A New Crypto Banking System Arises Under the Shadow of a Regulatory Crackdown

(Bloomberg) -- Two months after the collapse of Silvergate Capital Corp. and Signature Bank, a new banking landscape for crypto companies is taking shape amid an expanding crackdown on the industry in the US. Most Read from BloombergAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsDonald Trump Charged in Florida Over Secret Documents CaseRussian Elite Is Souring on Putin’s Chances of Winning His WarLeaving New York for Miami Can Save Nearly $200,000S&P 500 Enters Bull Market as Tech R

• 2023-06-09
• Signature Bank open bank accounts Bloomberg News Customers Bancorp Inc. bank account Bloomberg digital assets banking system deposit accounts industry participants

The Era Of Crypto: Bitcoin Sets New Record Of Daily Transactions Amid Banking Turmoil

It's been a tumultuous year for the financial sector, as macroeconomic headwinds caused the 16th-largest bank in the U.S. to shut its doors in March. An unforeseen upside is happening as decentralized cryptocurrencies make a stellar comeback after a brutal crypto winter last year. See Next: Gamers Making Thousands Selling Gaming Skins And Assets: Gameflip's Bold Vision For The Future Of Gaming Commerce Despite recessionary risks, people have been investing in riskier alternative assets such as c

• 2023-05-09
• First Republic Bank Bitcoin banking sector banking system Silicon Valley Bank centralized banking bank failure retail investors cryptocurrencies

Bitcoin Rises as Latest Teetering U.S. Bank Sends Traders to Crypto Haven

The California-based regional lender is weighing strategic options, according to Bloomberg.

• 2023-05-04
• PacWest Bancorp First Republic Bank JPMorgan banking system banking crisis

Bitcoin Climbs Above $28,000 With the Spotlight on Banking Stresses

Bitcoin is echoing moves earlier this year, when the cryptocurrency rallied sharply during the banking turmoil caused by the collapse of Silicon Valley Bank.

• 2023-04-26
• Bitcoin banking system First Republic Bank

ARK CEO Cathie Wood on the Fed, Crypto, SVB, and Her Faith in Innovation Stocks

Since last year, the ARK Invest CEO has been warning that the Fed's interest-rate increases could break the financial system.

• 2023-03-25
• Silicon Valley Bank Cathie Wood interest rates ARK Invest the Federal Reserve financial system banking system ARK funds monetary policy Signature Bank

First Mover Asia: Crypto VC Funding Was Resilient in the Bear Market. It’s Now Powering Through This Mini-Bull Cycle

A Crypto Rank team of analysts wrote that “despite the inherent volatility of the cryptocurrency market, venture capitalists…continue to pour significant investments into the industry.”

• 2023-03-21
• the Fed Tom Shaughnessy banking system bull market Good morning Asia Crypto

Cathie Wood complains that regulators unfairly targeted crypto while missing the crisis ‘looming’ in traditional banking

The tech investor argued that problems in traditional banking hurt cryptocurrencies, not the other way around.

• 2023-03-15
• Silicon Valley Bank Cathie Wood Federal Reserve banking system SVB cryptocurrencies Signature Bank

Banks are bringing systemic risks to crypto, says Circle’s Disparte

The recent U.S. bank failures are proof that the banking system is introducing systemic risks to the crypto industry, not vice versa, says Circle chief strategy officer Dante Disparte.

• 2023-03-14
• Circle Internet Financial USDC crypto Silicon Valley Bank banking system systemic risks Dante Disparte market capitalization SVB Signature Bank

Silicon Valley Bank Rocks Crypto and Equity Markets Ahead of Nonfarm Payrolls

Pressure on the U.S. banking system is questioning whether the Fed can push ahead with such an aggressive tightening cycle, analysts at ING said.

• 2023-03-10
• Silicon Valley Bank Risk aversion bond yields banking system Treasury yields

Fed's Barr warns banks to take 'careful and cautious approach' to crypto

Fed vice chair Michael Barr issued his latest warning to the banking system over their ties to the crypto industry.

• 2023-03-10
• Michael Barr Federal Reserve systemic risk banking system