A new crypto banking system arises under the shadow of a regulatory crackdown

Fed OIG highlights shortcomings in Fed's oversight of Silvergate Bank

The Silvergate Bank headquarters in La Jolla, California. The Federal Reserve issued an executive summary of a report on the central bank's supervisory...

#silvergatebank #bloomberg #security

2023-10-02 20:52:11 • 1 min

Silicon Valley Bank seeks to recapture lost ground in venture debt

David Paul Morris/Bloomberg A remnant of the failed Silicon Valley Bank is trying to reclaim some of its old turf in venture-debt lending from rivals that...

#venturedebt #valleybank #president

2023-10-02 22:13:57 • 1 min

Banking on the Future of Fintechs and Related Consultancies

Fueling the optimism in the field is what made these bank-like companies so successful in the first place: Innovations that are coming online. |

#innovation #comingonline

Cryptos spike after U.S. debt deal, but momentum fades

2023-10-02 12:45:00 • 1 min

Economy

( Kitco News ) - The broader cryptocurrency market climbed higher in the early hours on Monday after the U.S. government announced a 45-day funding deal that...

#debtdeal #stock #budget

Kitco NEWS

2023-10-02 20:53:03 • 1 min

Crypto Goes on Trial, as Sam Bankman-Fried Faces His Reckoning

The FTX founders uphill court battle starts Tuesday, after he has come to symbolize everything that went wrong with the cryptocurrency industry. A year ago,...

#congress #pandemic #market

2023-10-02 09:00:45 • 1 min

Unlocking the Future: How Hedge Funds Are Shaping the Crypto Market

By Nathanal Cohen, Co-Founder/CIO of INDIGO Fund The cryptocurrency market is currently navigating a bearish phase, andremains a volatile arena. This...

#equity #research #health

2023-10-02 14:32:56 • 2 mins

FTX customers who lost a fortune on the bankrupt exchange are doubling down on crypto

Key Points Billions in FTX customer and investor money is tied up in an ongoing bankruptcy process. Some who have lost millions of dollars tell CNBC they...

#ftxcustomers #insider #cash

CNBC

2023-10-02 09:00:01 • 1 min

Fed's top regulator calls for discount window readiness by banks

Federal Reserve Vice Chair for Supervision Michael Barr warned that the Fed's emergency lending facility can only serve as the central bank's lender of last...

#emergency #bloomberg #economy

2023-10-02 20:47:36 • 1 min

Coinbase Approved to Offer Bitcoin to Institutions in Singapore

Coinbase, one of the world's largest Bitcoin and crypto exchanges, has received approval from the Monetary Authority of Singapore (MAS) to offer Bitcoin...

#ipo #stock #security

2023-10-02 10:38:05 • 1 min

Bitcoin Up 7,000% Since Assange Called It 'The Most Interesting Thing on the Internet'

Nine years ago today, Wikileaks founder Julian Assange made his most substantial public remarks on the nature of Bitcoin, a then five-year-old project that...

#technology #cryptocurrency #opinion

Sam Bankman-Fried Must Now Convince a Jury That the Former Crypto King Was Not a Crook

2023-10-02 12:41:31 • 1 min

Politics

NEW YORK (AP) For a while, Sam Bankman-Fried tried to convince politicians and the public that he was the next J.P. Morgan. Now, he has to convince a jury...

#politician #morgan #money

U.S. News & World Report

2023-10-02 11:14:18 • 2 mins

Bank of America's CEO Says There Won't Be a Recession. Time To Buy the Stock?

Arguably, no stock trading sector is more sensitive to the economic cycle than the banking sector. Banks, after all, are at the center of business activity...

#ceo #business #mortgage

2023-10-02 15:46:21 • 2 mins

RBB Bancorp, Gateway Bank in Bay Area call off merger

RBB Bancorp's deal to buy Gateway Bank in Oakland, California, was supposed to give it a foot hold in the Greater San Francisco Bay Area. But the deal was...

#rbbbancorp #ceo #security

Whos Rooting Hardest for a Sam Bankman-Fried Conviction? The Crypto Industry.

2023-10-02 17:43:26 • 1 min

Technology

Travis Kling has spent a lot of time this year focusing on his mental, physical and spiritual health. That has been his coping mechanism since his...

#Cryptoindustry #health #innovation

U.S. finance leaders adopt defensive shift as low-cost capital era ends

2023-10-02 09:00:56 • 2 mins

Economy

U.S. finance leaders are signaling a defensive shift towards more prudent capital-allocation decisions as the era of low-cost capital comes to an end,...

#financeleaders #tech #talentshortages

Investing.com

2023-10-02 10:43:55 • 1 min

Sam Bankman-Fried trial set to begin, as ex-CEO of collapsed crypto giant FTX faces fraud charges

For a while, Sam Bankman-Fried tried to convince politicians and the public that he was the next J.P. Morgan. Now, he has to convince a jury that he wasn't,...

#politician #morgan #money

CBC

2023-10-02 16:05:29 • 2 mins

Bowman doubles down on call for outside review of SVB failure

Federal Reserve Gov. Michelle Bowman said Monday that the central bank should empower a third party to conduct its own review of the failure of Silicon...

#gov #bloomberg #svb

2023-10-02 16:31:37 • 2 mins

FTXs Sam Bankman-Fried Will Go on Trial on Tuesday

Sam Bankman-Fried, the founder of the failed crypto exchange FTX, gets his day in court on Tuesday. The trial will shine a harsh glare on the wider sector....

#sam #election #entertainment

2023-10-02 12:06:39 • 1 min

CFTC fines Goldman over swaps reporting, futures controls

Goldman Sachs headquarters in New York, US, on Thursday, July 6, 2023. Goldman Sachs Group Inc. is scheduled to release earnings figures on July 18. Michael...

#bloomberg #commodity #oil

Takeaways From a New Book on Sam Bankman-Fried

2023-10-02 14:14:09 • 1 min

Technology

Going Infinite, by Michael Lewis, offers a behind-the-scenes account of Mr. Bankman-Frieds rise and fall. On the same day that Sam Bankman-Frieds trial on...

#takeaway #split #biden