Prosecutors were looking at the crypto-friendly bank before regulators seized it, people familiar told Bloomberg. Source
U.S. DOJ Was Investigating Signature Bank's Work With Crypto Clients: Bloomberg
Tag: Bloomberg
Crypto Platform Anchorage Digital Laying Off 20% of Its Staff: Bloomberg
“The need for better crypto infrastructure is growing ever clearer,” Anchorage said in a statement to Bloomberg. “For us, that means focusing resolutely on our status as an unequivocal qualified custodian, among other safe and regulated ways for institutions to participate in the digital asset ecosystem.” Source
Asset Management Giants Blackstone, Apollo Eyeing SVB Assets: Bloomberg
SVB collapsed last week following a $42 billion bank run after it announced plans to sell $2.24 billion in new shares. Source
Blockchain.com to Suspend Operations of Asset Management Arm: Bloomberg
Blockchain.com Asset Management, or BCAM, was started in April 2022 in an effort to attract institutional investors. Shortly after, the crypto industry hit a rough patch, with asset prices falling rapidly following the bankruptcy of crypto lender Celsius Network, and continuing with the fall of multiple other prominent crypto firms. Source link
Silvergate Talking With FDIC About How to Save Crypto-Focused Bank: Bloomberg
Federal Deposit Insurance Corp (FDIC) officials have been consulting with executives of troubled crypto-focused bank Silvergate Capital (SI) on how to keep the company in business, according to a report from Bloomberg, citing sources familiar with the matter. Source
Singapore Police Start Investigation Into Do Kwon's Terraform Labs: Bloomberg
Singapore’s police has confirmed Do Kwon is not in the city state. Source
Bloomberg analyst says it is time to short crypto
According to Mike McGlone, a senior commodities strategist at Bloomberg Intelligence, it may be premature to declare the bear market for cryptocurrencies over. In a recent report, McGlone argues that digital currencies, including bitcoin (BTC), will continue to face significant challenges due to the Federal Reserve’s ongoing policy of increasing interest rates. He believes this policy will act as a “headwind” for most risky assets, including cryptocurrencies, and that investors may need to take out insurance to protect their portfolios. Not an optimistic take on crypto The analyst suggests that…
Kraken Pulling Back From Using Signature Bank: Bloomberg
Non-corporate clients will no longer be able to make dollar deposits or withdrawals using the crypto-focused bank, according to a report. Source
Goldman Sachs Says It’s Open to Adding Staff to Digital Assets Team: Bloomberg
Last week, Hong Kong used Goldman’s private tokenization platform, GS DAP, to sell an initial group of digital green bonds. The city-state sold $102 million of the bonds and cut settlement time from five days after the trade to just one, according to Bloomberg. Source
Binance Shifts to ‘Semi-Automated’ Process to Manage Reserves of Tokens It Issues: Bloomberg
Reserves for these tokens had previously been mixed with customer funds. Source