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Monday, December 23, 2024
More
    bitcoin
    Bitcoin (BTC) $ 95,780.66
    ethereum
    Ethereum (ETH) $ 3,325.31
    tether
    Tether (USDT) $ 0.999298
    bnb
    BNB (BNB) $ 662.81
    usd-coin
    USDC (USDC) $ 1.00
    xrp
    XRP (XRP) $ 2.21
    binance-usd
    BUSD (BUSD) $ 1.01
    dogecoin
    Dogecoin (DOGE) $ 0.317249
    cardano
    Cardano (ADA) $ 0.904505
    solana
    Solana (SOL) $ 185.02
    matic-network
    Polygon (MATIC) $ 0.48515
    polkadot
    Polkadot (DOT) $ 7.00
    tron
    TRON (TRX) $ 0.24862
    HomeFinanceGAO cites publicity to digital belongings in exploration of Signature Financial institution...

    GAO cites publicity to digital belongings in exploration of Signature Financial institution collapse

    The US Authorities Accountability Workplace, or GAO, has launched its preliminary assessment of the failures of Silicon Valley Financial institution and Signature Financial institution (OTC:) – and included publicity to cryptocurrency business deposits.

    In a report launched on Might 11, the GAO stated “poor governance and unsatisfactory threat administration practices” led to the collapse of Signature Financial institution in March. The GAO didn’t explicitly level to digital belongings as the reason for the financial institution’s failure, however did point out publicity to the crypto business alongside potential causes.

    Proceed studying on Coin Telegraph

    See also  Researchers discover that cryptocurrency 'maturity signatures' are much like the inventory market
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