Oct 17, 2023 | Banking News
Binance US drops FDIC insurance amid regulatory pressure Binance US, the American subsidiary of the global cryptocurrency exchange Binance, has decided to forgo Federal Deposit Insurance Corporation (FDIC) coverage. This move comes amidst increasing regulatory...
Oct 17, 2023 | Banking News
LINKBANCORP and Partners Bancorp Receive Regulatory Approvals for Merger LINKBANCORP, the parent company of LINKBANK, and Partners Bancorp, a financial services company with two wholly-owned operating subsidiaries, The Bank of Delmarva and Virginia Partners Bank,...
Oct 17, 2023 | Banking News
Binance US Says Crypto Deposits Are No Longer FDIC Insured In a recent update to its terms of service, Binance US has made a significant change that affects users’ deposits. The popular cryptocurrency exchange has removed FDIC insurance for crypto deposits,...
Oct 17, 2023 | Banking News
The U.S. Federal Trade Commission (FTC) Issues Warning on Crypto Deposits The U.S. Federal Trade Commission (FTC) has recently issued a Consumer Alert warning consumers about the lack of FDIC insurance for cryptocurrency deposits. This comes as a reminder to...
Oct 16, 2023 | Banking News
FTC Settles with Bankrupt Crypto Company, but Pursues CEO for Deceptive FDIC Claims The Federal Trade Commission (FTC) recently announced that it has reached a settlement with the bankrupt crypto company Voyager over allegations of deceptive crypto marketing...
Oct 16, 2023 | Banking News
Secure Your Deposits with Wealthfront Cash Account In today’s digital age, where financial transactions are increasingly being carried out online, the security of our deposits is of paramount importance. That’s why Wealthfront, a leading fintech company,...
