Signature Bank Closure Deals Another Blow to Crypto Industry

(Bloomberg) -- The closure of Signature Bank, a lender that counted a number of crypto companies as customers even as it recently signaled a pullback from the industry, marks another major setback for digital assets.Most Read from BloombergFDIC Auction for Failed SVB Underway, Final Bids Due SundayUS Discusses Fund to Backstop Deposits If More Banks FailSVB Fallout Spreads Around World From London to SingaporeUS Plans Emergency Measures to Backstop Banks After SVBFDIC Races to Return Some Uninsu

• 2023-03-13
• Signature Bank Silicon Valley Bank Bloomberg Silvergate digital assets Silvergate Capital Corp.

Bitcoin Has Worst Week Since FTX Crash as Headwinds Take Toll

(Bloomberg) -- Bitcoin is having its worst week since November as an equity selloff, jitters in the banking sector and an escalating US regulatory crackdown on crypto combine to hurt investor sentiment.Most Read from BloombergOne Bank Folds, Another Wobbles and Wall Street Asks If It’s a CrisisWhy Is Everyone Talking About SVB? Here's Everything We Know About the Bank Right NowSilicon Valley Bank Swiftly Collapses After Tech Startups FleeSVB Races to Prevent Bank Run as Funds Advise Pulling Cash

• 2023-03-11
• Silicon Valley Bank Bloomberg market sentiment Federal Reserve banking sector investor sentiment SVB Bitcoin Silvergate Capital Corp. Spencer Hallarn