Signature Bank

FDIC Chairman Martin Gruenberg (Alex Wong/Getty Images)
Signature Bank Failed Because of Mismanagement, Contagion, FDIC Report Says
The Federal Deposit Insurance Corp. said Signature’s exposure to crypto industry deposits was also a contributing factor.
FDIC Chairman Martin Gruenberg (Alex Wong/Getty Images)

Bitcoin has reached $29,000 again after a five-day losing streak.
First Mover Americas: Bitcoin Regains $29K
The latest price moves in crypto markets in context for April 26, 2023.
Bitcoin has reached $29,000 again after a five-day losing streak.

Jeremy Allaire, CEO of Circle (CoinDesk)
USDC Boasted Transparency but It Didn't Help When Silicon Valley Bank Got Into Trouble
The stablecoin offers greater transparency than competitors like USDT but that proved of little value as it was depegged during the recent banking crisis, says J.P. Koning.
Jeremy Allaire, CEO of Circle (CoinDesk)

Superintendent Adrienne Harris (NYDFS)
NYDFS Chief Dismisses 'Choke Point 2.0' Theory of Signature’s Closure as 'Ludicrous'
Adrienne Harris, the superintendent of the New York Department of Financial Services, said the decision to close the bank was instead due to a “new-fashioned bank run.”
Superintendent Adrienne Harris (NYDFS)

Tether's logo (Nikhilesh De/CoinDesk)
Tether Was a Client of Signature Bank's Signet: Bloomberg
Tether CTO Paolo Ardoino, in response to the Bloomberg article, denied the company has exposure to Signature Bank.
Tether's logo (Nikhilesh De/CoinDesk)

(Nikhilesh De/CoinDesk)
That Binance Suit Sure Seems Bigger Than Just a CFTC Case
The implications of the CFTC’s lawsuit against Binance extend well beyond any civil action.
(Nikhilesh De/CoinDesk)

Nellie Liang (Win McNamee/Getty Images)
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.
Nellie Liang (Win McNamee/Getty Images)

(EschCollection/GettyImages)
The Short-Sightedness of Run-Amok Regulators
Ric Edelman, founder of the Digital Assets Council of Financial Professionals, talks about a key reason why crypto’s future looks bleaker: an apparent effort to cut it off from U.S. banks.
(EschCollection/GettyImages)

FDIC Tries to Push Crypto Depositors Stranded by Signature Failure to Cash Out
FDIC Tries to Push Crypto Depositors Stranded by Signature Failure to Cash Out
The Federal Deposit Insurance Corp. (FDIC) is trying to hurry the stranded crypto customers out the door of the temporary entity that holds the assets of the former Signature Bank, asking them to cash out by next week. CoinDesk's managing editor for global policy and regulation Nikhilesh De weighs in.
FDIC Tries to Push Crypto Depositors Stranded by Signature Failure to Cash Out

(Nikhilesh De/CoinDesk)
FDIC Gives Deadline of Next Week for Crypto Depositors Stranded by Signature Failure
The U.S. banking regulator is aiming to get the deposits cleared by April 5.
(Nikhilesh De/CoinDesk)