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Banking Tumult Escalates As Regulators Shut Down Another Crypto-Friendly Bank Following SVB Collapse
During the closure announcement Sunday, regulators confirmed that customers of Signature Bank would be made whole regardless of the amount their accounts hold.
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US Banks Hold $620 Billion In Unrealized Losses, Sparking Contagion Concerns
The FDIC warned that these unrealized losses have significantly reduced the reported equity capital of the banking industry.
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Bitcoin Climbs To New High As Biden Administration Scrambles To Protect SVB Depositors
"Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve," Bitcoin creator Satoshi Nakamoto said in a blog post.
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Do Kwon Had 'The Right Idea' About Stablecoins But 'Failed Miserably On Execution,' Says CZ
Binance CEO Changpeng Zhao said that "banks are a risk to fiat-backed stablecoins," which are typically pegged 1:1 with a fiat currency like the U.S. dollar.
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NBA Superstar Shaquille O'Neal Accused Of Hiding In His Home To Evade FTX Lawsuit
"It is really astonishing the measures he has gone to avoid service of our complaint," one of the plaintiff's lawyers said.
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Ripple Reveals 'Some Exposure' To Silicon Valley Bank, But CEO Assures 'Strong Financial Position'
"Obviously a lot is still unknown about what happens with SVB, and as is the case with many others, we hope to have more details soon," Ripple CEO Brad Garlinghouse said.
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