The post USDC, crypto rallies on news that SVB, Signature Bank deposits are safe appeared on BitcoinEthereumNews.com. Markets • March 12, 2023, 8:16PM EDT USDC nearly regained its peg and cryptocurrencies rallied on the news that all Silicon Valley Bank and Signature Bank deposits will be fully…
The Block: Circle USDC operations will resume when U.S. banks open Monday: CEO Allaire
The post The Block: Circle USDC operations will resume when U.S. banks open Monday: CEO Allaire appeared on BitcoinEthereumNews.com. Circle USDC reserves are “safe and secure” and liquidity operations will resume when U.S. banks open Monday, CEO Jeremy Allaire said on Twitter. “We were heartened to see the…
BTC, USDC Soar After Government Promises to Rescue All Silicon Valley Bank Depositors
The post BTC, USDC Soar After Government Promises to Rescue All Silicon Valley Bank Depositors appeared on BitcoinEthereumNews.com. The U.S. government’s biggest financial regulators released a joint statement on Sunday promising to save every last depositor at Silicon Valley Bank (SVB) – even those not fully covered by…
US Says All SVB Deposits Safe, Creates New Backstop for Banks
The post US Says All SVB Deposits Safe, Creates New Backstop for Banks appeared on BitcoinEthereumNews.com. (Bloomberg) — US financial regulators moved on Sunday to protect depositors’ funds following the collapse of Silicon Valley Bank and set up a new financial backstop, seeking to stem fears…
Regulators seize Signature Bank in third-largest US bank failure
The post Regulators seize Signature Bank in third-largest US bank failure appeared on BitcoinEthereumNews.com. Regulators seized New York regional bank Signature Bank (SBNY) two days after shutting down Silicon Valley Bank as overseers of the banking system try to restore calm before markets open…
NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout – Bitcoin News
The post NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout – Bitcoin News appeared on BitcoinEthereumNews.com. On Sunday, the New York Department of Financial Services, or DFS, announced that it had taken possession of Signature Bank. The DFS appointed the Federal Deposit Insurance Corporation, or FDIC,…
NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout
On Sunday, the New York Department of Financial Services, or DFS, announced that it had taken possession of Signature Bank. The DFS appointed the Federal Deposit Insurance Corporation, or FDIC, as the receiver of the bank. In a joint statement, the U.S. Federal Reserve, Treasury Department, and FDIC explained that all Signature depositors would be […]
The U.S. Must Go All In On Financing Natural Gas
The post The U.S. Must Go All In On Financing Natural Gas appeared on BitcoinEthereumNews.com. Cheniere Energy President and CEO Jack Fusco, right, is applauded as he rings the opening bell of … [+] the New York Stock Exchange, Wednesday, Feb. 5, 2020. (AP Photo/Richard…
Algorand’s [ALGO] downtrend slows down- Is a trend change likely?
The post Algorand’s [ALGO] downtrend slows down- Is a trend change likely? appeared on BitcoinEthereumNews.com. Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion ALGO witnessed heightened selling pressure in the past few…
State regulator takes control of Signature Bank, federal regulators guarantee deposits
The post State regulator takes control of Signature Bank, federal regulators guarantee deposits appeared on BitcoinEthereumNews.com. Policy • March 12, 2023, 7:29PM EDT The New York Department of Financial Services seized crypto-friendly Signature Bank in order “to protect depositors,” the state banking regulator said in a…