banking
Cryptocurrency Outlook Is Strengthened by U.S. Banking Turmoil: Coinbase
More people now appreciate the fundamental value proposition of having an alternative to the traditional financial system, the report said.
Signature Bank Noncrypto-Related Deposits to Be Assumed by New York Community Bancorp Unit: FDIC
The 40 former branches of Signature Bank will operate under New York Community Bancorp's Flagstar Bank, N.A., from Monday. The FDIC will provide digital-banking business deposits directly to those customers.
Former NY Regulator: Crypto Isn't the Reason Why Signature Bank Was Closed
The bank did not provide reliable and consistent data, said Maria Vullo, a former superintendent of the New York State Department of Financial Services.
This Crisis Will Define the Future of Money
The recent collapse of three high-profile banks - Silicon Valley Bank, Silvergate Bank and Signature Bank - has caused worrying outflows at hundreds of regional banks. Now, with the U.S. Federal Reserve creating a new backstop facility reportedly worth $2 trillion, the echoes of crises in 2008 and 2013 are loud.
The Banking Crisis Has Been Good for Stablecoin Experimentation
Sovryn, a Bitcoin DeFi protocol, announced a new dollar proxy as others look at alternative models for collateralizing stablecoins amid a banking system crisis.
Investors Flock to Tokenized Diamond as Crypto Banking Crisis Props Hard Assets
Sales of tokenized diamonds surged 300% last weekend, when three banks collapsed and investors scrambled to sell their USDC stablecoins.
Prospective Signature Bank Buyers Must Promise to Give Up All Crypto Business: Report
Signature Bank is on the market after being shuttered by state regulators on Sunday, but any potential buyer reportedly has to agree to a major caveat: no crypto. Jason Brett, Key Bridge Advisors Managing Director and former U.S. Regulator at the FDIC, shares insights into the recent banking jitters and its impact on the crypto industry. Plus, his outlook for Credit Suisse after Switzerland's second-biggest lender saw its worst day on record, with shares falling over 20%.
Former FDIC Regulator: Friendliness Toward Crypto Does Not Exist
Jason Brett, Key Bridge Advisors Managing Director and former U.S. Regulator at the FDIC, reacts to concerns being raised by crypto advocates over whether federal regulators could be working to keep crypto assets away from the U.S. banking system. "It's about the friendliness toward crypto, and it just does not exist," Brett said.
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.
This DeFi Protocol Just Got Hacked but Its Token Is Still Doing Better Than a Major U.S. Bank's
Euler's EUL token fell 50% hours after an exploit on its protocol while First Republic shares fell roughly 62% following U.S. bank turmoil.
