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Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits

Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits

Circle Financial, the issuer of the stablecoin USDC, is partnering with Cross River Bank after its former settlement partner, Signature Bank, was c...
Mar, 13, 2023
2 min read
by Bitcoin News
Bank of England Shuts Down Silicon Valley Bank’s UK Branch After US Regulators Close Parent Company

Bank of England Shuts Down Silicon Valley Bank’s UK Branch After US Regulators Close Parent Company

After U.S. regulators shut down Silicon Valley Bank (SVB) on Friday, the Bank of England has closed the company’s U.K.-based arm. The central bank ...
Mar, 11, 2023
2 min read
by Bitcoin News
Report: Hong Kong Residents Lost More Than $216 Million to Crypto Scams in 2022

Report: Hong Kong Residents Lost More Than $216 Million to Crypto Scams in 2022

According to Hong Kong police, in 2022 there were 2,336 reported crypto scam-related cases in which more than $216.6 million was lost. Although los...
Mar, 09, 2023
2 min read
by Bitcoin News
Coinbase Severs Ties With Silvergate Bank Amidst JPMorgan Downgrade and Delayed SEC Filing

Coinbase Severs Ties With Silvergate Bank Amidst JPMorgan Downgrade and Delayed SEC Filing

On March 2, 2023, the cryptocurrency exchange Coinbase announced that, in light of recent developments, the company is “no longer accepting or init...
Mar, 02, 2023
2 min read
by Bitcoin News