Cryptocurrency firm Circle's boss on Sunday said the firm would no longer be able to process minting and redemption through Signature Bank after it was shut by New York state and would handle settlements through BNY Mellon.Circle, the company behind stablecoin USD Coin (USDC), plans to line up a new trans
Cryptocurrency firm Circle's boss on Sunday said the firm would no longer be able to process minting and redemption through Signature Bank after it was shut by New York state and would handle settlements through BNY Mellon.
State regulators closed New York-based Signature Bank on Sunday, just two days after California authorities shuttered Silicon Valley Bank , in a collapse that roiled global markets and stranded billions of dollars of deposits. In light of Silicon Valley Bank's collapse, Allaire said all deposits from SVB were secure and would be available when banks opened on Monday morning in the United States.
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Regulators close New York's Signature bank, days after Silicon Valley Bank's demiseNEW YORK — State regulators closed New York-based Signature Bank on Sunday (March 12), just two days after California authorities shuttered Silicon Valley Bank, in a collapse that roiled global markets and left billions of dollars of deposits belonging to companies and investors stranded.
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New York regulators close Signature Bank, announce plan to make depositors wholeNew York state's Department of Financial Services said on Sunday (Mar 12) it has taken possession of New York-based Signature Bank and appointed the US Federal Deposit Insurance as receiver, the second bank failure in a matter of days. Signature Bank had deposits totalling about US$88.59 billion as of Dec
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New York regulators close Signature Bank, say depositors will be made wholeState regulators closed New York-based Signature Bank on Sunday (Mar 12), days after California authorities shuttered Silicon Valley Bank, in a collapse that roiled global marke
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Coinbase says it has about US$240 million cash balance with Signature BankCoinbase Global has about US$240 million in corporate cash balance with Signature Bank, the US crypto exchange said in a tweet on Sunday (Mar 12), hours after the state regulators closed the New York-based lender. 'Due to FDIC's hold on Signature's transactions, we're currently facilitating all client cash
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Biden to defend US banking system after Silicon Valley Bank, Signature collapseWASHINGTON: President Joe Biden will on Monday (Mar 13) address a banking crisis that led US regulators to step in with a series of emergency measures after the collapses of Silicon
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UK finance minister, Bank of England work to contain Silicon Valley Bank falloutTalks are scheduled to discuss the issues faced by British tech companies affected by the SVB collapse. Read more at straitstimes.com.
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