The Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the U.S. Treasury all declared on Sunday that they will take “decisive actions” to boost public trust in the nation’s banking sector. The FDIC and Federal Reserve came to this decision after recommending that Silicon Valley Bank (SVB)
The holding company for Silvergate Bank, Silvergate Capital Corporation, has announced the voluntary liquidation of the bank and the immediate winding down of the firm’s operations.
The press release states that Silvergate believes the wisest course of action is a voluntary liquidation of the Bank and an orderly winding
Fidelity Digital Assets now offers Bitcoin trading to Fidelity Investments customers. The public can now access the Fidelity Crypto platform, which first launched with a waitlist in November 2022.
Customers can purchase and trade Bitcoin, but will not be able to transfer funds to a wallet where they have control
Fidelity Digital Assets now offers Bitcoin trading to Fidelity Investments customers. The public can now access the Fidelity Crypto platform, which first launched with a waitlist in November 2022.
Customers can purchase and trade Bitcoin, but will not be able to transfer funds to a wallet where they have control
The Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the U.S. Treasury all declared on Sunday that they will take “decisive actions” to boost public trust in the nation’s banking sector. The FDIC and Federal Reserve came to this decision after recommending that Silicon Valley Bank (SVB)
The holding company for Silvergate Bank, Silvergate Capital Corporation, has announced the voluntary liquidation of the bank and the immediate winding down of the firm’s operations.
The press release states that Silvergate believes the wisest course of action is a voluntary liquidation of the Bank and an orderly winding
Grayscale Investments, LLC, CEO Michael Sonnenshein, Digital Currency Group, and Barry Silbert are being sued by Alameda Research Ltd., the hedge fund run by disgraced former billionaire Sam Bankman-Fried.
A press release covering the lawsuit stated:
FTX Debtors are seeking injunctive relief to unlock $9 billion or more in value
Tether, the most popular stablecoin in the world, is backed by billions of dollars in Treasury Bills that are managed on Wall Street. According to those familiar with the situation, Cantor Fitzgerald is assisting Tether, in managing its $39 billion bond portfolio.
The securities are part of the $69 billion
After operating for more than ten years, the Finland-based peer-to-peer (P2P) Bitcoin platform LocalBitcoins, is shutting down operations. On February 9th, LocalBitcoins announced that the company was ceasing operations due to challenging market conditions.
LocalBitcoins CEO Nikolaus Kangas stated that “regardless of our efforts to overcome challenges and turn our
According to remarks made by Sean O’Neal of Cleary Gottlieb, who is representing Genesis, a division of Digital Currency Group (DCG), a restructuring agreement has been reached with creditors. The sale of Genesis Global Trading would be one part of this plan to maximize recovery.
The agreement will also
European Union legislators have voted in favor of imposing rigorous capital requirements on banks that hold Bitcoin and cryptocurrencies.
Economic spokesperson for the EU parliament’s European People’s Party Markus Ferber states that “banks will be required to hold a euro of their own capital for every euro they
