As FTX’s bankruptcy case continued, administrators continued to uncover critical issues that could have contributed to the crash. Remember that founder and CEO Sam Bankman-Fried mismanaging customer funds leading to the exchange crash last year. The latest finding by the…
The United States-based crypto advocacy group Blockchain Association asked financial regulators to provide information related to the potential “de-banking of crypto companies” due to the failure of Signature, Silicon Valley Bank and Silvergate bank. In a March 16 notice, the…
While the US is witnessing one of the biggest banking collapses in its history, Bitcoin is innovating and seeing the network grow. This is an editorial opinion by Carlos Cardenas, an institutional account manager who has worked in legacy banks…
As cryptocurrency gains mainstream adoption across all sectors, some traditional financial institutions are beginning to accept it. A new report announced that a new Zurich-based fintech, Grow Bank, plans to integrate crypto and fiat currencies into its services. The Swiss…
A bank health check is a comprehensive assessment of a bank’s financial condition, performance and risk management practices. This is done by banking regulators or independent auditors to evaluate the bank’s ability to withstand economic conditions and potential risks, including…
New York-based Lightning Accelerator has announced its first company and project. At Wolf’s Clothing, the first startup accelerator dedicated to the Lightning, announced the selection of eight teams for its inaugural cohort, Wolfpack 1. According to a press release sent…
United States Congressman Tom Emmer, the majority whip of the House of Representatives, has once again reiterated his concerns, saying that the federal government is using the recent banking crisis as an excuse for an unfair crackdown on crypto. Emmer…
Scammers continue to prey on nonfungible token (NFT) users who want to claim Blur token airdrops through the use of many scam websites. According to data from TrustCheck, more than $300,000 has been stolen from unsuspecting users who have linked…
While the case of the US Securities and Exchange Commission (SEC) against Ripple Labs continues to await the decision of the responsible judge in the Southern District Court of New York, the fintech company may have received a winning argument…
The United States’ Federal Deposit Insurance Corporation (FDIC) has reportedly asked potential rescuers of several failed US banks to stop supporting crypto services. The FDIC regulator asked banks interested in acquiring failed US lenders like Silicon Valley Bank and Signature…