Crypto highlighted as ‘novel and complex’ risk to US banks: FDIC report
A leading U.S. financial regulator has sounded the alarm on the looming risks posed by crypto-assets and their associated activities.
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Blockchain News
OKCoin Faces Regulatory Scrutiny Over Misleading Claims of Account Protection
In a recent development, the U.S. Federal Deposit Insurance Corp. (FDIC) has ordered OKCoin, a prominent cryptocurrency exchange, to rectify.
- by Kelvin Munene
- June 16, 2023
Latest News
Unprecedented Deposit Exodus in the US: Americans Protecting Wealth Amidst Record-Breaking Numbers
Recent data from the Federal Deposit Insurance Corporation (FDIC) has revealed a startling trend in the United States. Americans are.
- by Kelvin Munene
- June 3, 2023
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DeFi and the Need for Government-Supported Organizations: A Closer Look
In the US, traditional finance users are protected by government-supported organizations that provide insurance for their deposits, protecting them from.
- by Kelvin Munene
- May 12, 2023
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New York Regulator Confirms Crypto Did Not Sink Signature Bank
On March 5, NYDFS Superintendent Adrienne Harris revealed at a crypto industry conference that crypto was not the reason of.
- by Oladapo Hapostle
- April 6, 2023
Bitcoin News
First Mover Asia: Bitcoin Hovers Around $28,000
Has cryptocurrency finally reached its tipping point? Stefan Rust, a crypto investor and CEO of data aggregator TruFlation, suggested that.
- by Oladapo Hapostle
- March 31, 2023
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‘How did this happen’ — Powell Says Fed Stumped Over the Collapse of SVB
The chairman of the United States Federal Reserve, Jerome Powell, has admitted that his regulator was caught off guard by.
- by Oladapo Hapostle
- March 23, 2023
Latest News
‘Operation Choke Point 2.0’ May Have Contributed to SVB’s Collapse: Mulvaney
According to Donald Trump’s former acting White House chief of staff, Mick Mulvaney, if the US government truly implements “Operation.
- by Oladapo Hapostle
- March 22, 2023
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 Oladapo Hapostle
- March 20, 2023
Latest News
FDIC Sells Signature Bank Deposits to Flagstar, Crypto not Included
Signature Bank’s deposits and loans are expected to be sold to Flagstar Bank, a subsidiary of New York Community Bancorp,.
- by Oladapo Hapostle
- March 20, 2023