Former Signature Bank Chairman Said the Bank Cut Back on Digital Asset Deposits in Wake of Volatility
Crypto-friendly Signature Bank “significantly’ cut back on digital asset deposits in the wake of increased volatility and regulators' concerns at the end of last year, said the former chairman and co-founder of the now-s...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
“Unfortunately, a series of truly extraordinary and unprecedented events unfolded quickly,” said Scott Shay, Signature’s former co-founder and chairman in prepared testimony on Monday....
Read More: Former Signature Bank Chairman Said the Bank Cut Back on Digital Asset Deposits in Wake of Volatility
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Ex-Signature Bank chair launches blockchain-powered instant overseas payments service
N3XT's blockchain-based service could reshape global finance by offering regulated, instant cross-border payments, challenging tra...
Fireblocks appoints former SEC Acting Chairman Elad Roisman as Chief Regulatory Officer
Roisman's appointment at Fireblocks signals a strategic move to navigate complex regulatory landscapes, potentially influencing cr...
Trump Media pivots away from Bitcoin after $360M in digital asset losses
Trump Media's crypto losses highlight the risks of volatile digital assets, prompting a strategic shift towards stabilizing core b...
Clarity Act Uncertainty Keeps DeFi’s Bigger Market Bet on Hold
Bitcoin has fallen 21% this year, Ethereum is down 33%, and Solana has dropped 37%, according to Bitwise Chief Investment Officer...
Ripple Lands 3rd Korea Deal, Jeonbuk Bank Brings 24/7 Crypto Payments to Firms
Key Takeaways: Jeonbuk Bank is the first regional bank in Korea to use Ripple Payments. The service allows cross-border settlement...
Ethereum (ETH) Price Prediction: ETH Volatility Compression Builds as Bulls Target $2,500 Recovery
Ethereum price has remained stuck in a tight trading range as volatility continues to fade, leaving traders waiting for the next m...