July 23, 2024
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Latest News

Signature Bank Non-Crypto Related Deposits to Be Assumed by New York Community Bancorp Unit: FDIC

Non-crypto related deposits held by the former Signature Bank, which is now known as Signature Bridge Bank, will be assumed by Flagstar Bancorp, N.A., a subsidiary of New York Community Bancorp, as of Monday in accordance with a purchase and assumption agreement, as stated in a press release that was issued by the FDIC on

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Is CZ Right in Saying That “Banks Are a Risk to Fiat-Backed Stablecoins”? Probably Not

Over the past week, the peg of USDC to USD came under strain, after Circle revealed that it had significant deposits in the now-bankrupt Silicon Valley Bank (SVB).   As news of this broke, USDC holders began to express doubt, and many started to sell their USDC tokens, causing the stablecoin to depeg by almost

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Latest News

Janet Yellen Grilled on Bank Failures, Proposes Only Banks With Systemic Risks Get Refunded

Following the failures of Silicon Valley Bank and Signature Bank, bank regulators rushed to make all depositors whole. This includes deposits made through a special fund that exceed the FDIC insurance standard. “Our banking system is solid, and Americans can feel sure that their savings will be there when they need them,” Janet Yellen said

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