February 25, 2025
Headlines

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Crypto Bank Silvergate Forced to Return $9.85M Deposit to BlockFi in Ongoing Bankruptcy Dispute

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Image source: Yahoo Finance Crypto-friendly bank Silvergate has been forced to return $9.85 million to BlockFi as part of the crypto lender’s ongoing bankruptcy proceedings. According to documents made available on the website of BlockFi’s restructuring advisor, the bankruptcy court overseeing BlockFi’s restructuring process ordered Silvergate to immediately release $9.85 million to the now-defunct crypto lender...

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Breaking News: Crypto-Friendly Silvergate Bank Announces 'Voluntary Liquidation' - A Blow for Crypto Adoption?

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Silvergate. Source: Adobe Crypto-friendly US-based bank Silvergate Bank has begun the voluntary process of liquidation, according to a statement issued by the California Department of Financial Protection and Innovation (DFPI).  The announcement of Silvergate Bank’s liquidation comes just a day after reports surfaced suggesting that the bank was discussing ways to avoid a shutdown with...

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HSBC Acquires Silicon Valley Bank UK for £1 to Safeguard Customers and Taxpayers – What's Going On?

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Image Source: News24 Global banking giant HSBC has acquired the UK subsidiary of now-collapsed lender Silicon Valley Bank for £1 ($1.21) after all-night talks between the government, regulators, and other prospective buyers. The deal excludes the assets and liabilities of SVB UK’s parent company.  As of March 10, the UK arm of SVB had loans...

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NatWest Bank Imposes Monthly Crypto Exchange Payment Limit of $6K, Citing Fraud Concerns – Here's the Latest

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Image Source: BBC Consumer-focused UK bank NatWest is putting a limit on the amount of money customers can transfer to cryptocurrency exchanges in a move that shows deteriorating relationships between digital asset firms and financial institutions.  Users of the bank will be limited to payments of 1,000 British pounds ($1,218) per day and 5,000 British...

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Ant Group outbids Citadel for Credit Suisse\'s China unit, Bloomberg reports

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(Reuters) -Fintech giant Ant Group has outbid billionaire Ken Griffin\'s Citadel Securities for Credit Suisse\'s investment bank venture in China, Bloomberg News reported on Sunday, adding it was unclear whether the Chinese company\'s offer would succeed. Alibaba (NYSE:BABA) Group affiliate Ant Group\'s bid to build a securities business in China using Credit Suisse\'s operations would...

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