Former FDIC Regulator: Friendliness Toward Crypto ‘Does Not Exist’
Two days later, Santa Clara, California-based Silicon Valley Bank (SVB), a go-to institution for venture-backed tech startups, was taken over by the California Department of Financial Protection and Innovation, which said the firm had “inadequate liquidity and insolvency.” This past Sunday, New York-based Signature Bank was closed by state regulators in what they called an effort “to protect investors.” Like Silvergate, Signature Bank operated its own real-time payments platform, Signet.
Related Posts


Newly Discovered Botnet Infected Up to 5,000 Computers with a Monero Miner
Jul 22, 2020 at 15:30 UTCUpdated Jul 22, 2020 at 15:32 UTCA highly sophisticated hacker has infiltrated thousands of computers and hijacked them to covertly mine the privacy coin monero. Security intelligence firm Cisco Talos, part of U.S. tech giant Cisco Systems, said it discovered a botnet – a network of internet-connected devices – that…

Two Libertarians, Two Views on Bitcoin’s Ability to Disrupt Fiat Money
news “Half of the audience here is like, ‘I hope you die in a fire.’” As a libertarian, comedian and podcast host Dave Smith has a lot of common ground with bitcoin enthusiasts, who have a reputation for having a libertarian bent. But when he and others argue that bitcoin isn’t going to replace government-issued…
First Mover Americas: Bitcoin Fails to Hold $63K, May Remain Range-Bound
This article originally appeared in First Mover, CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.Latest Prices(CoinDesk)Top StoriesBitcoin (BTC) rose during the European morning on Monday, peaking at around $63,200, before retreating below $62,800. BTC may be again trying to rally above $64,000

Investors on CoinList Pour $10M Into Celo Token Sale in Roughly 12 Hours
May 13, 2020 at 11:00 UTCUpdated May 13, 2020 at 11:42 UTCDenisse Halm of cLabs hosts a workshop in Mexico City. (Credit: cLabs)Silicon Valley blockchain startup cLabs just raised $10 million for the Celo project through a token sale to investors on the CoinList platform. Roughly 109 investors from dozens of countries participated in the auction,…

Brazilian Bank Aims to Raise $15 Million Through Security Token Offering
news A Brazilian investment bank is planning to raise millions of dollars through the offering of a security token. In an announcement Thursday, Banco BTG Pactual said it will back its blockchain-based token with distressed Brazilian real estate assets, with the expectation of raising up to $15 million. It will also establish a secondary market following the sale…

Bitfury Invests in Shyft Network to Build Decentralized Identity Products
Dec 11, 2019 at 14:00 UTCUpdated Dec 11, 2019 at 14:18 UTCBitfury Invests in Shyft Network to Build Decentralized Identity ProductsThe Bitfury Group has made what it calls a “strategic acquisition” in decentralized credential provider Shyft Network as it prepares to build out government-facing identity products. Bitfury would not supply the total investment in the…

Bitcoin Startup Satflow Targets ‘Mempool Sniping’ in New Token-Trading Rival to Magic Eden
Bitcoin infrastructure project Satflow has introduced a DEX for professional traders focused on the Ordinals and Runes ecosystems. The aim is to eliminate the practise of mempool sniping, the effects of which may be more acute on Bitcoin than other networks. Satflow, a Bitcoin infrastructure firm focused on the Ordinals and Runes ecosystems, has introduced

Online Lender SoFi Gets NY BitLicense, Clearing Way to Offer Crypto Trading
Dec 3, 2019 at 16:29 UTCUpdated Dec 3, 2019 at 17:25 UTCNYDFS Superintendent Linda LacewellOnline Lender SoFi Gets NY BitLicense, Clearing Way to Offer Crypto TradingStudent loan and financial services provider SoFi has secured a New York virtual currency license, the state’s financial regulator announced Tuesday.The New York Department of Financial Services said in a…