The Latest Banking Crisis Is Why I Save In Bitcoin
The collapse of Silicon Valley Bank has highlighted just how fragile the legacy financial system is. This is an opinion editorial by Mickey Koss, a West Point graduate with a…
U.S. Treasury, FDIC And Federal Reserve Will Guarantee All Deposits At SVB, Signature Bank In Unprecedented Move
A joint statement ensured that all customer deposits at the respective banks will be honored by the federal government. The U.S. Treasury, Federal Reserve, and the Federal Deposit Insurance Corporation…
Silvergate Bank Announces Liquidation And Winding Down Of Operations
Once a major banking partner for various cryptocurrency firms, Silvergate will end its operations in line with regulatory requirements. In a press release shared on Wednesday, Silvergate Capital Corporation, the…
HSBC, Nationwide Banks Crack Down On Bitcoin And Crypto Access
Two of the U.K.’s largest banks have imposed further restrictions on their customers’ ability to acquire cryptocurrencies. British banks have continued to crack down on their customers’ cryptocurrency purchases. According…
Crypto Exchanges Allow Russians to Circumvent Sanctions, Report Alleges
Major crypto exchanges have failed to prevent sanctioned Russian banks and traders from transacting, according to a blockchain forensics report. At least two established coin trading platforms continue to allow…
LevelField Financial To Become First FDIC-Insured Bank to Offer Traditional Banking And Bitcoin Services
LevelField Financial is set to acquire Burling Bank in a move that would enable access to bitcoin for traditional banking customers. Once the acquisition is approved by regulatory authorities, LevelField…
Crypto Bank Custodia Denied Membership in US Federal Reserve System
The U.S. Federal Reserve Board has rejected the attempt of Custodia Bank to become member of the Federal Reserve System. According to the decision announced Friday, the application submitted by…
EU Lawmakers Vote To Impose Strict Capital Requirements On Banks Holding Bitcoin And Crypto
Banks would be allowed to hold 2% of capital in bitcoin, but required to have one euro in capital for every euro in cryptocurrency held. European Union lawmakers have voted…
Venezuelan Banks Have Blocked Over 75 Accounts Since the End of Last Year Due to Cryptocurrency-Related Activities
Venezuelan Banks have started eyeing the accounts of customers with ties to cryptocurrency trading, principally related to peer-to-peer (P2P) transaction activity. According to Legalrocks, a crypto and blockchain-focused legal firm…