Bitcoin24h $61,239.13-3.88%

Ethereum24h $1,595.84-9.77%

BNB24h $576.26-4.80%

XRP24h $1.11-5.31%

Solana24h $64.61-6.04%

TRON24h $0.3203-2.91%

Hyperliquid24h $60.87-5.28%

Dogecoin24h $0.0826-6.48%

UNUS SED LEO24h $9.58-3.60%

Stellar24h $0.2033+1.12%

A year on from the US regional banking crisis, what’s changed?

It’s becoming clearer by the day that the regional banking crisis of 2023 didn’t end when the calendar year turned over.

Binance controlled its US arm’s bank accounts for two years: Reuters

Bank records and company DMs reveal that Binance US had no control over its own bank accounts held at Silvergate between 2019 and 2020.

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

Although banks had minimal crypto exposure, panicked clients pulled out funds and sealed the fate of SVB, Silvergate, and Signature Bank.

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.