Crypto bank Anchorage Digital cuts 20% of staff amid regulatory uncertainty, market volatility

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 53%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

The announcement came just days after regulators took control of crypto friendly Signature Bank and Silicon Valley Bank.

Anchorage Digital, a federally chartered crypto bank in the U.S., is cutting about 20% of its staff.

"The strategic adjustments we are undertaking have been developed over the course of a several months-long review process," the company said in a

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 464. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

😔

Never heard of it.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘Nobody left to bank crypto companies’ — Crypto Twitter reactsSilicon Valley Bank's (SVB) sudden collapse and the closure of crypto-friendly bank Signature Bank have prompted the crypto community to give their 2 cents on what it could all mean for the future. Not surprising given the environment right now, but was a traditional “bank” really needed for cryptocurrency? I don’t know much about what they offered, but it feels like they were trying to hang onto old, familiar models. self-custody, brokerage accounts
Source: Cointelegraph - 🏆 562. / 51 Read more »

MicroStrategy and Marathon Digital Lead Tenuous Bounce for Crypto-Related StocksThe government's Sunday evening backstop of depositors at failed $SIVB and $SBNY sent bitcoin above $22K, with stocks like $MSTR, $MARA, $RIOT posting modest rallies in premarket trading. $COIN, however, is losing a little ground. SteveAlpher reports
Source: CoinDesk - 🏆 291. / 63 Read more »