(Bloomberg) — The fallout from the collapse of Silicon Valley Bank is starting to spread around the world. Most Read from Bloomberg SVB’s UK unit is set to be declared insolvent, has already cea...
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“The government has about 48 hours to fix a-soon-to-be-irreversible mistake”: Bill Ackman warns some businesses may not be able to meet payroll after SVB’s failure
“The government has about 48 hours to fix a-soon-to-be-irreversible mistake. By allowingSVB Financial to fail without protecting all depositors, the world has woken up to what an uninsured deposit is ...
Silicon Valley Bank collapse could spark the next financial crash – but we cannot bail out failed bankers again
Silicon Valley Bank headquarters in Santa Clara, California – Philip Pacheco Depositors can’t get their money out. Payrolls might not be met next weekend. And small companies, especially i...
Silicon Valley Bank staff offered 45 days of work at 1.5 times salary by FDIC
Staff of Silicon Valley Bank were offered 45 days of employment at 1.5 times their salary by the Federal Deposit Insurance Corp, the regulator that took control of the collapsed lender on Friday, Reut...
Silicon Valley Bank failed for one simple reason: its key startup clients lost faith.
Silicon Valley Bank SIVB, -60.41%, a 40-year-old bank at the heart of the valley’s ecosystem, was forced to shutter Friday after its core depositors — many of them startup companies — took out $42 bil...
Where Were the Regulators as SVB Crashed?
Silicon Valley Bank’s failure boils down to a simple misstep: It grew too fast using borrowed short-term money from depositors who could ask to be repaid at any time, and invested it in long-term asse...
Daylight Saving Time, Which Congress Could Make Permanent
Topline Two bills introduced in Congress this month hope to make daylight saving time, which will deprive Americans of an hour of sleep this Sunday, permanent for the country or for states who opt in....
Unlucky crypto investor commits $2M for a payout of $0.05 USDT – Cryptopolitan
The market reacted with a big sell-off, depegging the stablecoin from the dollar, just after Circle disclosed Silicon Valley Bank did not transfer $3.3 billion of its USD Coin holdings. Not all crypto...
Makerdao Issues Emergency Proposal to Address $3.1B in USDC Collateral After Stablecoin Depegging Incident – Bitcoin News
On March 11, 2023, the decentralized finance project Makerdao issued an emergency proposal following the USDC depegging incident that saw the stablecoin dip down to $0.877 per unit. At the time of wri...
3 High Dividend Healthcare Stocks for Passive Income
The global economy has slowed down remarkably lately, primarily due to the aggressive interest-rate hikes implemented by central banks in an effort to restore inflation to normal levels. As a result, ...
OpenSea fixes a major vulnerability that could have leaked your identity
The loophole on OpenSea when successfully exploited could have allowed the attacker to obtain the identities of users. OpenSea quickly fixed the issue after the vulnerability came to the fore. Cyber s...
5 things you may have missed in investing this week
It’s safe I think to make these four assumptions after a long, grueling week in the markets. First, you thoroughly understand the blowup of Silicon Valley Bank (SIVB for short) by reading this i...
Investor Mark Suster says a “handful” of bad actors in VC destroyed Silicon Valley Bank
Yesterday at around noon in Los Angeles, investor Mark Suster of the venture firm Upfront Ventures began urging “calm” on Twitter. Silicon Valley Bank had bungled its messaging on Wednesda...
ETH stumbles below $1,500, with a bearish bias – Cryptopolitan
Ethereum price analysis for today shows ETH has been consolidating around $1,403.96 to $1,450 in the last 24 hours. The current price of Ethereum is $1,403.96, and the 24-hour volume is at $14.5 billi...
Curve Finance trading volume reaches $7B historic high after USDC depeg
Stablecoin swapping pool Curve Finance is experiencing the highest daily trading volume in its history, exceeding $7 billion in the past 24 hours after the Silicon Valley Bank (SVB) collapse triggered...
Republic First Shares Jump 10% on News of $125 Million Capital Raise
By John Jannarone Shares of Philadelphia-based regional bank Republic First Bancorp, Inc. (Nasdaq: FRBK) jumped as much as 10% Friday morning after the company announced it had agreed to a $125 millio...
A Peek in Decentralized Autonomous Organization (DAO) Realm
Decentralized Autonomous Organizations (DAO) are slowly changing the financial realm; here’s a beginner’s guide into the DAO realm. A DAO is a collectively-owned, blockchain-governed community. Member...
SVB implosion ‘a-soon-to-be-irreversible mistake’ unless government intervenes
The consequences could be “vast and profound” if Silicon Valley Bank is not bailed out, according to billionaire investor Bill Ackman. Ackman warned of an “irreversible mistake” if a...
Virgin Galactic Stock Price Prediction: Make-or-Break for SPEC Stock!
Virgin Galactic stock price had a roller-coaster ride in an interesting symmetric pattern over the daily trading chart. Virgin Galactic share price decreased by 2.35% during Friday’s trading session w...
Here’s What To Expect for Crypto As Silvergate Bank Collapses, According to Ava Labs President John Wu
Ava Labs president John Wu is warning that the crypto industry will be adversely affected by the elimination of onramps into the crypto ecosystem. Asked by Bloomberg’s Caroline Hyde to comment on Silv...
Cardano Founder Supports Algorithmic Stablecoin for BTC’s Vision
Cardano founder Charles Hoskinson believes that algorithmic stablecoins would help to achieve Satoshi Nakamoto’s vision for Bitcoin. According to him, banks will always let users down. Hoskinson was r...
Failed tech bank SVB held over $5B for prominent crypto VCs: Report
According to a report that began circulating on March 11 in the aftermath of the collapse of Silicon Valley Bank (SVB), prominent blockchain venture capitalists (VCs) have over $6 billion worth of ass...
Silicon Valley Bank’s troubles put Circle’s $3.3b USDC reserve at risk
Circle’s USDC, the second-largest stablecoin with a market capitalization of $43b, has been hit by the collapse of Silicon Valley Bank (SVB). On Friday, regulators in California placed the bank under ...
These Companies—Roku, LendingClub, Roblox And More—Held Major Funds In Silicon Valley Bank When It Crashed
Topline Roku—a hardware digital media company known for its streaming devices—held about 26% of its cash at Silicon Valley Bank Financial, according to a securities filing, as other companies have dis...
Warning Signals About Silicon Valley Bank Were All Around Us
Silicon Valley Bank now has the dubious distinction of being the second largest bank failure in the … [+] history of the United States. (Photo by NOAH BERGER / AFP) AFP via Getty Images Silicon ...
Elon Musk Joins Right-Wing Support For ‘QAnon Shaman’ Claiming Jan. 6 Footage ‘Misleading’
Topline Twitter and Tesla CEO Elon Musk suggested Jacob Chansley—known as the “QAnon Shaman”—be freed from imprisonment in a tweet Friday evening, joining far-right figures like Marjorie Taylor Greene...
Breaking Down What Makes The Feel-Good Sports Comedy ‘Champions’ A Winner
(Left to right) Woody Harrelson, Kaitlin Olson and Bobby Farrelly attend the premiere of ‘Champions’ … [+] at AMC Lincoln Square Theater in New York City. Getty Images Champions, the...
Bank Stocks In Decline: A Price Chart Analysis
banks, Silicon Valley Bank getty Silicon Valley Bank collapses and the effects of contagion fear is immediately apparent in the stock price declines of bank stocks all over the country. Photos and vid...
Nine out of top 10 stablecoins trading below peg as USDC contagion spreads – Tether sole survivor
Ad Nine of the top 10 stablecoins by market cap are trading below their dollar peg as the market reels from the contagion sparked by the depeg of Circle’s USDC stablecoin on March 11, according to Cry...