Banking
Gibraltar's Xapo Bank Enables GBP Payments, Prepares USDC Option Amid U.S. Crypto Banking Crisis
The retail-focused bank will be allowing users to make GBP payments directly to and from their U.K. accounts or wallets.
Banking Crisis in U.S. Likely to Push Crypto Firms Offshore
Switzerland, Lichtenstein and island jurisdictions are among the potential benefactors of the trend.
Is This a Crypto Banking Bailout?
It depends on who you ask, but this round of government interventions doesn’t yet resemble the large-scale, taxpayer-involved rescue in the wake of the 2008 financial meltdown.
Yellen Says No to SVB Bailout, but Says Government Is Working to Help Depositors
The Treasury Secretary sought to ease concerns that the bank’s collapse could lead to a domino effect.
Replacing Silvergate’s Network Is a Challenge for Crypto Industry: JPMorgan
Some of the services provided by Silvergate will migrate to other banks such as Signature Bank, Provident Bancorp, Metropolitan Commercial Bank and Customers Bancorp, the report said.
Morgan Stanley Sees More Regulatory Scrutiny of Crypto On-Ramps as Silvergate Falters
The bank was a major player in the business of moving money in and out of crypto.
Crypto’s Banking Problem Is Not Ironic
Call it Choke Point 2.0, debanking or whatever, the crypto industry’s problems with the banking industry show why the banking industry needs reform.
The Rise and Fall of Silvergate’s Crypto Business
The bank’s own data shows the rapid acceleration of its novel crypto-banking business and how leaning into digital assets made it vulnerable to the industry’s drama.
