Browsing: Signature Bank

Charles Hoskinson, the founder of Cardano, says the cryptocurrency business should distinguish itself from the “unstable and erratic” financial sector. Hoskinson recently tweeted that crypto should avoid traditional banking since it is full of “unstable and unpredictable” entities.

With the “changes in stablecoins and banks,” Binance CEO Changpeng “CZ” Zhao tweeted on March 13 that the exchange will convert the remaining $1 billion cash in its Industry Recovery Initiative to “native crypto.”

Another crypto-friendly bank has been forced to close its doors: Signature Bank, the bank to which several crypto businesses fled after Silvergate reported operational issues earlier this month.