2023-3-8 02:00 |
FDIC examiners met with Silvergate management at its headquarters in California last week.
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Coinspeaker Silvergate Reportedly Working Out a Rescue Plan with FDIC Officials FDIC officials are reportedly looking at the books and records of Silvergate Bank and could provide a remedy for bank to come out of the turmoil.
2023-3-8 14:59 | |
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Officials from the government agency reportedly entered Silvergate’s headquarters last week, with discussions revolving around how to salvage the crypto bank.
2023-3-8 03:39 | |
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Silvergate Bank had a really rough week, to the point where a not-insignificant number of people were waiting for the Federal Deposit Insurance Corporation (FDIC) to announce the bank had entered receivership after close of business Friday.
2023-3-8 02:52 | |
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Failing crypto bank Silvergate is exploring ways to make a recovery with United States regulators, according to a report from Bloomberg on March 7. The post Failing bank Silvergate and FDIC are discussing recovery plans appeared first on CryptoSlate.
2023-3-8 02:43 | |
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Аналог Notcoin - Blum - Играй и зарабатывай Монеты
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A new assessment by the Federal Deposit Insurance Corporation (FDIC)’s Office of Inspector General has brought to light substantial gaps and deficiencies in its ability to provide clarity to member banks on policies and procedures regarding crypto activities.
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Another top 20 U.S. bank bites the dust, but Ether’s price fails to benefit from the event.
Bitcoin is trading around the $28,000 mark, after trading higher. The churn comes after news that the First Republic Bank is close to seizure by U.S. authorities.
Regulatory uncertainty and the recent enforcement actions taken against major crypto exchanges reduces the odds of Bitcoin breaking above $30,000 in the short-term, but investors are still bullish.
Conflicting data creates the question of how the Fed will react to both rising inflation and failing banks - and whether bitcoin will be a lifeboat.
It seems the crypto industry still has some questions about Signature and Silvergate’s shutdowns.