The move has sparked controversy and raised concerns about the relationship between traditional financial institutions and the emerging world of cryptocurrency.
Japanese banks slide as SVB contagion fear rattles markets
Asia's share markets slid on Tuesday, with Japan's financial stocks leading losses as fear of a U.S. banking crisis gripped investors ahead of crucial inflation data due later in the day. Fallout from ...
Japan bank shares plunge with JGB yields amid SVB risks
Expectations for further Federal Reserve rate increases have also been slashed, along with the chances for a hawkish shift at the Bank of Japan, which had been the driver for a nearly 28% surge in the ...
Cryptocurrencies rally despite shutdown of crypto friendly Signature Bank, bitcoin breaks through $24,000
Cryptocurrencies rose even after regulators Sunday announced the closure of Signature Bank, the last major crypto bank after Silvergate.
Stablecoin USDC Sees Redemptions Even as Crypto Market Rebounds
Crypto market participants redeemed nearly $1.74 billion of the stablecoin USD Coin on Monday, according data compiled by researcher Nansen.
Luxury cars, stocks, crypto and $83M in taxpayer dollars: Man indicted in COVID-19 testing scheme
The Justice Department indicted a founder of a Chicago-based COVID testing lab that allegedly made $83 million in fraudulent federal health claims.
Asia markets set to fall tracking Wall Street losses as the fallout over SVB lingers
Asian markets are lower as investors in the region continue to watch moves from the U.S. following its banking fallout.
Bitcoin Is A Key Component Of The Great Digital Transformation
Like face recognition, artificial intelligence (AI), mRNA vaccines and other modern technology, Bitcoin itself is neither “good” nor nefarious. Instead, it’s a key component of the ongoing, rapidly ...
Crypto just lost both of its main banks. Here’s what it means for the industry going forward
The two biggest banking institutions serving cryptocurrency businesses in the U.S. have shut down in the last four days.
Crypto just lost 3 of its most important banking partners in a week. Here’s what experts say the impact will be on the industry.
Insider asked crypto execs and various experts where the industry will go after a slew of critical partners have been wiped out.
Crypto-Friendly Customers Bancorp Falls During Sector Selloff
Customers Bancorp Inc., a regional lender that rode the crypto wave last year, fell 24% on Monday amid a wider selloff of financial stocks stemming from the collapse of Silicon Valley Bank.
First Republic Bank falls nearly 70%, trading halted after collapse of SVB, Signature
The San Francisco-based First Republic Bank is a regional lender with more than $216 billion in assets under management.
Japan Post Bank’s new stock offering valued at over $9bn
Japan Post Bank's secondary stock offering has been priced at 1,131 yen a share, parent Japan Post Holdings said Monday, bringing the total value of the sale to 1.23 trillion yen ($9.24 billion).
Hackers steal around $200 million from crypto lender Euler Finance
On Monday, the blockchain monitoring firm PeckShield sent an ominous tweet directed at the crypto lending platform Euler Fiance, simply saying: “Hi […] you may want to take a look.” What the firm was suggesting Euler take a look at was a series of transactions that indicated there was an ongoing hack against Euler.
Crypto exchange OKcoin pauses USD deposits following closure of Signature Bank
Crypto exchange OKcoin temporarily paused U.S. dollar deposits in the wake of the closure of crypto-friendly Signature Bank by state regulators Sunday.
Major crypto coins stabilise after U.S. intervenes on SVB collapse
Major cryptocurrencies stabilised on Monday after U.S. authorities announced plans to limit the fallout from the collapse of Silicon Valley Bank (SVB) and the issuer of the USD Coin stablecoin said it remained redeemable with the dollar.