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Deposits

Nellie Liang, the U.S. Treasury Department's undersecretary for domestic finance

Top U.S. Treasury Official Says Crypto Had No ‘Direct Role’ In Bank Failures

Treasury Under Secretary Nellie Liang told House lawmakers the crypto industry wasn’t a central factor in the wipeouts of Silicon Valley Bank and Signature Bank.

By Jesse Hamilton

Mar 29, 2023 at 7:19 p.m. UTC

Mar 29, 2023

regulationsTreasury DepartmentBankingSilicon Valley BankSignature BankDeposits

Is This a Crypto Banking Bailout?

It depends on who you ask, but this round of government interventions doesn’t yet resemble the large-scale, taxpayer-involved rescue in the wake of the 2008 financial meltdown.

By Jesse Hamilton

Mar 13, 2023 at 7:21 p.m. UTC

Mar 13, 2023

AnalysisBailoutsTreasury DepartmentFederal ReserveFDICBankingDeposits

U.S. Federal Reserve building in Washington, D.C.

US Banking Regulators Warn Banks About Crypto Liquidity Risks

The Federal Reserve and other agencies issued another statement about crypto market vulnerabilities as a threat to U.S. banking.

By Jesse Hamilton

Feb 23, 2023 at 4:14 p.m. UTC

Feb 23, 2023

regulationsFederal ReserveFDICOCCDeposits

Business data sheet with numbers, prices and positive percentage changes and a rising green graph with arrow.

BlockFi Raises Deposit Rates, Eliminates Free Withdrawals

The rate increases across BTC, ETH, USDT and other crypto deposits come after layoffs at the company and a $250 million emergency line of credit from FTX.

By Sam Kessler

Jun 24, 2022 at 5:43 p.m. UTC

Jun 24, 2022

BlockFiDeposits

BlockFi Rate Cut on Bitcoin Deposits Leaves Rivals Scratching Heads

The decision was made based on "changing market conditions."

By Muyao Shen

Jun 30, 2021 at 8:43 p.m. UTC

Jun 30, 2021

LendingBitcoinEtherGrayscaleArcaBlockFiGenesisDepositsGBTC

Signature Bank Adds $2.5B in Non-Interest Bearing Deposits in Q4

These deposits are seen as a proxy for growth among crypto-industry clients.

By Nate DiCamillo

Jan 21, 2021 at 2:45 p.m. UTC

Jan 21, 2021

BankingSignature BankDeposits

Scott A. Shay, Chairman of the Board, Signature Bank latest-1

Signature Bank Gains $1B Deposits in Q3, With Notable Growth From Stablecoin Issuers

Deposits at crypto-friendly Signature Bank grew by $4.11 billion, an 8% increase, in the third quarter of 2020.

By Nate DiCamillo

Oct 20, 2020 at 1:51 p.m. UTC

Oct 20, 2020

BankingSignature BankDeposits

Signature Bank’s Crypto Deposits Grew $1B in Q2

Out of the nearly $8 billion in deposit growth that Signature Bank saw in the second quarter of 2020, $1 billion was raked in by the firm’s digital assets team.

By Nate DiCamillo

Jul 23, 2020 at 8:35 p.m. UTC

Jul 23, 2020

Earnings CallSignature BankDeposits

Silvergate Adds 46 More Crypto Clients in Q1 While Existing Customers Increase Deposit Levels

Silvergate Bank added 46 crypto customers in the first quarter and saw fee income and deposits increase from those customers because of “Black Thursday,” according to its earnings report released before market open on Wednesday.

By Nate DiCamillo

Apr 29, 2020 at 1:23 p.m. UTC

Apr 29, 2020

BankingSilvergate BankDepositsSilvergate Exchange Network