Banks down? That is why Bitcoin was created, crypto community says
Silicon Valley Bank (SVB) collapse on March 10 has sparked fear, doubt, and uncertainty (FUD) across the crypto community. Go to Source Powered by WPeMatico
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USDC depegs as Circle confirms $3.3B stuck with Silicon Valley Bank
At the time of writing, USDC lost 3% of its value as it traded at $0.969, and a Circle executive envisions broader implications for business, banking and entrepreneurs without a Federal rescue plan. Go to Source Powered by WPeMatico
Circle’s exposure to U.S. banks could top $9B
Circle’s reserves are held in a number of banks in the United States, including Silvergate, Silicon Valley Bank, and Bank of New York (BNY) Mellon. Go to Source Powered by WPeMatico
What does the Silvergate collapse mean for crypto?
The recent collapse of crypto-friendly bank Silvergate will likely increase regulatory scrutiny on the ties between the crypto industry and the banking sector in the U.S. Go to Source Powered by WPeMatico
Crypto industry braces for impact with Silvergate exit
Silvergate may not pose a systematic risk for the U. S. banking system, but it could raise risks related to banking concentration and introduce new challenges for venture capital firms sources claim. Go to Source Powered by WPeMatico
Banks with crypto services require new Anti-Money Laundering capabilities
Large financial institutions are getting involved in digital assets by investing capital, time and effort into on-chain analytics solutions. Go to Source Powered by WPeMatico
Ukraine’s central bank sees both promises and threats in Bitcoin
The central bank of Ukraine sees crypto as a threat to macro-financial stability and a promising opportunity for better payments at the same time. Go to Source Powered by WPeMatico
Silvergate Capital Corporation will ‘voluntarily liquidate’ Silvergate Bank
The company claimed that the bank’s voluntary liquidation is its best path forward due to recent industry and regulatory developments. Go to Source Powered by WPeMatico
Gemini’s banking relationship with JPMorgan ‘remains intact’
In a brief and straightforward message, crypto exchange Gemini denied reports and said its banking relationship with JPMorgan remains intact. Go to Source Powered by WPeMatico
Pakistan banks agree on blockchain-based KYC system development
The blockchain-based national eKYC banking platform is aimed at strengthening anti-money laundering (AML) capabilities while countering terror financing. Go to Source Powered by WPeMatico