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%

United States News News

United States United States Latest News,United States United States 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

 

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

😔

Never heard of it.

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 US

United States United States Latest News, United States United States 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 »