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Cryptocurrency Community Debates Fallout from Closure of Major American Banks
The closure of three major American banks that serve cryptocurrency firms, including Silicon Valley Bank and Signature Bank, has sparked debate within the cryptocurrency community. The closure of Silicon Valley Bank, which held over $3.3 billion of USD Coin issuer Circle's $40 billion reserves, has caused particular concern. As a result, the cryptocurrency ecosystem is now exploring neobank services and other options to bridge the gaps exposed by the latest mainstream banking failure.
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Crypto-Friendly Revolut under Pressure after UK Regulators Find Audit Flaws
Revolut has been flagged as being at risk of not meeting auditing requirements.
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Nordic Neobank Lunar Raises $77M Funding Round, Launching Crypto Trading Platform
Lunar strives to offer more convenient, empathic and engaging banking alternative services to both private and business customers.