(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. ...
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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...
‘Absolute Worst Outcome For A Stalking Case,’ Police Say
Topline A podcast host and her husband were found shot dead Friday in their Redmond, Washington, home allegedly by a man, also found dead, who had been stalking her for months, according to police, wh...
Stablecoins rally as Circle announces it will cover all USDC deposits 1:1
Quick Take On Saturday, March 11, Circle CEO Jeremy Allaire announced that Circle pledges to cover any shortfall in the assets backing USDC if it does not receive the entirety of a $3.3 billion cash r...
Bitcoin Ordinals could help BTC miners in the long-run- Here’s how
Ordinals inscriptions have surpassed 411,000. Its contribution to transaction fees over the past week has also exceeded 6%. Ordinals and other Layer 2 solutions have made the Bitcoin network no longer...
Morgan Stanley: No Fiat-Crypto On-Ramps, Slower Asset Inflows
1 Morgan Stanley predicts digital asset inflows will slow down without on-ramps between fiat and crypto. 2 The need for infrastructure for converting fiat currency into digital assets hinders the cryp...
Crypto Assets Conference 2023 to Kick Off This March
Join over 400 guests each day or 5,000+ online attendees at this year’s Crypto Assets Conference (CAC23A) from March 29 to 30, 2023. At one of Europe’s leading digital assets conferences to discuss t...
Charles Hoskinson Displeased By Misleading Comments On Cardano’s Governance ⋆ ZyCrypto
Advertisement     In a lengthy Twitter thread, a product leader and Web3 advisor Vanessa Harris explained the downsides of the Cardano Cardano governance body. CIP-169...
Circle will cover funds shortfall caused by Silicon Valley Bank collapse
Circle stated that it initiated to transfer of $3.3 billion funds remaining in SVB However, the transfer was not processed as of Friday and the could be processed on Monday The stablecoin issuer has c...
Stablecoin USDC falls below $1, faces $3.3 billion exposure to Silicon Valley Bank
USDC, a stablecoin that is supposed to trade one-to-one against U.S. dollars, has fallen below $1 on Saturday, after creator Circle said it had over $3.3 billion held at Silicon Valley Bank, which col...
ICPT Stock Tumbles On New Obstacle For Its NASH Drug
Intercept Pharmaceuticals (ICPT) said Friday its experimental liver disease treatment will face a Food and Drug Administration panel in May, leading ICPT stock to tumble. X The FDA’s Gastrointes...
Circle plans to cover missing liquidity in Silicon Valley Bank with corporate funds
USD Coin (USDC) issuer Circle plans to use “corporate resources” to cover the shortfall on its reserves following Silicon Valley Bank’s shutdown, said the company in a statement on M...
SVB’s New Owner, the FDIC, Gives Workers 45 Days of Employment
(Bloomberg) — The Federal Deposit Insurance Corporation added a few new employees to its payroll late Friday, taking on workers from shuttered SVB Financial Group, at least for a few weeks, as i...
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 ...