prnewswire.com/news-releases… More detail on the LevelField Bank approval in our press release. The bank will serve consumer and business customers across the USA. LevelField Bank will be a subsidiary of LevelField Financial

bloomberg.com/news/articles/… LevelField Bank is approved! The bank will serve consumer and business customers in the bitcoin and digital asset communities, as well as businesses in other underbanked industries. LevelField Bank fully supports digital assets, and whether our customers want to buy/sell/hold/borrow, we will meet their needs through BTC-backed loans, custody, trading, and regular bank accounts.

federalreserve.gov/newsevent… The Federal Reserve has removed the last of the obstacles for the integration of crypto into safe and sound banking. Great news for @LevelfieldEx

This makes it clear that the @LevelfieldEx business model is allowed for a bank. Next step is the long-awaited approval of our acquisition!

Banks may soon own cryptocurrency. The idea of traditional banks holding digital assets was inconceivable a few months ago, but times are changing. forbes.com/sites/digital-ass…

I revised my article about the OCC authorizing national banks to offer cryptocurrency services. I wanted to highlight that the OCC has also rescinded the directive barring banks from holding cryptocurrencies directly. forbes.com/sites/digital-ass…

The restriction on banks directly holding cryptocurrency makes little sense, considering their expertise in handling volatile assets. forbes.com/sites/digital-ass…

forbes.com/sites/digital-ass… Fintech companies offering banking-like products pose a hidden risk to customers, with many customers seemingly unaware of the potential dangers. These risks extend across both crypto and traditional sectors.

Bitcoin is not going anywhere as the Wall Street firms have found the revenue streams. forbes.com/sites/digital-ass…

Radical transformation is looming for customer-facing fintech firms as the economics, leadership, and control dynamics shift in favor of banks amidst regulatory changes and enforcement forbes.com/sites/digital-ass…

Bitcoin is here to stay, and here is the simple reason why. forbes.com/sites/digital-ass…

forbes.com/sites/digital-ass… The way fintech companies work with banks is set to change

podcasts.apple.com/us/podcas… Ben Reinberg hosts a terrific podcast, and I was his guest. We discussed everything @LevelfieldEx, and he asked fantastic questions. I loved doing the show, and it is worth a listen.

$SIVB is not unique. In December there were 30 banks with negative tangible common equity. Put another way, 30 banks were worth less than zero because of losses from their bond portfolios. Source: PNC FIG Advisory memo December 20, 2022.

$SIVB lost ~$18b from unhedged interest rate exposure and only had ~$16b in capital. "Unhedged interest rates" are sometimes called trading. Whatever the term, bank lost more money than they had. They literally bet the bank on interest rates staying low

Very well written, informative, and accurate. Highly recommended for anyone who wants to understand what happened to Silicon Valley Bank.

$SIVB -- you do realize that depositors will receive most of their money back, right? The FDIC will work quickly to ensure depositors will have access to funds as quickly as possible. The negative equity is only a few percent of the total assets.