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FDIC chair takes responsibility for Signature Bank’s collapse, also cites crypto

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A report from the FDIC has revealed that poor management was the primary cause of Signature Bank’s failure, uncovering the key factor responsible for the bank’s downfall. In response, the chair has assumed responsibility for the identified shortcomings, acknowledging accountability for […]
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Signature Bank collapse due to regulators, management

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The fall of Signature Bank (SBNY) has been linked to a combination of executive mismanagement and insufficient intervention by federal regulators, exacerbating the bank’s exposure to risks in the crypto industry and the ripple effects from other banks’ failures. The downfall […]
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Metacade announces partnership with Metastudio2

Crypto ownership in the US surged in 2022 despite FTX collapse 

A new study finds that nearly one-third of U.S. residents hold bitcoin and other cryptocurrencies and 45% of cryptoasset investors prefer patronizing financial institutions and credit unions that support bitcoin (BTC) and altcoins. U.S. consumers are interested in crypto  While the major regulatory watchdogs in the United States, including Gary Gensler’s SEC and others, have […]
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Ledger sees funding success in wake of FTX collapse

The recent collapse of FTX has increased interest in Ledger’s secure storage solutions and led to its recent funding success. The cryptocurrency ecosystem experienced a major shake-up following the FTX collapse, as investors rapidly sought safer storage alternatives for their digital assets. The shift in market sentiment resulted in a significant increase in demand for […]
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Former president of Russia says collapse of global financial system will accelerate crypto adoption

Dmitry Medvedev, the former President of Russia, believes that a worldwide financial collapse will result in widespread acceptance of cryptocurrencies. He predicts that both the US dollar and the euro will become less influential as reserve currencies. In a December 26 thread on Twitter, Dmitry Medvedev said the failure of the Bretton Woods monetary control […]
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