The big scandal behind the closure of Pro-Crypto Signature Bank
Signature Bank, another major crypto-friendly institution, was shut down by regulators on Sunday. The New York financial institution, with a large lending business in the crypto...
Category: crypto
America’s lack of first principle will cause it to lose the competition to be a global crypto hub
In testimony before the Senate Agriculture Committee last Wednesday, CFTC Chairman Rostin Behnam threw down the gauntlet to SEC Chairman Gary Gensler, making it clear that...
Bitcoin was built was for this moment
The failures of Silicon Valley Bank, Silvergate Bank and Signature Bank continue to ripple through markets, sending US bank stocks tumbling. Most recently, Charles Schwab’s stock...
Recent contagion was ‘TradFi to crypto’ and not the other way around — Circle policy director
Caroline Hill, director of global policy and regulatory strategy for stablecoin issuer Circle, has placed some of the blame from the recent collapse of banks linked...
Crypto trading will grow more costly as banking options shrink
The ongoing extinction of banking options for crypto firms may not lead to an industry collapse. But token traders in the short term are likely to...
Crypto assets jump as investors seek alternatives after SVB failure
The price of Bitcoin, Ethereum and other cryptocurrencies rose on Monday as investors looked for alternatives to stocks and bonds, following the collapse of SVB and...
Coinbase under pressure as signature bank failure adds to crypto banking woes
A crisis of confidence across US banks is hitting crypto companies particularly hard – and it has now gone far beyond last week’s collapse of crypto-focused...
Banks bring systemic risk to crypto, says Circle’s Disparte
Dante Disparte, chief strategy officer and head of global policy at Circle Internet Financial, discussed the systemic risk that the traditional banking system poses to the...
Why Washington cooled on crypto — it wasn’t just FTX
What a difference a year makes. On March 9, 2022, US President Joe Biden’s office issued his executive order on digital assets, marking the first official...
Circle’s USDC regains $1 stick after tumultuous weekend
Important takeaways Circle’s USDC is trading at $1 again. The stablecoin broke the link late on Friday after Circle revealed its exposure to Silicon Valley Bank....