Signature Bank: Crypto Outflows Weakened By Core Deposits
The Signature Bank spot deposits dropped by $1.64 billion. This was because $4.27 billion left the bank through digital asset banking. Wedbush, a broker, said in a research report on Tuesday that the most important thing to learn from Signature Bank (SBNY) mid-quarter update is that spot deposits fell by $1.64 billion. This was caused […]
US Bank Watchdog Set To Maintain Crypto Activities
Michael Hsu, the acting head of the Office of the Comptroller of the Currency, is sticking to his plan to keep most crypto activity out of the U.S. bank system. U.S. regulators have kept banks from getting too involved in the cryptocurrency industry, and the acting head of the Office of the Comptroller of the […]
Michael Barr US Fed vice chair advocates a harsh position on crypto; OCC acting chief is no kinder
Michael Barr, a former Ripple Labs consultant, in his first address as a Fed official, seems to have a somewhat less positive view of cryptocurrencies than he had in the private sector On September 7, two financial representatives of the US government gave speeches outlining their views on cryptocurrency legislation. They both have misgivings about […]
Vermont’s financial regulator says Celsius and its CEO made ‘false and misleading claims’
Celsius “lacked sufficient assets to meet its debts,” although saying it had enough reserves to avoid insolvency The Vermont Department of Financial Regulation (DFR) said Celsius Network and its CEO Alex Mashinsky misled state authorities regarding the company’s financial health and compliance with securities laws. Vermont’s financial regulator claimed in a document filed on Wednesday […]
Wall Street bets on a big rate hike, crypto traders short bitcoin.
Some central bank officials want to see “several months” of low inflation to gain confidence On Wednesday, a number of Federal Reserve members gave indications that the U.S. central bank will keep raising interest rates unless there are definite indicators that inflation is slowing for several months. This week, Bitcoin (BTC) has had a difficult […]