Mon, December 23

Tether’s Path to U.S. Banking System Through Signature Bank

Tether Holdings Ltd. has never had direct access to the U.S. financial system. The firm was able to find a way in for some time by collaborating with Signature Bank. It has been claimed that the firm directed its cryptocurrency customers to use the Signet transaction platform to wire dollars

April 6, 2023 2 mins read

FDIC Urges Crypto Clients to Transfer Signature’s Funds

On Tuesday, United States Federal Deposit Insurance Corporation (U.S. FDIC) reported that the account holders of Signature Bank have to close and transfer their funds within the 5th of April 2023. FDIC declares, all the deposit accounts will get transferred to Flagstar Bank.  Are Signature Bank’s Crypto Clients Safe?  All

March 29, 2023 2 mins read

Silicon Valley Bank Collapse is Flashback of Lehman Brothers?

Silicon Valley Bank (SVB), which had connections to big-shot international technology firms and venture capital, failed on 10th March due to one of the oldest issues in banking. Also, the startling collapse of Silicon Valley Bank and Signature Bank, which were affected by SVB, continued the wave in the U.S.

March 14, 2023 1 min read