'Rich Dad, Poor Dad' Author Predicts Possible Turn After Two Crypto-Friendly Banks Crash

Robert Kiyosaki has expressed his thoughts on what may happen after two large banks friendly to crypto exchanges have stopped operations

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Global AUM of crypto ETPs rose to $28 billion in February: Fineqia

The cryptocurrency market is seeing yet another rough patch as prices fall amid negative sentiment around collapsed crypto-friendly banks Silvergate Bank and Silicon Valley Bank. But the declines being witnessed in March come after a slightly positive February where the total cryptocurrency market cap held above $1 trillion.

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What does the Silvergate collapse mean for crypto?

The recent collapse of crypto-friendly bank Silvergate will likely increase regulatory scrutiny on the ties between the crypto industry and the banking sector in the United States.

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Polygon (MATIC) Down By 7% Amidst Massive Whale Activity

MATIC, the utility token of the Polygon network and one of the biggest altcoins, has been on a steady decline in the last few weeks along with most of the crypto market due to the ongoing financial troubles of the popular crypto-friendly bank, Silvergate.

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Silvergate shares tumble after company says it’s shutting down crypto bank

Silvergate shares fell sharply after news the crypto-friendly bank would be winding down operations. The company says it will issue full repayments of all customer deposits. Silvergate has been in trouble since late 2022 following the collapse of crypto exchange FTX.

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Morgan Stanley Sees More Regulatory Scrutiny of Crypto On-Ramps as Silvergate Falters

Following the closure of crypto-friendly bank Silvergate, the focus will be on actions by Signature Bank and crypto exchange Binance, the report said.

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Crypto Mogul Mike Novogratz Takes Jab at Senator Warren

Crypto investor and Galaxy Digital founder Mike Novogratz takes swipe at U.S. Senator Elizabeth Warren over her recent criticism of Silvergate, failed crypto-friendly bank

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Web3 startup nealthy raises $1.3M in pre-seed backed by top industry investors

The Web3 startup offers users access to diversified investment opportunities. nealthy says it will use the funds to boost the NFT and crypto investing space. neathy is incorporated in Dubai, an increasingly crypto-friendly jurisdiction.

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Silvergate’s Struggles Will Likely Boost Stablecoins’ Role in Crypto Trading: Kaiko

Ailing crypto-friendly bank Silvergate closed its instant settlement SEN platform last week, which has been a key on-ramp for institutional crypto investors to transfer U.S. dollars to exchanges.

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White House ‘aware of’ stressed crypto friendly bank Silvergate, says press secretary Karine Jean-Pierre

On March 6, White House Press Secretary Karine Jean-Pierre was pressed on whether the President was monitoring the evolving situation around the stressed crypto-friendly bank Silvergate. The post White House ‘aware of’ stressed crypto friendly bank Silvergate, says press secretary Karine Jean-Pierre appeared first on CryptoSlate.

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Kraken confirms plans to launch its own bank

Kraken says the crypto bank is on track for launch. The crypto exchange will initially offer the Kraken Bank services to customers in the US. The launch of a new crypto-friendly bank comes at a time the crypto bank Silvergate continues to falter after the collapse of FTX.

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Coinbase, Paxos halt business with Silvergate Bank

Coinbase (NASDAQ: COIN) has announced it is discontinuing its business relationship with Silvergate (NYSE: SI), a crypto-friendly bank that is looking increasingly in trouble following the crypto winter and the collapse of FTX.

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Is Miami Still A Home For Crypto? This Report Says Yes

Is the Miami narrative around crypto dead and gone? Bear market conditions have certainly trimmed dialogue around the most crypto-friendly markets in the US, but one new report suggests that it’s not all doom and gloom.

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Crypto Bank Silvergate Stock Tumbles 45% After 'Going Concern' Filing

The crypto-friendly bank extends its losses after delaying its annual report filing.

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Crypto Bank Silvergate Uncertainties May Put TradFi Heavy Hitters' Stakes in Jeopardy

Silvergate shares have tumbled 29% in after hours trading on Wednesday as the crypto-friendly lender raised a “going concern” issue in a regulatory filing.

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Gate.io Plans To Enter Hong Kong After Gov. Allocates $6.4 M For Web 3 Space

Gate Group, the parent company of the Gate. io crypto exchange, becomes the latest to apply for a license in Hong Kong. The firm joins Huobi Global, OKX, and Bitget, seeking approval in the regime due to crypto-friendly policies.

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Revolut Leads UK Crypto-Friendly Efforts With New Crypto Staking Feature

Revolut recently launched a cryptocurrency staking feature on its app. Kicking off with Cardano, Tezos – and much later to join – Ethereum and Polkadot, Revolut is looking to tap into growing crypto interest among its nearly 25 million unique users.

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Class-action lawsuit alleges Signature bank ‘permitted’ FTX comingling customer funds

Crypto-friendly Signature Bank has been drawn into a class-action lawsuit over its role in the operations of the defunct crypto exchange FTX, according to a February 6 court filing. The post Class-action lawsuit alleges Signature bank ‘permitted’ FTX comingling customer funds appeared first on CryptoSlate.

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This Bank Ends loans Secured By Crypto Mining Rigs, What’s Ahead?

A crypto-friendly bank, BankProv, has recently announced that it will no longer offer loans backed by crypto mining rigs. Previously, the bank offered such loans as a way for clients to fund their mining operations.

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BankProv Stops Offering Loans Collateralized With Crypto Mining Machines

The crypto-friendly bank wrote off $47.9 million in loans, primarily mining rig-collateralized debt.

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Crypto-Friendly Bank Silvergate Suspends Dividend Payouts

Silvergate, a California-based crypto bank whose shares are listed on the New York Stock Exchange, is suspending dividend payout to remain highly liquid as the digital currency market tries to pull itself out of the liquidity crisis of 2022.

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Crypto bank Silvergate suspends preferred stock dividend

Crypto-friendly bank Silvergate announced its suspended payment of dividends on its series A preferred stock. The company’s shares fell more than 11% pre-market after the announcement. Silvergate reported a $1 billion loss in the fourth quarter and also cut its staff by 20% amid the crypto bear market and impact of FTX collapse.

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Twitter Expands Price Index Feature To Cover 30 Crypto Assets As The Market Flips Super Green

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Silvergate stock plummets below the two-year low

Silvergate, a crypto-friendly bank based in San Diego, becomes the latest victim of the crypto downfall. The company released a public statement pleading to have been exposed to the FTX debacle. Silvergate falls victim to FTX collapse Silvergate bank has…

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Silvergate Shares Drop to Fresh 2-Year Low Amid FTX Testimony

The crypto-friendly bank announced earlier this month that it was a “victim” of the failed crypto exchange.

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Crypto hotspots continue to thrive despite FTX collapse

Crypto-friendly cities throughout the world report growth and innovation despite recent events.

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Crypto Bank Silvergate Slides Further After Letter from US Sen. Warren

Senator Elizabeth Warren (D-Mass) and two GOP senators have asked crypto-friendly bank Silvergate (SI) for answers over its supposed role in facilitating transfers between bankrupt exchange FTX and its sister firm Alameda Research, NBC reported Tuesday.

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50 days left until Digital Assets Summit in Switzerland

One of Europe’s most exciting blockchain conferences — the World Crypto Conference 2023 — will be held from Jan. 13 to 15 in Switzerland, the global center of traditional finance and one of the world’s most crypto-friendly countries.

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EOS blockchain creator Brendan Blumer bought a 9.3% stake in Silvergate Capital

Brendan Blumer — a creator of smart contract platform EOS and one of the richest people in crypto — just single-handedly became the largest shareholder in crypto-friendly bank Silvergate Capital. A recent SEC filing reveals that BLumer acquired a 9.3%…

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Polygon (MATIC) Onboards First Ever US-Compliant Crypto Payroll Platform

Franklin crypto-friendly payroll platform goes live in beta testing mode on Polygon (MATIC) blockchain

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How Is Crypto Taxed In Germany? Is It Really Crypto-Tax Free Country?

Intro Germany is one of the most crypto-friendly countries in the world, especially compared to other European nations. The concept of crypto is a digital representation of value that is not created nor guaranteed by a central bank or other public institution.

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OKX Expands to the Bahamas With New Registration and Regional Office

The crypto exchange has officially registered as a Digital Asset Business in the Bahamas under the country’s crypto-friendly DARE Act.

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Hong Kong’s Sudden Crypto-Friendly Disposition Provokes Many Mixed Reactions From Industry Players

After one year of stringent restrictions on crypto, Hong Kong is reviewing its erstwhile policy on crypto to accommodate retail investors.

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Why the US is one of the most crypto-friendly countries in the world

The United States is making strides on crypto regulation, and it's home to the largest number of Bitcoin and Ethereum nodes in the world.

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Nigeria To Build Crypto-Friendly Digital City In Partnership With Binance

Binance, the world’s largest exchange is in talks with the Nigeria Export Processing Zones Authority (NEPZA) over plans to create a special economic zone focused on crypto and blockchain-related businesses.

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Crypto Accounts Are Being Deactivated In Portugal’s Major Banks – Here’s Why

“Crypto-friendly” banks in Portugal have started deactivating accounts of digital currency exchanges, which could be a sign of things to come. Banking giant Banco Comercial Portugues, the largest publicly traded bank in Portugal, terminated all of the accounts of the Lisbon-based crypto trading platform CriptoLoja last week.

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Rock on, Gibraltar: Pro-crypto regulation pulls Binance and big players

Crypto experts on The Rock of Gibraltar shed light on the crypto-friendly jurisdiction; it could explain why Binance is now recruiting on the British Overseas Territory.

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Pat Toomey blames the SEC for crypto lending platform crisis

A crypto-friendly legislator believes the SEC's regulation-by-enforcement approach to be ineffective.

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Crypto turmoil hasn’t impacted the wider financial system: SEC commissioner

US Securities and Exchange Commission (SEC) Commissioner Hester Peirce says the crypto sector is “too small” as it is to impact the broader financial system. In an interview with Bloomberg Surveillance on Thursday, the crypto-friendly SEC official also explained that regulators cannot decide on a regulatory approach just “based on price.

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Coinbene Review – Fees, KYC, Limits & More

Based in Singapore, CoinBene is a crypto exchange that offers users a simple-to-use platform for crypto-to-crypto trading. According to the words of the Central Bank representatives, Singapore is a crypto-friendly region and the country is considered positive about cryptocurrencies and blockchain technology in general.

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‘Brutal and unrelentingly hard:’ Singapore regulator’s clampdown on crypto

The remarks from the regulator’s chief fintech officer could see the city-state lose its perception as one of the most crypto-friendly countries in the world.

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Conservative MP Matt Hancock advocates for “attractive” tax and regulatory regimes in the U.K.

Conservative MP and crypto advocate Matt Hancock in a keynote speech delivered at Crypto A.M.’s 4th anniversary on June 22 called for a crypto-friendly tax and regulatory regime. The post Conservative MP Matt Hancock advocates for “attractive” tax and regulatory regimes in the U.K. appeared first on CryptoSlate.

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Starling Bank Boss Attacks Crypto Despite Fintech’s ‘Crypto-Friendly’ Status

Anne Boden is more than skeptical about crypto, as she criticizes their use worldwide. The Goldman Sachs-backed digital bank’s CEO has gone head-on against cryptocurrencies, warning users to refrain from digital assets.

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Bermuda’s Crypto-Friendly Regulations; Targets To Become A Digital Asset Hub

Bermuda is the latest country that wishes to be in the forefront when it comes to crypto and its regulations. It is now set to develop an extensive and comprehensive crypto regulatory framework. Through maintaining this transparency, Bermuda is attempting to attract more cryptocurrency related projects, and companies who are enthusiasts in this particular field. […]

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The Least Crypto-Friendly Countries in the World for Enthusiasts

The least crypto-friendly countries: These destinations have outright banned crypto or do not support crypto in public places like cafes, restaurants and shops. The post The Least Crypto-Friendly Countries in the World for Enthusiasts appeared first on BeInCrypto.

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South Korea Plans Crypto Legislation By 2024, Leaked Report

In a move that will see South Korea become even more crypto-friendly, President Yoon has announced his intention to establish a new regulatory framework for the crypto industry by 2024. With this new legislation in place and increasing demand for cryptocurrency services across all areas of commerce, it seems likely they can pull off another […]

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Crypto Stories: YouTuber CryptoWendyO shares how her healthcare skills helped with crypto trading

Crypto-friendly content creator CryptoWendyO talks about how Bitcoin changed her life for the better, making her a successful influencer.

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Crypto Boom In The Gulf: Dubai, Abu Dhabi Fast Becoming Hotbed Of Digital Currency

In response to the global cryptocurrency boom, the United Arab Emirates has become a hub for the industry as a result of its crypto-friendly legislation, which have made it a favorite destination for digital currency aficionados.

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South Korea Postpones Crypto Taxations; Repeals 2017 ICO Ban

South Korea’s incumbent president Yoon Suk-yeol has decided to delay the crypto taxation by reportedly wanting to adopt a different regulatory framework. President-elect Yoon is quite firm on remaining crypto-friendly as he might lift the ban on Initial Coin Offering (ICO) that was imposed in 2017.

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