Bitcoin24h $82,913.04-0.86%

Ethereum24h $1,810.03-0.79%

XRP24h $2.05-0.30%

BNB24h $591.58-1.17%

Solana24h $115.56-3.31%

Dogecoin24h $0.1617-2.47%

Cardano24h $0.6484-0.70%

TRON24h $0.2386+1.17%

UNUS SED LEO24h $9.44+0.54%

Toncoin24h $3.51-8.43%

FDIC issues notice that banks misreported figures… but for who?

FDIC-insured banks were warned to report accurate numbers for insured deposits… but the warning applies to depositors and investors, too.

Tether bought commercial paper from subsidiary of alleged terrorist-linked bank

Tether apparently bought nearly $50M worth of commercial paper from a subsidiary of Masraf Al Rayan, a bank fined $4M by the FCA.

Before Silvergate Bank closed, Block.One founder, Brendan Blumer, Citadel, and Cathie Wood’s ARK Invest all made doomed attempts to save it.

The NYDFS has claimed that Signature Bank’s closure was prompted by a bank run and a high proportion of uninsured deposits.

CryptoUK says a list of safe firms is just one of a number of measures the government can take to prevent exchanges from being de-banked.