This US Lawmaker Says Signature Bank Collapse Was Due to Instability in Crypto

Senator Michael Bennet from Colorado said that Signature Bank didn’t make “prudentially sound” decisions while dealing with crypto. Other US lawmakers believe crypto is being made a scapegoat in the failed banking policies of the Fed. Michael Bennet, the United States Senator from Colorado, recently opened up about the shutting down of crypto-friendly Signature Bank, … Read more

Coinbase Launches Local Bank Transfers for Singapore Users at Zero Cost

Coinbase has integrated Singpass, making it more convenient for customers to sign up on the exchange. Coinbase, one of the largest cryptocurrency exchanges in the world, has opened funds movement to and from accounts through local banks, consequently streamlining the process of investing in virtual assets. The news comes at a rather bearish time when … Read more

Robinhood Users Unable to Realize Bets Profits against SVB and Signature Bank

Robinhood users have taken to Twitter to express their displeasure as they are unable to revel in the SVB and Signature Bank failure. Users of the Menlo-Park-headquartered financial services company Robinhood Markets Inc (NASDAQ: HOOD) app have been unable to cash in on the recent crumble of Signature Bank and Silicon Valley Bank (SVB) despite … Read more

Moody’s Downgrades Signature Bank to Junk while Putting More Banks Under Review 

Moody’s also put the ratings of six other banks in the US under review. Ratings agency Moody’s has downgraded the debt ratings of recently collapsed Signature Bank (NASDAQ: SBNY) to junk amid the happenings in the US banking sector. Signature Bank began to lose its shares following the demise of Silicon Valley Bank last week. … Read more

BlockFi Bankruptcy Attorney Describes Digital Assets Lender as Safe amid Silicon Valley Bank Crisis

Christine Okike said BlockFi remains safe and looked to access significant cash held with Silicon Valley Bank yesterday.  Despite the Silicon Bank exposure, a BlockFi bankruptcy lawyer maintains that the digital asset lender is safe and in no immediate danger. The lawyer, Christine Okike, stated that the embattled New Jersey-based company also has sufficient funds to continue … Read more