Signature Bank

According to reports, market news: US SEC Chairman Gensler seeks to link the bankruptcy of Silicon Valley Bank and Signature Bank with cryptocurrency.
US SEC Chairman Gensler seeks

According to reports, the Wall Street Journal quoted insiders as saying that after the collapse of the Signature bank last month, Binance. US, a subsidiary of Minamily, is looking

According to reports, BlackRock, the world\’s largest asset management company, is collaborating with the US government to sell $114 billion worth of securities linked to the collap

According to reports, stable currency issuer Tether used Signature Bank to transfer US dollar funds from the United States to the Bahamas. Until the closure of Signature Bank in Ma

On April 4th, according to an analysis by the Wall Street Journal, executives of Cryptofriendly Bank Signature Bank have sold over $100 million in company stocks over the past thre

According to reports, Nellie Liang, the Under Secretary for Domestic Financial Affairs of the US Treasury Department, said that the encryption industry should not be responsible fo

According to reports, Nellie Liang, the Under Secretary for Domestic Financial Affairs of the US Treasury Department, said that the encryption industry should not be responsible fo

On March 30, a spokesperson for Binance. US said that Binance. US expects to resume the automatic clearing center (ACH) deposit and withdrawal service of Signature Bank within 24 h

On March 30, a spokesperson for Binance. US said that Binance. US expects to resume the automatic clearing center (ACH) deposit and withdrawal service of Signature Bank within 24 h

According to reports, the Federal Deposit Insurance Corporation (FDIC) of the United States has requested cryptocurrency customers of Signature Bank to withdraw funds before next w

On March 20th, it was reported that New York Community Bank was seeking to purchase Signature Bank. (Jin Shi) Interpretation of this information: The report on March 20th that New York Community Bank was considering the purchase of Signature Bank offers an interesting development in the world of banking. Both banks are based in New York City, and the acquisition would create a larger and more significant player in the financial industry. The proposed merger would consolidate the two banks’ branch networks primarily in the New York metropolitan area, which…

On March 20th, the Federal Deposit Insurance Corporation (FDIC) of the United States announced today that the deposits and loans of Signature Bank will be sold to Flagstar Bank, a subsidiary of New York Community Bancorp. However, this acquisition transaction does not include Signature Bank’s digital asset business with a total deposit of approximately $4 billion. Interpretation of this information: The Federal Deposit Insurance Corporation (FDIC) has recently announced the sale of deposits and loans of Signature Bank to Flagstar Bank- a subsidiary of New York Community Bancorp, effective March…

According to reports, US regulators are considering holding securities under the names of Signature Bank and Silicon Valley Bank that have fallen below their purchase price, a move that will remove one of the possible obstacles to selling these two banks. According to people familiar with the matter, this is a routine practice after the Federal Deposit Insurance Corporation (FDIC) took over the bank, mainly facilitating the conclusion of acquisition transactions. Because if it involves assets with declining value, it will be more difficult to sell the relevant banks. People…

According to reports, market news: The Federal Deposit Insurance Corporation (FDIC) is focusing on Friday’s bid for Signature Bank and Silicon Valley Bank (SVB). Interpretation of this information: The Federal Deposit Insurance Corporation (FDIC) is a governmental agency that provides insurance to depositors in the event of bank failure. It is responsible for ensuring the safety and soundness of the nation’s banking system. Recent reports have highlighted that the FDIC has turned its attention towards a bid for Signature Bank and Silicon Valley Bank (SVB). This move is significant as…

According to reports, a spokesman for the New York Financial Services Department (NYDFS) said that the decision to take over Signature Bank on Sunday had nothing to do with the bank’s cryptocurrency business. Previously, Barney Frank, a former US congressman, criticized the decision of the regulators, claiming that they “wanted to transmit harmful information about cryptocurrency”. A spokesman for NYDFS said in a statement that the decision to take over the bank and hand it over to FDIC was based on the current situation of the bank and its ability…

According to reports, according to people familiar with the matter, U.S. prosecutors had been investigating the bank’s cooperation with cryptocurrency customers before regulators suddenly took over Signature Bank over the weekend. People familiar with the matter said that investigators from the Department of Justice in Washington and Manhattan are investigating whether the New York bank has taken sufficient measures to detect potential money laundering by customers, such as carefully examining the person who opened the account and monitoring transactions for signs of crime. Two people, who declined to be named,…

According to reports, according to sources, the Crypto Friendly Bank, Signature Bank, had lost about 20% of its deposits, or about $17.8 billion, before being taken over. (Bloomberg) Interpretation of this information: The news of Signature Bank losing 20% of its deposits equating to $17.8 billion is not only a concerning fact for the institution itself but also for the cryptocurrency industry, which relies heavily on it. Signature Bank is known to be pro-crypto and has been catering to the cryptocurrency industry with its services. Hence this loss could impact…

According to reports, Marathon Digital, a Bitcoin miner, said that the company could use the $142 million cash deposit of Signature Bank. The company said in a statement that it could manage these funds and pay invoices in the normal course of business. Marathon also confirmed that the company has no direct business relationship with Silicon Valley Bank. Last week, Marathon said that he had repaid the term loan of Silvergate Bank and ended the credit arrangement with the bank. According to the previous news, the US federal banking regulator…

On March 14, Argo Blockchain, a Bitcoin miner, said that one of its subsidiaries had cash deposits in Signature Bank, but these deposits were safe and usable. The company added that Argo and its subsidiaries had no exposure to Silicon Valley Bank or Silvergate. （Proactive Investors） Interpretation of this information: Argo Blockchain has recently announced that one of its subsidiaries had cash deposits in Signature Bank. It also clarified that the deposits were safe and usable. This statement comes amidst the recent trend of digital attacks targeting cryptocurrency miners and…

On March 14, Xu Mingxing said on Twitter: “Due to the problem of Signature Bank, OKCoin has just suspended the ACH and wire transfer functions. All customers’ funds are safe, cash withdrawal is open at any time, and customers can withdraw at any time. OKX and OKCoin are independent exchanges, and the operation of OKX is not affected.” Interpretation of this information: In a tweet posted on March 14, 2021, Xu Mingxing, the founder of OKCoin, announced that the exchange has suspended its ACH and wire transfer functions due to…