Binance Chief Changpeng Zhao Summoned at Malta Address, Says Won’t Have to Appear
The filing by the SEC cites Binance’s operations in Malta with CZ noting that he won’t have to appear in person.
PacWest Cuts Dividend as Regional Banks Recovery Deepens
Regional banks are financial institutions that operate in specific geographic areas of the country and often provide a variety of banking services such as deposit accounts, loans, and other financial goods.
Hong Kong Monetary Authority Advises Banks to Offer Support to Crypto Firms
The push to support crypto is gaining traction in Hong Kong as some banks are already pledging support to the industry.
Bitcoin (BTC) Price Retests $30K as It Hits New Multi-Month High
With the Federal Reserve refusing to back down on its rate hikes, investors are beginning to turn to risk-on assets to safeguard any potential fallout from hawkish monetary policies.
American Bank Runs Pull Bitcoin Liquidity to 10-Month Low
As the growing liquidity strain in the price of Bitcoin is a major concern, American banks are likely to start exploring new avenues to rebuild that part of the industry.
FDIC Plans to Return $4B in Signature Bank’s Crypto Deposits by Next Week
Starting next week on April 5, Signature Bank will return $4 billion in deposits linked to crypto businesses since they aren’t a part of the NYCB deal.
Kraken to Halt ACH Deposits and Withdrawals on March 27, Here’s Why
Other services on the exchange remain as they were, and would not be affected by the upcoming change.
Asian Banking Regulators Allay Fears on Credit Suisse Ripple Effect
Considering the influence of the US markets, other Asian banking regulators including the MAS have affirmed that the Swiss firm’s takeover will have no material impact on retail customers.
Coinbase Contemplates Launching New Non-US Trading Platform as Authorities Intensify Scrutiny of Crypto Sector
Firms are actively searching for new banking partners as the regulatory climate in the US has now turned sour.
BlockFi Bankruptcy Attorney Describes Digital Assets Lender as Safe amid Silicon Valley Bank Crisis
By
Tolu Ajiboye
Christine Okike said BlockFi remains safe and looked to access significant cash held with Silicon Valley Bank yesterday.
Asset Manager BlockTower Capital Exposed to Multiple Failed Banks
The report comes amid a series of bank collapses that happened over the past few days.
Binance Converts $1B Funds into Other Cryptos as Banking Fears Heighten
Pressure continues to mount on stablecoins given the current situation that has seen three major crypto-backing banks collapse in the past few days.
Biden Administration Seeks to End Crypto Tax Subsidies and Fix the Loophole
The Biden administration seeks to terminate the tax-loss harvesting strategy for crypto investors which would help the White House save $31 billion over a ten year period.
Silvergate Reportedly Working Out a Rescue Plan with FDIC Officials
FDIC officials are reportedly looking at the books and records of Silvergate Bank and could provide a remedy for bank to come out of the turmoil.
MicroStrategy Denies Having Any of Its Assets in Custody with Silvergate
MicroStrategy said that it secured a $205 million loan from Silvergate Bank last year, and there’s no rush to prepay until Q1 2022, even in the case of possible insolvency.