News

Not every bank failure is caused by crypto, and recent ones are no exception. Out of the many reasons behind the catastrophic collapse of Silvergate Bank, followed by Silicon Valley Bank and ...
Banking collapses in 2023 almost triggered disaster—but the real crisis might be caused by what happened after.
As fears of bank failures have spread around the world in the last week, the contagion has threatened to engulf crypto. Signature Bank, crypto’s last major ally in the banking world, was seized ...
The financial system as a whole relies heavily on runnable liabilities — namely, sources of funding, such as uninsured ...
The MAGA movement can’t decide whether crypto is a new means of banking or merely a speculative asset class.
Thirty shareholders who had invested in the community-owned bank were told they would be paid back in full. Hanes was sentenced to 24 years in August after wiring millions of dollars to a crypto ...
The banking system's resilience to the crypto crash went largely unnoticed. In contrast to the 2008 financial crisis, where the failures of nonbanks and crashes in asset prices quickly engulfed banks, ...
a crypto asset platform that held $25 billion at its height. “Alexander Mashinsky targeted retail investors with promises that he would keep their ‘digital assets’ safer than a bank ...
The UK’s Financial Conduct Authority (FCA) in collaboration with the Bank of England will be creating and proposing detailed ...
Fabio Panetta, the Governor of the Bank of Italy and a former European Central Bank (ECB) official, has stated that Europe’s ...
Silvergate and Signature went out of business as well. The week of Silicon Valley Bank’s failure, Konstantin Richter, who runs the crypto firm Blockdaemon, went into crisis mode. He had three ...
Digital asset exchange customers accounted for approximately 58% of Silvergate Bank's overall deposits in 2021, according to court filings. After a spate of crypto companies failed in 2022 ...