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HSBC’s UK Branch Acquires SVB’s UK Branch For A £1
HSBC’s UK subsidiary, HSBC UK Bank, acquires Silicon Valley Bank’s UK branch for one British pound. According to the filing, SVB UK…
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Signature Bank Closed By New York Regulators; Another Big Blow to Crypto Investors
On Sunday, the US state regulators closed Signature Bank, a crypto-friendly financial institution, two days after shuttering Silicon Valley Bank, citing systemic…
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Binance, Coinbase Suspend USDC Conversions After Circle Disclosed Exposure To Failed Silicon Valley Bank
As the industry comes to terms with the demise of Silicon Valley Bank, top cryptocurrency exchanges, Binance and Coinbase, have announced that…
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Silvergate Drops Over 50% In A Trading Day; Sees Its Biggest Clients Halting Business With The Bank
On Wednesday, Silvergate closed the day at $13.53; on Thursday, they closed at $5.75. A 57% loss in 2 days – what…
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Crypto-Friendly Bank Silvergate Faces Probe For Dealings With Bankrupt FTX
Cryptocurrency-focused bank Silvergate is facing investigation from the US Justice Department for suspicious dealings with FTX and its affiliated Alameda Research. The…
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Russia Is Considering Digital Ruble Settlements With China
Russia plans to issue a Central Bank Digital Currency (CBDC), the digital ruble, in mutual settlements with China. Anatoly Askakov provides a…
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Commerzbank Is The First German Bank To Apply For A Crypto License
Major German bank Commerzbank has applied for a crypto license, the first bank in Germany to do so. Commerzbank “applied for the…
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Will Russian Banks Blocked From SWIFT Turn To Crypto?
Vladimir Putin’s recent decision to invade Ukraine has had a negative impact on the global financial system. Although markets have recovered this…
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American Express Annual Transactions Surpassed By Bitcoin
A recent report from NYDIG found that the transactional volume within the Bitcoin network was higher than well-known card networks including American…