Crypto Banking News
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UAE CBDC to Complete First Phase by 2024
The United Arab Emirates central bank has shared its strategy for launching its digital Dirham. The first phase of the UAE CBDC will be completed by 2024.
Flagstar to Buy Signature's Non-Crypto Assets
Flagstar's bid to take over Signature Bank's 40 branches excluded $4 billion in deposits relating to Signature's digital banking business.
Why Signature Bank Fell So Fast
The ultra-fast failure of Signature Bank portrays the crisis the cryptocurrency industry is facing and will impact the crypto investment landscape.
Silicon Valley Bank UK to Be Bought by HSBC
The Bank of England announced that HSBC would buy the collapsed Silicon Valley Bank in the UK. HSBC is planning to acquire the firm for £1.
Kraken Crypto Exchange Plans Bank Launch
Kraken crypto exchange CLO Marco Santori has opened up about the platform's plan to launch a bank to support other crypto firms.
Silvergate Capital on Verge of Collapse
Silvergate Capital is facing dire losses after the FTX collapse. The firm has lost more than $1 billion in the past three months.