Silicon Valley Bank’s UK branch shut down by Bank of England

The Bank of England (BoE) has halted the operations of Silicon Valley Bank’s U.K. branch (SVB UK), stating that it has a “limited presence” and no “critical functions” supporting the financial system in the United Kingdom (UK). BoE issued a statement on Mar. 10, declaring that SVB UK will “stop making payments or accepting deposits,” [...]

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Crypto Firms Unite to Form Market Integrity Coalition

Coalition focuses on cultivating a fair crypto marketplace by combating market abuse and manipulation.

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17 Crypto Firms Form a Market Integrity Coalition Aimed at Bolstering a Sensibly-Regulated Industry – Bitcoin News

On February 7, 2022, a group of 17 digital asset companies revealed they formed an organization called the Crypto Market Integrity Coalition (CMIC). The well-known firms include crypto companies like Coinbase, Circle Internet Financial, Huobi Tech, Bitmex, Cryptocompare, and Solidus Labs. The newly formed group says the coalition is “committed to a safe and sensibly-regulated […]

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DEIP partners with BlockVenture to boost adoption of its web3 creator economy protocol

DEIP, a creator economy protocol that enables the discovery, evaluation, licensing, and exchange of intangible assets, and BlockVenture Coalition, an alliance of university blockchain groups and venture funds, announced today a new partnership to educate American students about the pathways into web3 development and expand DEIP’s reach through the American continents. BlockVenture Coalition will help […]

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Mid-Size Banks Ask for Deposit Insurance Extension

The Mid-Size Bank Coalition of America (MBCA) has requested that the US Federal Deposit Insurance Corporation (FDIC) extend insurance on all deposits for the next two years, which would immediately halt the outflow of deposits from smaller banks and stabilize the banking industry, according to a Bloomberg report. The MBCA proposed that the banks themselves fund the insurance program by raising the deposit-insurance assessment on lenders who opt to participate in the increased coverage, and the failure to provide this could result in up to 300 banks going under. (Read More)

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Midsize US Banks Ask Regulators to Extend FDIC Insurance to All Deposits for 2 Years Before Another Bank Fails

The Mid-Size Bank Coalition of America has asked federal regulators to extend FDIC insurance to cover all deposits for the next two years. “Doing so will immediately halt the exodus of deposits from smaller banks, stabilize the banking sector and greatly reduce chances of more bank failures,” the group claimed. “It is imperative we restore [...]

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