Bitcoin surges past $28,000 after UBS deal to buy Credit Suisse

MARKET PULSE Bitcoin surged on Sunday night after the announcement that UBS will buy Credit Suisse, setting the stage for a potential risk-on rally. Bitcoin (BTCUSD) recently was trading at $28,255, up some $842.

• 2023-03-20
• Credit Suisse MARKET PULSE Bitcoin

NatWest sets £1,000 daily limit for customer crypto activities

U.K. bank NatWest said it’s imposing a daily limit of £1000 ($1,216) and a 30-day payment limit of £5000 to cryptocurrency exchanges is being implemented to help protect customers losing life changing sums of money.

• 2023-03-14
• NatWest payment limit cryptocurrency exchanges MARKET PULSE

Crypto-friendly Signature Bank shut down by regulators, after collapses of Silicon Valley Bank, Silvergate

State authorities closed Signature Bank (SBNY) Sunday, after Silicon Valley Bank was shut down by regulators on Friday in the biggest bank failure since the 2008 financial crisis, according to a joint statement by the Department of the Treasury, Federal Reserve, and FDIC. All depositors of Signature bank will be made whole, according to the statement. New York-based Signature Bank has been popular among crypto companies, especially after crypto-friendly Silvergate Bank (SI) said Wednesday

• 2023-03-13
• Silicon Valley Bank Signature Bank Silvergate Bank 2008 financial crisis Federal Reserve MARKET PULSE digital assets the Department of the Treasury

Binance.US can take on Voyager’s crypto customer accounts: WSJ

Binance.US, the U.S. version of the global crypto exchange Binance, can move forward with absorbing customer accounts and around $1 billion in crypto from Voyager Digital, a judge said — despite objections from the Securities and Exchange Commission, the Wall Street Journal reported on Tuesday. The Journal reported that Judge Michael Wiles of the U.S. Bankruptcy Court in New York approved the deal between Binance.US and Voyager, which filed for bankruptcy protection last year, leading to an ass

• 2023-03-08
• Voyager Digital The Journal the Wall Street Journal Michael Wiles MARKET PULSE