Last week, news about the closure of two top crypto-friendly banks, ie. Silvergate Bank and Signature Bank spread like bushfire leaving Crypto enthusiasts abandoned and helpless. The FDIC officers and the Fed claim to have decided to close Signature Bank to help…

New York authorities have ended operations of the Signature Bank, one of the major crypto sector banks. This event marks the third instance of a US bank failing within a week. In a joint statement, Federal Deposit Insurance Corporation Chair, US Treasury…