Signature Bank, a cryptocurrency-friendly bank, is reportedly under investigation by two United States government bodies over concerns that it did not take adequate measures to detect potential money laundering by its clients. According to a […]
Last week, Silvergate Bank, a California firm that catered to crypto companies, said it would “voluntarily liquidate” and shut down. Days later, tech startup-focused firm Silicon Valley Bank (SVB), which had some crypto clients, was […]
The sudden collapse of Silicon Valley Bank (SVB) has attracted the attention of the US Department of Justice (DoJ) and Securities and Exchange Commission (SEC), who have launched investigations into events leading up to the […]
Bitcoin’s dominance has also strengthened while stablecoin unrest has surfaced over the last few weeks, with the world’s second largest stablecoin USDC, depegging from the dollar following the collapse of Silicon Valley Bank. USDC has […]
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