Alan Lane said a “coordinated attack” by the Biden administration made Silvergate’s continued operation untenable and prompted its liquidation.Former Silvergate Bank CEO Alan Lane said political and regulatory pressure from the Biden administration drove the crypto-focused lender’s voluntary wind-down in 2023, arguing that the bank remained solvent after weathering a deposit run.In an inaugural Substack…
Exporters can use overseas earnings to fund imports directly, bypassing the official foreign-exchange system, the FT reported.
Malone Lam, a Miami resident charged with stealing 4,100 bitcoin, led a ring of fraudsters who stole crypto via online scams and home invasions.
The Financial Intelligence Unit-India (FIU-IND) issued non-compliance notices to what it calls virtual digital asset service providers.
Exporters can now fund imports with overseas earnings without first selling their foreign currency at official rates, the Financial Times reported.Iran’s central bank has reportedly eased foreign currency controls to encourage businesses to bring overseas earnings home, including through cryptocurrency, amid tightening US sanctions.This includes using Tether’s USDt (USDT) and Bitcoin (BTC) to settle cross-border…
The proposed Builders Bank would offer federally supervised digital asset custody but would not accept deposits or issue loans.Jack Dorsey’s payments company Block seeks to establish a federally regulated trust bank to provide custody services for Bitcoin and stablecoins.Block said Tuesday it had submitted an application to the Office of the Comptroller of the Currency…
The Japanese yen extended its rally against the greenback, briefly strengthening past 153 per dollar.
The people building AI earnestly believe that it could kill us all by the end of the decade, Coxon said on X, explaining his resignation.
Gemini’s local entity is authorized to provide digital payment token and cross-border money transfer services without standard transaction-volume limits.Crypto exchange Gemini has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), completing its transition from the in-principle approval granted nearly two years ago. On Wednesday, Gemini said MAS awarded the license…
Biden says the token is about “resilience, redemption and recovery” and will give coins to nearly one million wallets that lost money on TRUMP.