Following our report on the beleaguered US crypto banking sector, former banking partner of choice for many major crypto exchanges, Silvergate Bank, has announced that it will enter voluntary liquidation and wind down operations.
Of the two biggest US crypto banks prior to last November’s meltdown at FTX, Silvergate is reportedly now negotiating a route with the FDIC to avoid imminent closure, while rival Signature has made moves to significantly cut back on its crypto exposure. What exactly has gone wrong?
Signature Bank has become the latest casualty of the current US banking crisis, having been closed down by regulators on Sunday to prevent a risk of instability spreading to the wider financial system.
Signature Bank has become the latest casualty of the current US banking crisis, having been closed down by regulators on Sunday to prevent a risk of instability spreading to the wider financial system.
Following our report on the beleaguered US crypto banking sector, former banking partner of choice for many major crypto exchanges, Silvergate Bank, has announced that it will enter voluntary liquidation and wind down operations.
Of the two biggest US crypto banks prior to last November’s meltdown at FTX, Silvergate is reportedly now negotiating a route with the FDIC to avoid imminent closure, while rival Signature has made moves to significantly cut back on its crypto exposure. What exactly has gone wrong?
Deutsche Bank, has successfully completed its proof of concept known as Project DAMA, with technical partner Memento Blockchain. The project aims to show how a permissioned platform can provide a one-stop-shop solution to facilitate digital fund management and investment servicing.
The Roman Catholic Archdiocese of Washington began accepting donations in cryptocurrency. This was made possible thanks to the collaboration of The Archdiocese of Washington with the Engiven platform.
Web3-friendly e-commerce giant Shopify has released a suite of blockchain commerce solutions to improve user experience of Web3-centric stores on the platform.
France has taken a keen interest in cryptocurrencies and blockchain. The country has implemented a series of regulations that aim to provide transparency and security to crypto users and investors, while also supporting the adoption of blockchain technology.
