Tag: BLKCC
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The US FDIC is telling Signature Bank’s crypto customers to close accounts before April 5
March 28 (Reuters) – The US Federal Deposit Insurance Corp (FDIC) has informed collapsed lender Signature Bank’s (SBNY.O) crypto clients that they have until April 5 to close their accounts and move their funds. The deposits in question were not part of a rescue deal entered into earlier this month with Flagstar Bank, a unit […]
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Wall Street ends volatile week higher as Fed officials ease banking fears
The KBW Regional Bank index is recovering US-listed shares of Deutsche Bank slide Actvision surges as regulators drop concerns over Microsoft deal Indexes up: Dow 0.41%, S&P 0.56%, Nasdaq 0.31% NEW YORK, March 24 (Reuters) – US stocks closed higher on Friday, marking the end of a tumultuous week in which Federal Reserve officials calmed […]
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The US SEC threatens to sue Coinbase for some crypto products
March 22 (Reuters) – The US Securities and Exchange Commission (SEC) has threatened to sue Coinbase Global Inc (COIN.O) over some of the crypto exchange’s products, straining the largely unregulated industry to stand. Shares of Coinbase fell nearly 13% to $67.33 in extended trading after the company said Wednesday that the regulator had issued it […]
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Circle secures market after stablecoin breaks USDC dollar peg
LONDON, March 11 (Reuters) – Stablecoin USD Coin (USDC) lost its dollar peg and fell to an all-time low on Saturday before recouping most of its losses after Circle, the company behind it, assured investors that despite exposure to the bankrupt Silicon Valley Bank. Circle said in a tweet Friday that it holds $3.3 billion […]
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Crypto-focused bank Silvergate plans to scale down after FTX’s blow
March 8 (Reuters) – Crypto-focused bank Silvergate Capital Corp (SI.N) said on Wednesday it planned to wind down operations and voluntarily liquidate after it was hit with losses following the dramatic collapse of crypto exchange FTX, causing its shares to drop 35% in after hours trading. The decision to close the bank comes after the […]
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Silvergate’s deepening crisis shocks crypto stocks
Silvergate shares close 6.4% lower Bank suspends crypto payment network Fallout is dragging down several crypto stocks March 6 (Reuters) – Shares of Silvergate Capital Corp (SI.N) fell as much as 11% on Monday after the bank suspended its crypto payment network and cast doubt on the viability of its business. The stock closed the […]
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Silvergate suspends crypto payments network; shares fall after hours
March 3 (Reuters) – Silvergate Capital Corp (SI.N) said on Friday it has made a “risk-based decision” to shut down the Silvergate Exchange Network, its crypto payment network, two days after the digital asset-focused bank cast doubts had expressed his viability. “Effective immediately, Silvergate Bank has made a risk-based decision to discontinue the Silvergate Exchange […]