Breaking: Signature Bank closed by New York banking authorities

The New-York-based bank, which is also known to serve a number of crypto firms, was shut down by state regulators, according to a Federal Reserve announcement.

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Billionaire Warns of Imminent Bank Runs if Government Fails to Guarantee All SVB Deposits

Billionaire Bill Ackman has warned of “vast and profound” consequences of the U.S. government letting Silicon Valley Bank (SVB) fail without protecting all depositors. “No company will take even a tiny chance of losing a dollar of deposits as there is no reward for this risk. Absent a systemwide FDIC deposit guarantee, more bank runs [...]

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Crypto Flipsider News – China Crypto Ban: ETH Mine to Shut Down, Bitman to Halt Services, Alibaba Bans Miners, Polygon Overtakes Ethereum, Musk Says We Don’t Need Crypto Regulation

Read Wednesday's breaking news in the daily digest!

Continue reading Crypto Flipsider News – China Crypto Ban: ETH Mine to Shut Down, Bitman to Halt Services, Alibaba Bans Miners, Polygon Overtakes Ethereum, Musk Says We Don’t Need Crypto Regulation at DailyCoin.com.

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Coinbase to cease issuing new Bitcoin-backed loans via Borrow service

The service allowed users to borrow up to $1 million with no credit check, provided they posted Bitcoin as collateral.

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