Silicon Valley Bank

Signature Bank Failed Because of Mismanagement, Contagion, FDIC Report Says

The Federal Deposit Insurance Corp. said Signature’s exposure to crypto industry deposits was also a contributing factor.

By Nikhilesh De

Apr 28, 2023 at 5:00 p.m. UTC

Apr 28, 2023

regulationsFDICSignature BankSilicon Valley BankFederal Reserve

Circle, BlockFi Are Questioned by Lawmakers About Why They Banked at SVB

Sen Elizabeth Warren D Mass and Rep Alexandria Ocasio Cortez D N Y want to know why crypto companies including bankrupt crypto lender Block Fi and stablecoin issuer Circle banked at now collapsed Silicon Valley Bank Blockchain Association director of government relations Ron Hammond discusses the difference between Coinbase Binance and Circle's engagements with lawmakers [...]

By CoinDesk Inc

Apr 14, 2023 at 3:11 p.m. UTC

Apr 14, 2023

CircleCoinbaseBlockFiBlockchain AssociationcdtvFM ClipElizabeth WarrenRon HammondSocial_ClipAlexandria Ocasio-CortezSilicon Valley Bank

Video

Circle

Sen. Warren, Rep. Ocasio-Cortez Ask Circle, BlockFi Why They Banked at SVB

Sen. Elizabeth Warren (D-Mass.) and Rep. Alexandria Ocasio-Cortez (D-N.Y.) want to know why crypto companies, including bankrupt crypto lender BlockFi and stablecoin issuer Circle, banked at now-collapsed Silicon Valley Bank. "The Hash" panel discusses the potential outcomes.

By CoinDesk Inc

Apr 12, 2023 at 5:14 p.m. UTC

Apr 12, 2023

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Video

Casa

Casa CEO on the Rise of Self-Custody in Wake of Recent Banking Jitters

Casa CEO Nick Neuman tells "First Mover" that the company has seen "the biggest customer volumes" for its self-custody product in the past month. He attributes this surge in interest partly to the collapse of legacy banks like Silicon Valley Bank in March.

By CoinDesk Inc

Apr 12, 2023 at 3:02 p.m. UTC

Apr 12, 2023

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Sen. Schumer And Rep. Ocasio-Cortez Hold Press Conference To Discuss Eviction Moratorium

Policy

Regulations

Sen. Warren, Rep. AOC Ask Circle, BlockFi Why They Banked at SVB

The lawmakers are asking 14 firms about SVB’s “white glove” treatment of some of its largest depositors.

By Cheyenne Ligon

Apr 11, 2023 at 9:54 p.m. UTC

Apr 11, 2023

regulationsElizaabeth WarrenCircleBlockFiSilicon Valley BankAlexandria Ocasio-CortezUS

Video

Circle

USDC Outflows Surpass $10B as Tether’s Stablecoin Dominance Reaches 22-Month High

Circle's USDC stablecoin saw net outflows surpassing 10 billion since March 10 after the regulators shut down the firm's banking partner Silicon Valley Bank Many of the investors who fled USDC switched to Tether's USDT stablecoin driving the token to reach its largest market share in 22 months The Hash panel weighs in on these [...]

By CoinDesk Inc

Mar 30, 2023 at 6:28 p.m. UTC

Mar 30, 2023

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Policy

Regulations

That Binance Suit Sure Seems Bigger Than Just a CFTC Case

The implications of the CFTC’s lawsuit against Binance extend well beyond any civil action.

By Nikhilesh De

Mar 29, 2023 at 8:09 p.m. UTC

Mar 29, 2023

regulationsNewslettersState of CryptoBinanceCFTCFDICSignature BankSilicon Valley BankOCC

Nellie Liang, the U.S. Treasury Department's undersecretary for domestic finance

Policy

Regulations

Top U.S. Treasury Official Says Crypto Had No ‘Direct Role’ In Bank Failures

Treasury Under Secretary Nellie Liang told House lawmakers the crypto industry wasn’t a central factor in the wipeouts of Silicon Valley Bank and Signature Bank.

By Jesse Hamilton

Mar 29, 2023 at 7:19 p.m. UTC

Mar 29, 2023

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Federal reserve

Rep. McHenry Questions Regulators on SVB Collapse

U.S. Rep. Patrick McHenry (R-N.C.) questions U.S. Treasury Undersecretary For Domestic Finance Nellie Liang, Federal Reserve Vice Chair for Supervision Michael Barr, and Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg on Silicon Valley Bank's collapse during a House Financial Services Committee hearing on Wednesday.

By CoinDesk Inc

Mar 29, 2023 at 6:20 p.m. UTC

Mar 29, 2023

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Morning commute at modern business district in Tokyo, Japan

Finance

Opinion

The Short-Sightedness of Run-Amok Regulators

Ric Edelman, founder of the Digital Assets Council of Financial Professionals, talks about a key reason why crypto’s future looks bleaker: an apparent effort to cut it off from U.S. banks.

By Ric Edelman

Mar 29, 2023 at 4:44 p.m. UTC

Mar 29, 2023

OpinionCrypto Long & ShortNewslettersRegulationFDICOCCSilvergate BankSilicon Valley BankSignature BankChina miningRegulation