Bank’s Deposit-Only Relationship with FTX is Less Than 0.10 Percent of Overall Deposits NEW YORK–(BUSINESS WIRE)–Signature Bank (NASDAQ:SBNY), a New York-based, full-service commercial bank, announced today a digital asset banking update, citing that its deposit relationship with FTX and their related companies is less than 0.1 percent of the Bank’s
LA JOLLA, Calif.–(BUSINESS WIRE)–Silvergate Capital Corporation (the “Company” or “Silvergate”) (NYSE: SI), the leading provider of innovative financial infrastructure solutions to the digital asset industry, today issued the following statements regarding recent digital asset market volatility. “As a prudentially regulated bank, we manage our balance sheet to provide liquidity for
Taxpayers will need to disclose any and all transfers of digital assets. The year 2022 is the first year when the phrase “digital asset” may be used on tax returns. The Internal Revenue Service (IRS) is extending its mandate for citizens to disclose cryptocurrency transactions. A new draught of Form
Consideration is given to local conditions when the regulations are drafted. The Monetary Authority is learning about stablecoin regulation. In response to the ever-increasing uncertainty in the cryptocurrency market, the widespread use of Central Bank Digital Currency (CBDC) has been on the rise. To counter this, Hong Kong has joined
Paxos to provide leading custody services for EDXM, a new digital asset exchange backed by industry leading broker-dealers, global market makers and venture capital firms Partnership further strengthens EDXM’s foundational commitment to security and compliance NEW YORK–(BUSINESS WIRE)–EDX Markets (EDXM), a first-of-its-kind digital asset exchange backed by leading financial institutions,
LONDON–(BUSINESS WIRE)–#alternativeassets—Oasis Pro Markets, the first US-regulated alternative trading system designed to trade digital securities for digital cash, today announced a partnership with Ownera, provider of a global inter-trading network based on the open-source FinP2P protocol, to distribute digital assets over the Ownera FinP2P network. The digital securities industry is
Voyager requested a court order to allow customers to withdraw cash. Voyager received the go-ahead from presiding judge Micheal Wiles. As per a report by WSJ, the U.S. Bankruptcy Court in New York has approved Voyager Digital’s repayment of $270 million to impacted consumers. Voyager received the go-ahead from presiding
Galoy also announced a $4 million capital raising to support the development. Stablesats’ source code may be seen on GitHub and on a dedicated website. The Lightning Network may eventually allow users to send and receive dollars with the press of a button. Wednesday, Galoy, the open-source financial platform that
With price tags in the millions of dollars and their viral followings, non-fungible tokens have risen into the mainstream consciousness over the past couple of years. However, the current market for NFTs, which use blockchain technology to create unique versions of digital art, sports memorabilia, photographs and so on, is
CryptoPunk 4464 sold for $2,615,224.91. Ethereum traded at $1,060.29 with a trading volume of $13,097,548,474. CryptoPunk 4464 NFT, was recently sold for 2,500 ETH via OpenSea, the first and largest web3 marketplace for NFTs and crypto gems in the world. CryptoPunks is a generative art collection and the first NFT-based digital
