Latest from Helene Braun
Rapid Bank Runs Reveal Deposits Are Now Magic Internet Money, Too
Federal Reserve Chair Jerome Powell says the speed of the Silicon Valley Bank run was “very different from what we’ve seen in the past.” However, Treasury Secretary Janet Yellen said she is not considering a "blanket" deposit guarantee.
Kraken to Suspend ACH Deposits and Withdrawals Following Silvergate Shutdown
The exchange says no other services will be affected by this change.
Crypto Exchange OKCoin Suspends Trading of Miami and NYC CityCoins
The exchange said “unexpectedly low liquidity” poses risks to users, which the platform tries to avoid.
Coinbase Is Weighing Setting Up Non-U.S. Trading Platform: Bloomberg
The search comes as the U.S. accelerates actions against the crypto sector in the wake of FTX’s collapse and the shutdown of three crypto-friendly banks.
Silvergate Wasn't Cut Off From Loans, Lender Says
Silvergate Bank said previously it had to accelerate the sale of securities to be able to repay advances from the Federal Home Bank of San Francisco.
First Mover Asia: Bitcoin’s Store of Value Narrative Is on Full Display; Crypto Prices Stay Green
ALSO: CoinDesk's Helene Braun writes that the current banking crisis won't doom banks that serve the digital asset industry.
Banking Crisis Won’t Kill Crypto Banking Despite Short-Term Pain
From alternative banks to on-chain banking, crypto banking still has plenty of options, experts say.
How Silvergate’s Crypto Collapse Differed From Silicon Valley Bank’s: No Bailout
A deep dive into regulatory filings shows how Silvergate Bank's collapse was, in a strange way, the ideal scenario for a failing institution. Sure, shareholders got wiped out, but depositors are made whole and the Federal Deposit Insurance Corp. isn't putting in a dime.
Huobi’s HT Token Suddenly Falls 93%, Then Rebounds Just as Quickly
The token, affiliated with Tron founder Justin Sun, dropped from $4.81 to $0.31 on the Huobi exchange.
Blockchain.com to Suspend Operations of Asset Management Arm: Bloomberg
The business was launched just 11 months ago.
