The crypto-friendly Signature Bank was a key partner for many crypto firms, some which have been voluntarily disclosing their exposure to the recently closed fi...
Coinbase, Celsius and Paxos disclose funds in Signature Bank
A January survey from Paxos found that 89% of respondents still trusted “intermediaries” to hold their crypto, despite the collapses and bankruptcies last year.
89% still trust centralized custodians despite 2022’s collapses: Survey
The recent action from Binance comes in the wake of the NYDFS ordering BUSD issuer Paxos to stop minting new coins.
Here’s how Binance is mitigating its stablecoin needs after BUSD ban
A total of five crypto companies ended their partnership with Silvergate Bank on March 2 after a series of lawsuits and investigations against the bank.
Coinbase cutting ties with Silvergate forces crypto hedge fund to find a new bank
BUSD’s market cap is down by nearly $14 billion from its all-time high of $23.49 billion, set on Nov. 15, 2022.
Binance USD market cap falls below $10B amid rising regulatory concerns
Silvergate is reportedly facing an investigation from the United States Department of Justice over its alleged role in the FTX collapse, involving Sam Bankman-F...
Circle, Paxos, Bitstamp and Galaxy join Coinbase in scaling back partnerships with Silvergate Bank
The stablecoin issuer is currently facing a lawsuit from the SEC in which the financial regulator claimed BUSD was an unregistered security.
Paxos is engaged in ‘constructive discussions’ with SEC: Report