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CRYPTO bros are quite literally becoming bankless and unbankable. By abruptly bundling crypto-friendly Signature Bank – one of the last of its kind – into receivership amid an extraordinary weekend operation to backstop the US banking system, regulators are sending a message that volatile tokens and decentralised finance need to be kept far...

HUOBI Global said on Tuesday (Mar 14) it had withdrawn all its funds out of failed New York-based Signature Bank and crypto-focused bank Silvergate Capital, and the exchange’s customers funds remain unaffected.

THE Australian dollar eased on Tuesday on souring risk appetite, while bonds posted their biggest rally in more than a decade as markets priced out any chance of further rate hikes from the nation’s central bank and even wagered on a cut in April.

Central banks and regulators are doing their utmost to counter a nascent banking panic in the US and Europe – so much so that market participants now believe the European Central Bank will either delay or reduce an expected interest rate hike on Thursday.

SILICON Valley Bank N.A’s new chief executive officer Tim Mayopoulos said in a letter to clients on Monday that the lender is open and conducting business as usual.

DIGITAL bank MariBank has launched to a small select individuals within the Sea ecosystem according to a source familiar with the matter. Previously only employees of Sea could open accounts with the bank from December 2022.

DIGITAL bank MariBank has launched to a small select individuals within the Sea ecosystem according to a source familiar with the matter. Previously only employees of Sea could open accounts with the bank from December 2022.

SIGNATURE Bank’s payments network — used by cryptocurrency firms looking to exchange fiat currency in real-time — is still online even after the lender was put into receivership.

CRYPTO market participants redeemed nearly US$1.74 billion of the stablecoin USD Coin on Monday (Mar 13), according to data compiled by researcher Nansen.

APOLLO Global Management expressed interest in snapping up a book of loans held by Silicon Valley Bank, the California lender seized by federal regulators last week.