US
SVB Financial’s First Bankruptcy Hearing ‘Wasn’t Really So Routine,’ Says Legal Expert
The former Silicon Valley Bank holding company needs access to the bank's FDIC-controlled funds to pay creditors and support two other operations, says Kleinberg, Kaplan partner Dov Kleiner.
IRS Seeks to Tax NFTs Like Other Collectibles
NFTs will be taxed like the underlying assets until final rules are agreed on how to treat digital proofs of ownership held in retirement accounts
Core Scientific Bankruptcy Judge Approves Transfer of Over $20M of Equipment to Its Exclusive Energy Negotiator
Core Scientific had stopped paying Priority Power Management in May 2022.
Coinbase No Longer Supporting Signature Bank’s Signet Network: WSJ
The fate of Signet has been unclear since Signature Bank was shut down by New York State regulators last weekend.
Florida Gov. Ron DeSantis Proposes Law to Ban CBDCs
The Biden administration is studying the possibility of introducing a central bank digital currency.
Signature Bank Noncrypto-Related Deposits to Be Assumed by New York Community Bancorp Unit: FDIC
The 40 former branches of Signature Bank will operate under New York Community Bancorp's Flagstar Bank, N.A., from Monday. The FDIC will provide digital-banking business deposits directly to those customers.
Coinbase Is Weighing Setting Up Non-U.S. Trading Platform: Bloomberg
The search comes as the U.S. accelerates actions against the crypto sector in the wake of FTX’s collapse and the shutdown of three crypto-friendly banks.
FDIC Denies Report Signature Bank Purchaser Must Divest Crypto
Reuters reported the FDIC wanted Signature’s buyers to “give up” the bank's crypto activities.
Crypto Exchange Orca to Block U.S. Traders From Website
The top decentralized exchange on Solana will restrict U.S. trading activity on orca.so beginning on March 31.
