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Justice Department Investigating TerraUSD Stablecoin Collapse: Reports
13.3.2023
The investigations follow the filing of the SEC’s civil fraud lawsuit against Terraform Labs and Do Kwon last month
Recent contagion was 'TradFi to crypto' and not vice versa — Circle policy director
13.3.2023
“What happened over the last several days was a bit of an ironic black swan situation where the contagion was not from crypto to TradFi," said Caroline Hill
U.S. Fed’s Supervision Chief Investigating What Happened With Silicon Valley Bank
13.3.2023
Michael Barr, the vice chairman responsible for bank supervision and regulation at the U.S. Federal Reserve, is examining how the regulated Silicon Valley Bank met with its rapid collapse last week
Is This a Crypto Banking Bailout?
13.3.2023
As the wreckage that started inside crypto banking threatens financial institutions beyond the sector’s border, the federal government is eager to make it clear that it’s not going to let it get out of hand. But is it a bailout?
Bank Collapses Underscore G-20 Hesitance on Crypto: Source
13.3.2023
The recent collapses of crypto banks have only underscored the hesitancy of the Group of 20 (G-20) on crypto assets, a highly placed G-20 source said
Panic Mustn’t Be Allowed to Spread After SVB Collapse: EU Lawmaker
13.3.2023
Germany’s Markus Ferber said there needs to be a review of interest rate and sovereign bond exposures
President Biden Calls for Stronger Bank Regulations in Wake of SVB, Signature Bank Collapses
13.3.2023
The government on Sunday evening stepped in to guarantee no losses will be borne by the lenders' depositors
BlockFi Has Cash Access for Staff, Vendors Despite SVB Collapse: Attorney
13.3.2023
Silicon Valley Bank Clients Can Fully Access Funds After FDIC Creates New Bridge Bank
13.3.2023
Loans and other services will resume on normal schedule Monday following a switch to a new bridge bank, the regulator said
EU Merchants Could Be Required to Accept Digital Euro, Ministers Told
13.3.2023
Governments from the euro currency bloc are due to discuss strategic objectives for the CBDC later Monday
IMF Had Warned G-20 That Widespread Crypto Use Would Impact Banks
13.3.2023
The International Monetary Fund (IMF) had warned the G-20 nations that the widespread proliferation of crypto assets could lead to banks losing deposits and curtailing lending, a report made public on Monday reveals
After Landmark Crypto Law, European Politicians Contemplate Building Their Own Blockchain
13.3.2023
‘Europeum’ could safeguard values like privacy, digital minister Mathieu Michel told CoinDesk, as he seeks to make Belgium a blockchain hub
Circle Scrambles to Right USDC After Signature Bank Failure
13.3.2023
Circle Internet Financial’s $3.3 billion cash reserves problem was seemingly solved Sunday when federal regulators promised that depositors of failed Silicon Valley Bank would be made whole in short order. But Circle’s USDC stablecoin isn’t out of the woods
Silicon Valley Bank Depositors Will Have Access to "All" Funds Monday, Say Federal Regulators
12.3.2023
In a joint statement, federal banking and finance regulators said depositors will be made whole
Crypto-Friendly Signature Bank Shut Down by State Regulators
12.3.2023
New York-based Signature Bank, which has a number of crypto clients, was shut down Sunday by state regulators, the Federal Reserve announced
‘Fiat Is Fragile’ — Silicon Valley Bank’s Collapse Sparks Finger-Pointing and Concerns of Contagion
11.3.2023
Silicon Valley Bank (SVB) has become the center of attention after its collapse prompted the U.S. Federal Deposit Insurance Corporation (FDIC) to shut the bank down on Friday. It was the largest U.S. bank failure since 2008, and various alleged catalysts have been pointed to. Some believe venture...
U.S. Lawmakers Met With Fed, FDIC to Discuss Collapse of Silicon Valley Bank: Source
11.3.2023
Rep. Maxine Waters convened meetings with federal bank regulators in the wake of the bank's collapse
Ether a Security? That Could Have Huge Ramifications for Crypto, Legal Expert Says
10.3.2023
Should ether be deemed a security at the state level, it may lead to federal laws ultimately being settled in, Pennsylvania State University Dickinson Law Professor Tonya Evans, says
Silicon Valley Bank Shuttered by State Regulators
10.3.2023
Silicon Valley Bank was shuttered by the California Department of Financial Protection and Innovation on Friday, marking the second bank to shut down within days. The startup-focused bank counted a number of major crypto venture capital firms as clients
Banks Shouldn’t ‘Punish’ Crypto Industry, Republican Senators Urge
10.3.2023
A crackdown on digital assets companies is reminiscent of “choke point” targeting of gun sales, Fed Governor Jerome Powell was told