(Bloomberg) — Bank runs. Stiffening Federal Reserve resolve against inflation. Credit risk, and the risk of recession. Investors absorbed a lot of shocks the last few days. Shaking them off all ...
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Andrew Yang warns of ‘mass layoffs,’ calls for government intervention after Silicon Valley Bank collapse
Andrew Yang, the entrepreneur who grabbed national attention during his 2020 White House run and his 2021 New York City mayoral run, urged government intervention following the Silicon Valley Bank (SV...
After Silicon Valley Bank Fails, Tech Startups Race to Meet Payroll
Tech startups and other businesses raced to line up sources of cash for payroll and other immediate needs after their deposits in Silicon Valley Bank, long a linchpin of tech financing, were locked up...
How SVB Was Doomed By a Bad Bet on Mortgage Securities and the Fed’s Rate Hikes
The demise of Silicon Valley Bank wasn’t driven by credit problems but by an old-fashioned mismatch of assets and liabilities that doomed many thrifts back in the 1970s. California regulators seized S...
Etsy freezes transactions after Silicon Valley Bank closure, squeezing sellers nationwide
The collapse of start-up backer Silicon Valley Bank this week continues to cause ripples across the tech industry, with Etsy the latest company to voice concerns after announcing a transaction freeze....
Axie Infinity (AXS) Developers Rumored To Advise On Crypto Project Avorak
Cryptocurrency has been a hot topic lately, and one of the most talked-about names in the industry is Axie Infinity. Recently, rumors have been swirling around that the developers of Axie Infinity are...
Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to ‘Stand Behind USDC and Cover Any Shortfall’ – Bitcoin News
On Saturday, March 11, 2023, Circle Financial updated the public about its stablecoin, USDC, and noted that the stablecoin’s liquidity operations will resume normally on Monday morning in the United S...
Etsy Struggles To Pay Sellers After Collapse Of Silicon Valley Bank
An Etsy marketplace is set up in Times Square outside the NASDAQ to commemorate the Etsy initial … [+] public offering which debuted to the public on Thursday, April 16, 2015. Shares of Etsy dro...
A comprehensive Guide to Web3 and Leading Web3 Companies
1 Web3 companies build decentralised applications using blockchain technology. 2 Web3 has the potential to create a secure, transparent and user-friendly digital ecosystem. What is Web3 technology? We...
Fantom [FTM]: More addresses and transactions, but what about DeFi TVL
Fantom has seen increased ecosystem growth in the last month. FTM’s price, however, continues to plummet. Following the launch of its go-opera version 1.1.2-rc.5 mainnet upgrade on 6 March, blockchain...
BB Stock: Blackberry Stock Price Might Test 52 Week Low Again?
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Crypto Shaken as SVB Risk Depegs Second-Largest Stablecoin
(Bloomberg) — The fallout from the failure of Silicon Valley Bank reached further into crypto, unhinging a key cog in the market that’s meant to be among the safest digital assets in the space. ...
Blindsided by SVB, Credit Traders Are Rushing Toward Safety
(Bloomberg) — The rapid failure of Silicon Valley Bank is threatening to upend a rebound in credit markets that had been luring investors back to even some of the riskiest corporate borrowers. M...
From wine country to London, bank’s failure shakes worldwide
NEW YORK (AP) — It was called Silicon Valley Bank, but its collapse is causing shockwaves around the world. From winemakers in California to startups across the Atlantic Ocean, companies are scramblin...
Mark Cuban says Fed should ‘immediately’ take this action
Entrepreneur and Dallas Mavericks owner Mark Cuban has demanded the Federal Reserve take action and assume responsibility following the collapse of Silicon Valley Bank (SVB) Friday. “The Fed sho...
What happened to Silvergate Capital? And why does it matter?
Silvergate Capital SI, -11.27% served as one of the main banks for the crypto industry, prior to its collapse earlier this week. The news came just a week after the firm delayed its annual report to t...
DigiToads vs Dogecoin vs PancakeSwap
With an apparent rally in the Bitcoin markets being talked about, investors around the world are beginning to focus their attention on other cryptocurrency options. DigiToads, Dogecoin and PancakeSwap...
Silicon Valley Bank down, USDC depegged, FTX billed $34M in Jan
Top Stories This Week Silicon Valley Bank shut down by California regulator, holding over $5 billion for prominent crypto VCs Silicon Valley Bank (SVB) was shut down by California’s financial watchdog...
AAC Commissioner Is Right-It’s Time To Drop The “Power 5” Label
American Athletic Conference Commissioner Mike Aresco speaks during a press conference before an … [+] NCAA college basketball game Saturday, March 11, 2023, in Fort Worth, Texas. (AP Photo/Ron ...
DOGE coin price analysis: Coin price retraces at the $0.06452
The DOGE coin price is showing bullish after the bearish momentum in the previous week. The DOGE coin price is currently trading in a small range on a daily time frame. The pair of DOGE/BTC is tradin...
Bank of England Shuts Down Silicon Valley Bank’s UK Branch After US Regulators Close Parent Company – Bitcoin News
After U.S. regulators shut down Silicon Valley Bank (SVB) on Friday, the Bank of England has closed the company’s U.K.-based arm. The central bank explained that it intends to place the subsidiary int...
Ex-Lawyer Predicts 5 Outcomes in Ripple vs. SEC Lawsuit
In the latest development series, a former lawyer shared a tweet noting the 5 outcomes in the Ripple vs. SEC case. The Ripple vs. SEC lawsuit is almost 2 years old and has not yet reached any conclus...
This is Europe’s Most Crypto-Curious Country (Study)
According to Dua Crypto’s research, The Netherlands rank as the most interested European nation in cryptocurrencies. Russia (where the local central bank is predominantly negative on the asset class) ...
Why the USDC potential depeg is not a reason to panic
Ad The following is a guest post by Anndy Lian. The crypto industry is currently experiencing anxiety due to concerns about the potential detachment of USDC, a stablecoin supported by US dollars. As a...
NEXO Price Analysis: NEXO price is firmly under bear control
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USDC To Regain $1 Peg As Circle Devises Strategy To Cover Shortfall
In an official statement, USDC issuer Circle stated that it would resume normal operations from Monday and that the stablecoin will be redeemable one-for-one with the U.S. dollar as it plans to utiliz...
‘Capable Of Handling Tens Of Millions Of Deliveries For Millions Of Consumers’
A Wing local delivery drone in action Wing Google sister company Wing is adding complex route management and self-loading capability for its drone delivery fleet that will make it capable of handling ...
Why Should You Worry About The Sorry State Of Segment Disclosures?
The FASB’s proposed new rule trying to tighten segment disclosures does not go far enough although segment disclosures are hugely important to investors and citizens. Legal workers carry documents for...
Los Angeles Chargers Became Cap-Compliant, But It Comes With A Significant Roll Of The Dice
Los Angeles Chargers linebacker Khalil Mack agreed to have his contract restructured to help L.A. … [+] get under the salary cap. Mack’s cap hit is north of $38 million in 2024, the highes...
Jeremy Allaire Says Circle Will Use Own Resources to Cover Shortfalls As USDC Moves Closer to Peg
Circle CEO Jeremy Allaire is speaking out for the first time following USDC‘s depeg from the dollar, which saw over $6.3 billion disappear from the second-largest stablecoin’s market cap. In a new com...
Opinion: The only market forecast that should matter to stock investors: When does the Fed decide that higher inflation is OK?
By this time last year, every stock market forecast made for 2022 was wrong. The U.S. stock market peaked on the first trading day of 2022 and went downhill from there. This year, every forecast made ...