For all the angst this week about how troubles in the crypto industry are fueling a banking crisis, the reality, so far, is actually something else: Of the two banks that went under, the one squarely focused on crypto – Silvergate Capital – escaped the black mark of a federal bailout. origin »
Silvergate Bank received $4. 3 billion from the San Francisco-based Federal Home Loan Bank last year, following the collapse of crypto exchange FTX, according to the firm’s Q4, 2022 flings.
The post Silvergate received a $4.
A lot of ups and downs going on in the crypto industry have pushed some, if not most, companies to the edge of insolvency. Following its request for emergency bailout funding, popular crypto lender Genesis has slashed its staff members and is now considering a chapter 11 bankruptcy filing. This is not the first time […]
The Alameda Wallets show strange activities after the bailout of Sam Bankman-Fried. Could he be selling more crypto?
The post Sam Bankman-Fried Could Be Selling More Cryptos Shortly After His Bail Out appeared first on BeInCrypto.
Embattled crypto lender Genesis was reportedly seeking a bailout before it suspended withdrawals this week.
The post Gemini Exodus Begins as Genesis Liquidity Woes Deepen appeared first on BeInCrypto.
Reeve Collins, co-founder of Tether and current CEO of BlockV, an NFT-focused platform, says the problems affecting crypto companies today are the “inevitable missteps” that will eventually give way to success and growth.
Reeve Collins, co-founder of Tether and current CEO of BlockV, an NFT-focused platform, says the problems affecting crypto companies today are the “inevitable missteps” that will eventually give way to success and growth.
A leaked investor call from Tuesday discloses that Morgan Creek Digital is attempting to collect $250 million from investors to acquire a controlling interest in crypto lender BlockFi. Through participation in BlockFi’s D series fundraise, the cryptocurrency investment firm is one of the company’s largest investors.
The CEO of the world’s largest crypto exchange Binance Changpeng “CZ” Zhao addressed the bailout happening in the industry. As a result of the recent downside trend across the market, the collapse of the Terra ecosystem, and high leverage positions, several companies need financial rescue.
Per a report from The Wall Street Journal, proprietary crypto trading firm Three Arrows Capital (3AC) has confirmed the rumors about its insolvency. The firm has hired a legal and financial team of advisors to “work out a solution for its investors and lenders”, as stated by 3AC co-founder Kyle Davies. Related Reading | Is Elon […]
Three Arrows Capital has reportedly hired legal and financial advisors to help it establish a plan to pay back investors and lenders. Zhu and Davies Mulling Bailout Three Arrows Capital...
In her interview with Bloomberg, Senator Elizabeth Warren warned about major risks surrounding the ongoing expansion of crypto as she called for stricter market regulation.
The post Senator Elizabeth Warren says crypto might need a ‘bailout’ if things go wrong appeared first on CryptoSlate.
Crypto firms received at least $30 million in government-backed loans, Brazil bans Binance's derivatives trading and Mercedes Benz' parent tests blockchain.
At least 45 crypto and blockchain startups, ranging from Bittrex to the Electric Coin Company, received U.S. Paycheck Protection Program loans, new filings show.
The Swiss government reportedly rejects the $103 million bailout plea crypto companies sought to alleviate the severe impact of COVID-19. Businesses in Switzerland’s “Crypto Valley” have failed to secure loans worth 100 million Swiss francs (about $103 million), according to local news published Wednesday.
The finance director of Switzerland's "Crypto Valley" has been denied a request for extra assistance for blockchain and crypto startups affected by coronavirus funding drought.
Switzerland’s government has rejected a 100 million franc ($103 million) bailout for local cryptocurrency companies battered by the coronavirus economy, local media reported. Zug finance director Heinz Taennler requested the special funding package in April.
Switzerland’s “crypto valley” is asking the government for 100 million Swiss francs ($102. 7 million) in funding, local media reported. The once flourishing Swiss cryptocurrency industry is struggling to survive following the withdrawal of private equity investors.
Predictions for the top 3 cryptocurrencies, massive XRP price surge, BSV?s botched halving, Trump?s support for airline bailout, and Bitfinex?s new lawsuit.
The crypto market rally ignited last week has failed to convince this week. Though there have been numerous triggers, including today’s FED announcement for a $2 trillion bailout, the market is still stalled.
China’s Hengfeng Bank is set to get a $14. 2 billion bailout from both Chinese government and foreign investors. An emergency decree has been approved to bail out southern Italy’s biggest lender, Banca Popular di Bari.
Thailand’s vibrant digital asset scene was shaken earlier this month when its most popular exchange unexpectedly announced an imminent closure. The news left crypto traders dazed and confused and fearing a wider crackdown from the military dominated government.
Decentralized autonomous organizations (DAOs) are one of crypto's more novel and ambitious applications — one that Bitcoin, until recently, has had nothing to do with.
Goldman Sachs is not opening an institutional crypto trading desk, despite rampant rumors suggesting otherwise. That’s what Goldman Sachs CEO David Solomon told the House Financial Services Committee this week.
There have been allegations in the past on Tether scam and the fact that it is connected to Bitfinex Exchange. In fact it is said the two companies have the same owner. EOS conducted and Initial Coin Offering that lasted a year which ended in June this year.
Littio, a Colombian Neobank, has partnered with OpenTrade to provide interest-bearing USD accounts to local customers on the Avalanche blockchain. According to a press release shared with crypto.
Digital bank Revolut is set to release a cryptocurrency exchange targeting "advanced traders," according to an email sent to customers that was seen by CoinDesk.