Crypto-friendly banks closure could pose a challenge for crypto companies
The closure of three major crypto-friendly banks in the US, Signature Bank, Silicon Valley Bank, and Silvergate Bank, has sent...
Blockchain
Investors Rally to Support Silicon Valley Bank Amidst Possible Closure
Silicon Valley Bank (SVB) has been a major player in the tech industry for over 40 years, providing banking and...
South Korea Invests in Metaverse Fund for Economic Growth
South Korea has been making significant investments in the metaverse, seeing it as a potential new economic growth engine. The...
Yellen Works with Regulators to Address Silicon Valley Bank Collapse
On March 10, 2023, California's financial watchdog shut down Silicon Valley Bank (SVB) following an announcement of a significant sale...
Ackman Urges US Government to Guarantee SVB Deposits
Billionaire hedge fund manager Bill Ackman has warned the US government that failing to guarantee all deposits held by Silicon...
Banks increase risks to stablecoins
The recent depegging of Circle's USD Coin (USDC) caused a stir in the cryptocurrency market, with Binance CEO Changpeng "CZ"...
Future of Silicon Valley Bank May Put Trillions of Dollars at Risk
The potential collapse of Silicon Valley Bank (SVB) has caused alarm among regulators, investors, and depositors alike, with experts warning...
Bank of England halts Silicon Valley Bank UK branch operations
The Bank of England (BoE) has stopped the operations of Silicon Valley Bank’s United Kingdom branch (SVB U.K.), citing its...
USDC Holders Panic Sell Amid Solvency Concerns
USD Coin (USDC), a popular stablecoin pegged to the U.S. dollar, has been facing solvency concerns since March 10, leading...
Circle Plans to Cover USDC Shortfall After SVB Shutdown
Circle, the issuer of the stablecoin USD Coin (USDC), has been forced to take action to cover a significant shortfall...
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