First Mover Americas: Bitcoin, as Safety Play, Climbs Past $28K

The latest price moves in bitcoin (BTC) and crypto markets in context for March 20, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

• 2023-03-20
• Signature Bank Silicon Valley Bank Flagstar Bank Federal Reserve New York Community Bancorp Signature Bridge Bitcoin digital banking

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

The 40 former branches of Signature Bank will operate under New York Community Bancorp's Flagstar Bank, N.A., as of Monday.

• 2023-03-20
• Signature Bank New York Community Bancorp Flagstar Bank FDIC Bridge Bank Signature Bridge

Signature Bank was seized to send banks a message to avoid crypto, director claims

A regulatory takeover of a New York-based bank was intended to send a message to U.S. banks to stay away from the cryptocurrency business, a former member of Congress who was on the bank’s board says.

• 2023-03-14
• Signature Bank Silicon Valley Bank Barney Frank FDIC Signature Bridge Kathy Hochul