Tether Transfers Funds to Bahamas using Signature Bank’s Payment Platform, Signet
Tether Uses Signet to Transfer US Dollar Funds to Bahamas Banking Partner. According to recent reports, Tether, the issuer of USDT stablecoin, used Signet, the payment platform of Signature Bank, to transfer US dollar funds to its banking partner, Capital Union Bank, in the Bahamas. The transf ...
FDIC Sets Deadline for Cryptocurrency Clients of Bankrupt Signature Bank to Withdraw Funds
The FDIC, the U.S. Federal Deposit Insurance Corporation, has recently announced that customers of Signature Bank who hold cryptocurrency accounts have until April 5th to close their accounts and withdraw their funds. As of March 20th, Flagstar Bank has taken over the operation of 40 former Signa ...
Coinbase Halts Support for Signet Following Signature Bank Shutdown
Coinbase, a well-known cryptocurrency exchange, recently announced that it has ceased supporting Signet, a digital payment platform owned by Signature Bank. This decision was made after US regulators shut down Signature Bank last week. Coinbase is now actively seeking a new technology provider, w ...
Sells Signature Bank Assets Without Cryptocurrency Business
The US Federal Deposit Insurance Corporation (FDIC) recently announced the sale of Signature Bank's assets, with one notable exception: the cryptocurrency business. Effective March 20th, Flagstar Bank will operate the 40 former Signature branches, and Signature savers who were not involved in dig ...
Banks in Crypto Industry Facing Challenges: Silvergate, Signature, and Silicon Valley Terminate Operations
Silvergate Bank March 2023 has been a challenging month for banks operating in the crypto industry. The termination of operations has already been announced by Silvergate, Signature and Silicon Valley. What awaits crypto investors amid these events? Silvergate Bank The ...
Binance to Lose Skrill’s Support for Pounds Sterling Transactions
Binance, a leading cryptocurrency exchange, has shared that its service partner, Skrill Limited, will soon discontinue providing services in pounds sterling to the platform. Binance has already ceased accepting new users who wish to open an exchange account with deposits in pounds sterling. Ac ...