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Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits

Bitcoin.com
Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits
ACH
Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD DepositsCircle Financial, the issuer of the stablecoin USDC, is partnering with Cross River Bank after its former settlement partner, Signature Bank, was closed by New York regulators, according to a statement from CEO Jeremy Allaire. “The 1:1 redeemability of all USDC in circulation is of paramount importance to Circle,” Allaire emphasized. Crypto Firms Scramble for […]
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BTC price chart seen mirroring US spot Bitcoin ETF launch pattern

BTC price chart seen mirroring US spot Bitcoin ETF launch pattern

Bank of England Shuts Down Silicon Valley Bank’s UK Branch After US Regulators Close Parent Company

Bitcoin.com
Bank of England Shuts Down Silicon Valley Bank’s UK Branch After US Regulators Close Parent Company
Bank Closures
Bank of England Shuts Down Silicon Valley Bank’s UK Branch After US Regulators Close Parent CompanyAfter U.S. regulators shut down Silicon Valley Bank (SVB) on Friday, the Bank of England has closed the company’s U.K.-based arm. The central bank explained that it intends to place the subsidiary into bank insolvency procedures. Fallout From SVB Failure Prompts BOE to Close U.K. Branch The ripple effect of the 16th largest bank in […]
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BTC price chart seen mirroring US spot Bitcoin ETF launch pattern

BTC price chart seen mirroring US spot Bitcoin ETF launch pattern

Report: Hong Kong Residents Lost More Than $216 Million to Crypto Scams in 2022

Bitcoin.com
Report: Hong Kong Residents Lost More Than 6 Million to Crypto Scams in 2022
bitcoin.com
Report: Hong Kong Residents Lost More Than 6 Million to Crypto Scams in 2022According to Hong Kong police, in 2022 there were 2,336 reported crypto scam-related cases in which more than $216.6 million was lost. Although losses relating to crypto scams only constituted just over 10% of the nearly 23,000 reported technology crimes, they still accounted for more than half of the $407.7 million that was lost to […]
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BTC price chart seen mirroring US spot Bitcoin ETF launch pattern

BTC price chart seen mirroring US spot Bitcoin ETF launch pattern

Coinbase Severs Ties With Silvergate Bank Amidst JPMorgan Downgrade and Delayed SEC Filing

Bitcoin.com
Coinbase Severs Ties With Silvergate Bank Amidst JPMorgan Downgrade and Delayed SEC Filing
10-K Filing
Coinbase Severs Ties With Silvergate Bank Amidst JPMorgan Downgrade and Delayed SEC FilingOn March 2, 2023, the cryptocurrency exchange Coinbase announced that, in light of recent developments, the company is “no longer accepting or initiating payments to or from Silvergate Bank.” The news follows the crypto bank’s delay of its annual 10-K filing with the U.S. Securities and Exchange Commission (SEC) and JPMorgan’s downgrade of the company’s […]
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BTC price chart seen mirroring US spot Bitcoin ETF launch pattern

BTC price chart seen mirroring US spot Bitcoin ETF launch pattern

Russians to Pay Fees on Digital Ruble Transactions, Central Bank Says

Bitcoin.com
Russians to Pay Fees on Digital Ruble Transactions, Central Bank Says
bank
Russians to Pay Fees on Digital Ruble Transactions, Central Bank SaysUsers of Russia’s central bank digital currency are going to pay a fee for each transaction, a high-ranking representative of Bank of Russia has recently announced. The digital ruble charge, however, is not going to exceed those currently applied to fast payments in the country. Bank of Russia to Charge for Digital Ruble Transfers The […]
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BTC price chart seen mirroring US spot Bitcoin ETF launch pattern

BTC price chart seen mirroring US spot Bitcoin ETF launch pattern

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