Banks
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Poor Management: A Major Cause of Bankruptcy
According to reports, the Federal Deposit Insurance Corporation of the United States stated that the fundamental reason for the bankruptcy of the signing bank is poor management. T
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Hong Kong Monetary Authority encourages banks to work with licensed cryptocurrency companies
According to reports, the Hong Kong Monetary Authority has expressed its hope that banks will cooperate with appropriately licensed cryptocurrency companies to help them open bank
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Cryptocurrency Companies and Banks: A New Era of Cooperation
According to reports, the Hong Kong Monetary Authority has expressed its hope that banks will cooperate with appropriately licensed cryptocurrency companies to help them open bank
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Banks and Cryptocurrencies: The Current Situation in the United States
According to reports, the Federal Deposit Insurance Corporation (FDIC) of the United States states that 136 insured banks are currently engaged or planning to e
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Major UK Banks Impose Restrictions on Cryptocurrency – Is this a Threat?
On April 4th, major banks in the UK were criticized for imposing restrictions on customers investing in cryptocurrencies. Nigel Green, CEO of financial consulti
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The Nexus Trojan: A New Threat to Cryptocurrency Services and Banks Worldwide
On March 24th, Italian cybersecurity company Cleary discovered an Android Trojan named \”Nexus\” that can hijack online accounts and steal funds from them, target
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The Problem with Banks: Why Failure is Inevitable
According to reports, Zhao Changpeng, CEO of Coin An, tweeted that every ten years or so, a group of banks will fail. \”We bailed them out, and then they fell in
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Discussion between JPMorgan Chase and Other Bank CEOs on Stabilizing Troubled First Republic Bank
According to reports, JPMorgan Chase CEO Damon is leading discussions with CEOs of other large banks to take new measures to stabilize the troubled First Republ
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186 U.S. Banks at Risk of Collapse Due to Interest Rate Hike
According to reports, a recent study by economists identified 186 banks at risk. These banks face similar problems to those that led to the collapse of banks in
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Collapse of Cryptocurrency Banks May Benefit Cryptoecosystem
According to reports, market observers have stated that in the long run, the continued collapse of banks focused on cryptocurrencies may be beneficial to the cr
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Using Merkle Trees to Prove Reserves in Banks: A Bold Idea
It is reported that Zhao Changpeng, the founder of Coin Security, tweeted that since banks are audited, a bold idea is that perhaps banks should use merkle tree
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US President Joe Biden Commends Finance Ministry Resolution for Banks in Silicon Valley
On March 13, US President Joe Biden said that he was pleased that the Ministry of Finance had quickly solved the problem of banks in Silicon Valley, and would c
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Speculation and the Future of Cryptocurrency-friendly Banks
It is reported that CZ, the chief executive of Coin Security, said on social media that pure speculation almost feels like a concerted effort to close cryptocur
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Senator Menendez Refuses to Aid Silicon Valley Banks
According to reports, US Senator Menendez said that he was not prepared to provide assistance to Silicon Valley banks from any perspective.
US Senator: No matte -
The Risk of Banks for Stable Currency
On March 12, CZ, the founder of Binance, said on the social platform that the bank is a risk for the stable currency supported by the legal currency. In respons
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FDIC Seals up Banks in Silicon Valley, Spurring Concerns over Digital Asset Custody
According to reports, Gabor Gurbacs, director of digital asset strategy of VanEck, an investment management company in New York, said on social media that FDIC
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US Congress seeks to address the failure of banks in Silicon Valley
It is reported that the members of the United States Congress met with the Federal Reserve and the Federal Deposit Insurance Corporation to discuss the failure
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Circle Announces US $40 Billion USDC Reserves, With $3.3 Billion Kept in Silicon Valley Banks
According to reports, Circle said on Twitter that about US $40 billion of USDC reserves had US $3.3 billion kept in Silicon Valley banks.
Circle: $3.3 billion i -
Cryptocurrency industry faces challenges with banks
It is reported that after the collapse of the Silicon Valley Bank, the stable currency issuers such as Circle, Paxos and Tether all said that they would establi
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US Treasury closely monitoring banks following Silicon Valley Bank incident
According to reports, US Treasury Secretary Yellen said that the Ministry of Finance was monitoring several banks due to the bank incident in Silicon Valley.
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