor in Signature Bank’s collapse
FDIC completed its investigation into the causes of Signature Bank's crypto-friendly collapse.
Regulator: Signature Bank collapse not linked to cryptocurrencies
A spokeswoman for the New York state banking regulator rejected the suggestion that Signature Bank collapsed due to ties to the crypto industry. The Block reports.
US Senator Criticises Banks for Working with the Crypto Industry
Banks serving the crypto industry are acting imprudently, as digital assets are extremely volatile. This view was expressed by Senator Michael Bennet of Colorado.
Reuters: Prospective owner of Signature Bank must relinquish its crypto business
The FDIC has asked banks interested in acquiring Silicon Valley Bank and Signature Bank to submit bids to participate in the auction by March 17.
U.S. financial regulator refutes link between Signature Bank closure and its crypto business
The decision to close Signature Bank is not related to the bank's activities aimed at cooperating with cryptocurrency companies. The Block reports this, citing a spokesperson for the New York State Department of Financial Services (NYDFS). Earlier, former member of Signature Bank's board Barney Frank stated that authorities deliberately took such harsh measures to deter financial institutions from dealing with digital assets.
Gemini says it has no business relationship with Signature Bank
The cryptocurrency exchange Gemini said it did not hold customer funds or Gemini Dollar (GUSD) reserves at Signature Bank, which was closed by U.S. authorities.
LedgerX drops Silvergate in favour of Signature Bank
LedgerX, a crypto-derivatives platform within the FTX Group, notified clients that fiat transfers must be made via Signature Bank. Cooperation with Silvergate will be terminated, Bloomberg reports.
Statistica Capital Sues Signature Bank Over FTX Collapse
The investment firm Statistica Capital has accused Signature Bank of facilitating the collapse of FTX by enabling the exchange to commingle client funds on its blockchain network. Bloomberg reports this.
Binance’s banking partner to cap USD payments by the exchange’s customers
Binance's banking partner—Signature Bank—will stop processing SWIFT payments for users of the exchange in fiat US dollars below $100,000.
Stablecoin issuers helped Signature Bank attract $1 billion in deposits
New York-based Signature Bank, whose clients include cryptocurrency companies, increased deposits by $4.11 billion in Q3. A quarter of that amount came from crypto firms, including stablecoin issuers, according to Coindesk.We use cookies to improve the quality of our service.
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