Tag: Signature
Signature Bank Shutdown Caused by ‘Crisis of Confidence’ in Leadership, NYDFS Says
"The decisions made over the weekend were not crypto related," the spokesperson said. "Signature was a traditional commercial bank with a wide range o [...]
Signature Bank regulator says it was closed for not providing data: Report
The New York Department of Financial Services (NYDFS) shut down Signature Bank for “failing to provide consistent and reliable data” and not because o [...]
Signature Bank and former executives sued by shareholders for alleged fraud
On March 14, a class action lawsuit was filed against the recently shut down crypto-friendly, New York-based Signature Bank, and its former chief exec [...]
Biden pledges ‘no cost to the taxpayer’ to shield SVB, Signature depositors
The overnight collapse of two major traditional banks — Silicon Valley Bank (SVB) and Signature Bank — triggered a series of events that impacted mill [...]
Signature Bank’s Signet Platform Still Works, But Some Clients Have Moved On
“With all of the deposits and substantially all of the assets of former Signature Bank, the bank will continue to take care of its clients, providing [...]
Deposits held at Signature Bank are secure and available
Crypto mining firm Marathon Digital Holdings has assured investors that the firm's cash deposits at Signature Bank are secure and available for use as [...]
TrueUSD Says ‘Small Number’ of Users Impacted by Signature Bank Closure
Stablecoin issuer says USD funds held at Signature bank now fully backstopped by Fed
www.coindesk.com [...]
Silicon Valley Bank and Signature Bank Reignite ‘Moral Hazard’ Dilemma Bitcoin Was Designed to End
A debate from the 2008 financial crisis resurfaces as the FDIC intervenes to help two troubled institutions with crypto connections, says CoinDesk's D [...]
BlockTower Capital Funds Had Exposure to Silvergate, Signature Bank
According to the Form ADV Filing dated May 11, 2022, the BlockTower Blue Signum SPV fund, which had about $4.6 million in gross asset value at the tim [...]
US regulators shut down Signature Bank despite ‘no insolvency’: Report
Barney Frank, a former member of the United States House of Representatives, has reportedly suggested New York regulators closed the crypto-friendly S [...]
Gemini says no funds at Signature Bank backing GUSD
Crypto exchange Gemini had no funds at Signature Bank, and its Gemini US Dollar (GUSD) stablecoin was not backed by any deposits at the failed bank, a [...]
President Biden Calls for Stronger Bank Regulations in Wake of SVB, Signature Bank Collapses
“We must get the full accounting of what happened and why those responsible can be held accountable,” Biden said. “In my administration, no one – no o [...]
Okcoin suspends USD deposits in wake of Signature Bank closure
According to a March 13 tweet by Okcoin CEO Hong Fang, the U.S. affiliate of cryptocurrency exchange OKX had no exposure to defunct U.S. tech bank Sil [...]
Bitcoin Miner Marathon Says It Still Has Access to $142M at Signature Bank
Marathon terminated a credit facility with Silvergate last week.
www.coindesk.com [...]
OKX-Affiliated OKCoin Pauses USD On-Ramp Due to Signature Bank’s Collapse
“Our team are working very hard on alternative channels and solutions in real-time,” OKCoin CEO Hong Fang tweeted. “We've been through much worse time [...]