Signature

An estimated $4 billion in cryptoassets will remain under the receivership of the FDIC

Bitcoin was introduced to the world right after the 2008 financial crash, and fifteen years later, we’re witnessing anew the failure of reserve banking and a debt-based system

The narrative conflating SVB with crypto woes is dangerously misleading

Potential acquirers of Signature will tell the FDIC what assets and liabilities they’re willing to take from the bank, the FDIC representative added

The comments counter former Rep. Barney Frank’s assertion that Signature’s collapse is due to crypto

The falls of Silvergate, Silicon Valley Bank and Signature have left the crypto banking segment in flux, industry watchers say, though other options exist

In a short speech, Biden told Americans their money is safe and executives will be held accountable

Taxpayers will not be forced to bail out either bank, as Signature is added to the list of failures

Silvergate execs managed to time the top of the bull market pretty well — as did insiders at other major crypto firms

With regulatory headwinds, US banks are probably not making payments systems a priority

Prominent crypto companies are moving away from Silvergate amid insolvency concerns

Last month, Signature banned SWIFT transactions less than $100,000

Silvergate’s share price “moved in line” with bitcoin’s performance for “most of 2021-22,” according to Kaiko analysts

Crypto bank Signature has told Binance it would no longer be servicing customer transactions via SWIFT below a $100,000 threshold come February

Collapsing cryptocurrency prices have sent short sellers on a frenzy, and they’re targeting some of digital assets’ biggest companies