03-21-2023, 12:27 PM
#1
According to Reuters, the encryption exchange Coinbase Global said that it has stopped supporting Signet Bank's digital payment platform Signet and is looking for a new technology provider or wants more clarity on Signet's results. Signet, Signet Bank's digital payments platform, allows real-time cryptocurrency-to-fiat transactions. Last night, Signature Bank said it would reopen on Monday with no restrictions or interruptions to business. In addition, the U.S. Office of the Comptroller of the Currency approved Flagstar Bank to acquire some assets and assume certain liabilities of Signature Bank Transition Bank. The transaction includes the purchase of a loan portfolio with a total value of $12.9 billion and the assumption of $34 billion in deposits.
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