The suspension of Silvergate's cryptocurrency payments system is seeing digital assets managers scrambling to find new banking partners.
With US$400 million in assets under management, a crypto fund manager is looking to Swiss banks to fill the vacuum left by the collapse of a crucial payments network run by struggling US lender Silvergate Capital.
Silvergate's 24/7/365 real-time network was utilised by Digital Asset Management to transfer money to and from Coinbase Global Inc.
But, major exchanges like Coinbase, Crypto.com, and Gemini no longer support Silvergate.
Hong Kong might be proud of its pro-crypto stance, especially after greenlighting Bitcoin ETFs, but the city continues to be plagued with crypto scams and money launderers
This license paves the way for Binance to offer its services to retail investors within the Dubai jurisdiction.
The Reserve Bank of New Zealand teased the release of a CBDC by 2030
Tokenization giant Ondo Finance is partnering with Noble to bring tokenized U.S. Treasury products to over 90 blockchains in the Cosmos ecocystem
Bitcoin halves, Dubai floods, Hong Kong approves, Iran attacks, Israel retaliates, and former Mt Gox CEO Mark Karpeles talks
Hong Kong might be proud of its pro-crypto stance, especially after greenlighting Bitcoin ETFs, but the city continues to be plagued with crypto scams and money launderers
This license paves the way for Binance to offer its services to retail investors within the Dubai jurisdiction.
The Reserve Bank of New Zealand teased the release of a CBDC by 2030
