Over the weekend, concerns arose over $3.3 billion worth of USDC reserves being held at Silicon Valley Bank, which was shut down by the California Department of Financial Protection and Innovation on…
U.S. company Circle announced on March 14 that its $3.3 billion USDC reserve deposit, which had been held at the collapsed Silicon Valley Bank, would be fully available when U.S. banks opened…
Circle Internet Financial Ltd., the issuer of the USD Coin, a stablecoin pegged to the US dollar, has confirmed that it has $3.3 billion worth of its reserves at Silicon Valley Bank,…
US-based Silvergate Bank, a crypto-friendly bank, has announced its “voluntary liquidation” and plans to wind down its operations. The bank faced inquiries from bank regulators, the Department of Justice, and accounting firms…
Alameda Research, the trading branch of FTX, a bankrupt digital-asset exchange, has sued Grayscale Investments. The lawsuit claims “exorbitant management fees” and accuses Grayscale of “improperly preventing redemptions” from the Bitcoin and…
Silvergate Bank, a digital asset-focused bank, has discontinued its Silvergate Exchange Network (SEN), a crypto payments network that allowed round-the-clock transfers between investors and crypto exchanges. The decision was made after the…
Mastercard, the global payments technology company, continues to expand its partnership with Latin American cryptocurrency exchanges. Its latest partnership is with Bitso, the Mexican cryptocurrency exchange, which has launched a debit card…
Binance’s custodial partner, Ceffu, has announced plans to apply for a crypto custody license in Singapore. Ceffu launched its institutional custody services in Singapore in November 2021 and aims to provide custody…
BitBNS, a cryptocurrency exchange in India, faced allegations of covering up a $7.5 million hack under the guise of system maintenance. However, Gaurav Dahake, the founder of BitBNS, denied the allegations and…
Tel Aviv Stock Exchange (TASE) has released a draft proposal for public comment that would allow non-banking members to trade cryptocurrencies. This move marks the first time TASE is considering enabling customers…
You are all caught up.
