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2 American Banks Have Failed Since Coronavirus Started Spreading in the US
6.4.2020
Since the coronavirus started spreading in the U.S., two banks have failed and were shut down by state banking authorities. One was a bank in West Virginia and the other was in the state of Nebraska. The governor of West Virginia has already issued a stay-at-home order due to rising covid-19 cases....
Civic Wallet Now Offers $1M ‘FDIC-Like Insurance’ for Crypto
31.3.2020
Civic Wallet offers “FDIC-like insurance” for crypto for up to $1M, underwritten by Lloyds of London
Payments Unicorn Square Gets Limited Bank Charter for Merchant Lending
18.3.2020
Square Financial Services was given conditional approval by the FDIC Board for an Industrial Loan Company bank charter on Wednesday
SEC, CFTC, OCC, FDIC Join UK FCA’s ‘Global Sandbox’
24.10.2019
Four U.S. regulators joined an international alliance of government regulators seeking to bolster the future of fintech
Dollar Deposits On Binance.US Now Have FDIC Insurance Coverage
18.10.2019
U.S. dollar deposits on Binance.US are now eligible for FDIC insurance coverage up to $250,000 per depositor
Banks Stopped Walmart Bank – Now the Retail Giant Hits Back With Crypto
2.8.2019
On August 1, it was discovered that the giant retail corporation Walmart has patented plans for a stablecoin that’s backed by U.S. dollars. If released into the wild, the USD-based cryptocurrency would be issued to select Walmart retailers and partners while the patent’s description...
Three Bank Failures Open New Chapter in Never-Ending Financial Crisis
5.7.2019
The collapse of three banks on three different continents indicates a new global crisis is brewing. But it may also show that the last one never really ended and the tools used to manage the global economy simply don’t work. Also read: Side Effects of Economic Growth: Is Snowden Right to...
Carbon Announces the Launch of the First FDIC Insured Fiat Backed Stablecoin TRXD on Tron Blockchain!
22.6.2019
New York-based fintech firm Carbon, on June 21, reported the launch of its FDIC (First Federal Deposit Insurance Corporation) insured fiat sponsored stablecoin on Tron’s blockchain. The alliance between the two groups aims at, giving a very user-friendly payment solution to its clients...
Crypto Prime Dealer SFOX Partners With New York Bank to Offer New FDIC Protection
15.5.2019
SFOX crypto traders will now have access to insurance through the U.S. government’s Federal Deposit Insurance Corporation (FDIC) worth up to $250,000