- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menuResearch
FDIC
No Crypto Banking Port Has Really Opened Up in This U.S. Storm
As Silvergate, Signature and Silicon Valley banks imploded, crypto customers grabbed assets and ran, but those hoping to land at major U.S. banks have been mostly disappointed.
Signature Bank Noncrypto-Related Deposits to Be Assumed by New York Community Bancorp Unit: FDIC
The 40 former branches of Signature Bank will operate under New York Community Bancorp's Flagstar Bank, N.A., from Monday. The FDIC will provide digital-banking business deposits directly to those customers.
This Crisis Will Define the Future of Money
The recent collapse of three high-profile banks - Silicon Valley Bank, Silvergate Bank and Signature Bank - has caused worrying outflows at hundreds of regional banks. Now, with the U.S. Federal Reserve creating a new backstop facility reportedly worth $2 trillion, the echoes of crises in 2008 and 2013 are loud.
SVB Implosion Tanked NFT Trading Volumes, DappRadar Report Suggests
The day after the Federal Deposit Insurance Corp. took control of Silicon Valley Bank, there were only 12,000 active NFT traders, according to DappRadar. That's a number not seen since November 2021. Animoca Brands co-founder and Executive Chairman Yat Siu reacts to this report and discusses his outlook for the NFT market and the broader state of Web3. Plus, insights into Animoca backing Nuqtah, Saudi Arabia's first NFT marketplace platform.
Former NYDFS Superintendent Reacts to Signature Bank Shutdown
Reuters reports that the Federal Deposit Insurance Corporation (FDIC) wants bids submitted by today for banks interested in buying the assets of Signature Bank. Former New York State Department of Financial Services (NYDFS) Superintendent Maria Vullo discusses Signature's shutdown and the potential implications for the U.S. crypto regulatory landscape.
FDIC Denies Report Signature Bank Purchaser Must Give up Crypto Business
The Federal Deposit Insurance Corporation (FDIC) denied it would require any purchaser of Signature Bank to divest its crypto activities, responding to Reuters reporting Wednesday, "any buyer of Signature must agree to give up all the crypto business at the bank," which cited two unnamed sources. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the details.
FDIC Denies Report Signature Bank Purchaser Must Divest Crypto
Reuters reported the FDIC wanted Signature’s buyers to “give up” the bank's crypto activities.
U.S. Banking Collapse Doesn't Necessarily Make Crypto Trustworthy
The fall of Silicon Valley Bank had a convenient deus ex machina to fix collateral damage. Crypto cannot expect the same, Wilson Sonsini Goodrich & Rosati partners Jess Cheng and Amy Caiazza write.
Osprey Funds CEO on Bitcoin Outlook Amid Banking Sector Concerns
Osprey Funds founder and CEO Greg King reacts to a new report that states the amount of bitcoin (BTC) held in funds could be dropping and weighs in on whether the largest cryptocurrency by market capitalization remains a "safe haven" asset amid the recent banking jitters. Plus, his take on the FDIC takeover of Signature Bank.
Former FDIC CIO on Liquidity Concerns, Banking Jitters
Sultan Meghji, former FDIC Chief Innovation Officer and current Duke University Professor and Scholar at the Carnegie Endowment for International Peace, joins "All About Bitcoin" to discuss the role of crypto in the latest contagion jitters surrounding the banking sector. Plus, insights on the liquidity concerns as the Federal Deposit Insurance Corp. replaced $40 billion in funds it took from the TGA, initially earmarked to help ease market disruptions from the closure of SVB.