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banking

Fed Chair Powell Testifies Before The House Committee On Financial Services

Bitcoin and the Liquidity Question: More Complex Than It Seems

Monetary liquidity expectations is one driver moving crypto markets these days, though not in the way many think – even if easing is around the corner, liquidity is tight, says Noelle Acheson.

By Noelle Acheson

Mar 21, 2023 at 7:24 p.m. UTC

Mar 21, 2023

OpinionFederal ReservebankingBitcoinEconomyQuantitative Easing

Houses of Parliament and Westminster Bridge at dusk

UK Crypto White List Needed to Solve 'Debanking,' Lobby Group Says

British banks have said they keep customers away from crypto for their own protection.

By Jack Schickler

Mar 21, 2023 at 11:43 a.m. UTC

Mar 21, 2023

regulationsbankingUKCryptoUK

CDCROP: Coinbase Cryptocurrency Exchange app on smartphone (Chesnot/Getty Images)

Coinbase No Longer Supporting Signature Bank’s Signet Network: WSJ

The fate of Signet has been unclear since Signature Bank was shut down by New York State regulators last weekend.

By Nelson Wang

Mar 20, 2023 at 8:15 p.m. UTC

Mar 20, 2023

CoinbaseSignature BankbankingUS

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.

By Will Canny

Mar 20, 2023 at 10:56 a.m. UTC

Mar 20, 2023

Marketsbanking

After Silicon Valley Bank's Failure, Regional Banks Face Greater Scrutiny (Spencer Platt/Getty Images)

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.

By Greg Ahlstrand

Mar 20, 2023 at 12:04 a.m. UTC

Mar 20, 2023

Signature BankBankruptcyCryptoFDICUSbanking

Maria Vullo, who served as the Superintendent of New York’s Department of Financial Services (NYDFS) from 2016 to February 2019 (NYDFS)

Policy

Svb financial group

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.

By Fran Velasquez

Mar 17, 2023 at 6:59 p.m. UTC

Mar 17, 2023

Svb financial groupSvbSignature BankCoinDesk TVMaria vulloNYDFSbankingNew York

Conceptual business illustration of risk zone metaphor with businessman silhouette standing like between a rock and a hard place. Minimalistic vector illustration

Consensus Magazine

Opinion

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.

By Michael J. Casey

Mar 17, 2023 at 6:11 p.m. UTC

Mar 17, 2023

Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)

Consensus Magazine

Opinion

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.

By Daniel Kuhn

Mar 16, 2023 at 5:33 p.m. UTC

Mar 16, 2023

OpinionStablecoinUSDCbanking

Finance

Tokenization

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.

By Aoyon Ashraf

Mar 16, 2023 at 4:55 p.m. UTC

Mar 16, 2023

TokenizationDiamondExclusive Blockchainbanking

Cartel de Silicon Valley Bank. (Provided)

Mercados

Spanish

La crisis bancaria en EE. UU. podría fortalecer el ecosistema cripto a largo plazo, según expertos

Las soluciones bancarias para las empresas de criptomonedas y el interés en la resistencia del ecosistema por parte de los inversores podrían ser características clave en los próximos meses, según un observador.

By Shaurya Malwa

Mar 16, 2023 at 3:09 p.m. UTC

Mar 16, 2023

SpanishTendencias MercadosbankingSvb