Here’s how much insurance covers bitcoin ETFs
For over a decade, custodians have not bought insurance for 99% of the bitcoin they hold. Unfortunately, SIPC won’t solve this problem.
For over a decade, custodians have not bought insurance for 99% of the bitcoin they hold. Unfortunately, SIPC won’t solve this problem.
FDIC-insured banks were warned to report accurate numbers for insured deposits… but the warning applies to depositors and investors, too.
In light of Cross River Bank’s consent agreement with the FDIC, here’s a timeline of the USDC custodian’s meteoric rise since 2008.
The FDIC issued cease-and-desist letters to five crypto-related companies after they misled customers over their links to the insurer.