FDIC Creates Bridge Banks for Failed Silicon Valley Bank and Signature Bank Clients to Access Funds

The U.S. Federal Deposit Insurance Corporation (FDIC) has announced that clients of Silicon Valley Bank (SVB) and Signature Bank (SBNY) can access their funds during normal banking hours on Monday, March 13, 2023. The FDIC stated that both banks’ deposits were made whole under the “systemic risk exception” approved by the U.S. Federal Reserve and […]

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Silicon Valley Bank Failure Highlights Dangers of Fractional-Reserve Banking

Silicon Valley Bank Failure Highlights Dangers of Fractional-Reserve BankingAfter 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 […]

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Bankoff Crypto Cards Suspended Amid High Volume of Russian Transactions

Bankoff Crypto Cards Suspended Amid High Volume of Russian TransactionsBankoff, a platform offering virtual cards that could be topped up with cryptocurrency, has told customers its cards are no longer supported by payment systems Visa and Stripe. They allowed Russians to pay abroad after major processors restricted their services in the country. Visa and Stripe Halt Support for Bankoff Cards Payment processors Visa and […]

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One in Five Kiwis Bullish on Crypto Investments, New Poll Suggests

One in Five Kiwis Bullish on Crypto Investments, New Poll SuggestsCryptocurrency investing has been rising in popularity among New Zealanders and a fifth of the respondents in a new survey either plan to or have already, put money into digital assets. The poll also found that young Kiwis are more likely to use micro-investing platforms than older generations. Over 20% of New Zealanders Plan to […]

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Swissquote Reports 44% Increase in Profit After Adding Crypto Services

Swissquote Reports 44% Increase in Profit After Adding Crypto ServicesSwiss online banking group, Swissquote, has benefited greatly from the addition of cryptocurrency investing to the set of services it offers, reporting a significant increase in its H1 2018 profits. The news comes while Switzerland is debating over how to keep crypto businesses in the country when the majority of Swiss banks refuse to provide […]

The post Swissquote Reports 44% Increase in Profit After Adding Crypto Services appeared first on Bitcoin News.

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Interest in Bitcoin Set to Double in Europe, New Survey Suggests

Interest in Bitcoin Set to Double in Europe, New Survey SuggestsPeople hear and know more about cryptocurrencies with every passing day, and according to a new survey, interest in Bitcoin is expected to increase twofold in Europe. The poll gauges the awareness of cryptocurrencies and the expectations for their future. The research covers over a dozen European nations, but also the United States and Australia, […]

The post Interest in Bitcoin Set to Double in Europe, New Survey Suggests appeared first on Bitcoin News.

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