2023-3-14 23:54 |
The designation of SVB’s failure as a potential systemic threat gives the FDIC more options to sell the bank. origin »
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The Federal Deposit Insurance Corporation (FDIC) has just issued an appeal for US savers to leave their money in their bank accounts. The message follows hints of a bank run as coronavirus-induced panic continues to spread.
2020-3-25 08:15 | |
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Square, a financial service and merchant aggregator, received a formal conditional approval from the Financial Depository Insurance Corporation (FDIC) to launch its bank, Square Financial Service. The bank is chartered as an Industrial Loa Company (ILC) with a prospective launch date in 2021 to be announced.
2020-3-19 18:00 | |
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The U. S. Federal Deposit Insurance Corporation (FDIC) has granted conditional approval for Square to function as an Industrial Loan Company (ILC). FDIC Grants Square’s Deposit Insurance Application According to a press release issued on Wednesday (March 18, 2020), the FDIC Board approved Square’s deposit insurance application to create a “de novo industrial bank.
2020-3-19 16:00 | |
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Bitcoin advocate and Twitter CEO Jack Dorsey just had his application to launch Square Financial Services Inc. approved by the FDIC. This means that the U. S. financial services and mobile payment company whose cash app allows for payments in bitcoin will soon be able to issue loans to commercial merchants.
2020-3-19 15:30 | |
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Square Financial Services was given conditional approval by the FDIC Board for an Industrial Loan Company bank charter on Wednesday.
2020-3-19 00:42 | |
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An SPDI charter offered in Wyoming lets U.S. firms offer banking and custody services under a regulator that’s not the FDIC, but the application and capital requirements are as rigorous as launching a de novo state-chartered bank.
2020-1-15 20:00 | |
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Cryptoasset prime dealer and trading platform SFOX revealed that they have partnered with the New York-based M. Y. Safra Bank to offer its trader with deposit accounts insured by Federal Deposit Insurance Corp.
2019-5-15 15:20 | |
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SFOX crypto traders will now have access to insurance through the U.S. government’s Federal Deposit Insurance Corporation (FDIC) worth up to $250,000
2019-5-15 12:41 | |
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Coinspeaker SFOX Partners M. Y. Safra Bank to Offer Segregated, FDIC-Insured Bank AccountsSan Francisco-based cryptocurrency prime brokerage, SFOX, partnered with the century-old New York-based M.
2019-5-15 12:36 | |
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By CCN: Crypto mass adoption hopefuls rejoice. FDIC protection is here. Cryptocurrency prime dealer SFOX is partnering with M. Y. Safra Bank of New York to offer traders and investors deposit accounts backed by the Federal Deposit Insurance Corp.
2019-5-15 01:15 | |
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CryptoNinjas SFOX, a crypto asset prime dealer and trade platform, announced today a new relationship with M. Y. Safra Bank to provide its traders with access to FDIC-insured deposit accounts to securely hold their funds.
2019-5-14 18:01 | |
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Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets.
2019-5-13 16:37 | |
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The state of Wyoming has passed a blockchain bill that allows banks to provide banking services to blockchain companies in the state. According to the legislative document, the new bill would create a new banking category called the Special Purpose Depository Bank, a group of financial institutions in the state that provide banking services to blockchain-based businesses.
2018-12-3 19:48 | |
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Jared Rice Sr. , CEO of the Dallas-based bank AriseBank, was arrested by the Federal Bureau of Investigation (FBI) on Wednesday, November 28, 2018, and charged with six counts of securities fraud and wire fraud.
2018-11-30 23:03 | |
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Despite a prolonged cryptocurrency bear market and regulatory uncertainties, OKCoin, one of the largest cryptocurrency exchanges in the world, is expanding to Latin America launching a new exchange platform headquartered in Buenos Aires, Argentina.
2018-11-15 17:45 | |
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On July 5, it was confirmed that Square Inc. had withdrawn its application to open a new depository bank, but said it will refile later this year with the Federal Deposit Insurance Corp. However, its application with the Utah Department of Financial Institutions remains active.
2018-7-6 13:00 | |
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Former FDIC Chairman Sheila Bair on bank stress tests, the U.S. economic outlook and the future of cryptocurrency. Q1 hedge fund letters, conference, scoops etc, Also read Lear Capital: Financial Products You Should Avoid? Image source: YouTube Video Screenshot Sheila Bair: Fed Needs To Consider A Digital Currency Transcript Well it’s certainly a lot […]
2018-6-22 15:27 | |
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So they pull their uninsured money out of the banking system, disrupting the free flow of payments. […] However, suppose consumers could convert their bank deposits into a digital currency that would be issued and backed by the Fed? When it wants to raise rates — as it is doing now — it reduces its
2018-6-13 07:25 | |
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Among the pieces being auctioned include a zombie CryptoPunk and Autoglyphs from Larva Labs as well as Dmitri Cherniak’s artwork “The Golden Goose.”
Sotheby’s has announced that it will be auctioning Neil Stephenson’s original Snow Crash novel manuscript where the metaverse term was first used. The auction is part of a series dubbed Infocalypse that features six physical and six digital items which…
The new marketplace allows the prestigious auction house to carry out auctions and sales on the Ethereum blockchain “from start to finish.”
After launching successful nonfungible token collections, the digital artist has set his sights on metaverse NFTs, believing they will become an important market in the future.
It's the latest addition to a series of crypto-crowdfunding campaigns to receive increased spectator scrutiny.
The Kusama Council is set to announce a further five parachain auctions after a successful $450 million TLV in the first round back of June 2021.