The price of Bitcoin is surging, up 19.8% in the past day after regulators and the Joe Biden Administration stepped in to assuage investors that depositors in the failed Silicon Valley Bank would be m...
Tag: Bailout
Silicon Valley Bank Bailout Ruled Out By Treasury Secretary Janet Yellen
Treasury Secretary Janet Yellen said Sunday that the federal government is not considering a bailout for Silicon Valley Bank, but is focused on addressing the needs of the failed bank’s depositors. Du...
Investors of Affected Banks Won’t Receive Bailout, says President Biden
Following the collapse of Silicon Valley Bank, US President Joe Biden assured Americans on Monday that their banking system is secure and voiced his desire for stricter regulations to avoid such disa...
Ripple’s Top Lawyer Heaps Praise on Lawmaker Over SVB Bailout
Alex Dovbnya Stuart Alderoty, Ripple’s general counsel, has taken to Twitter to praise California congressman, Ro Khanna, for his efforts in protecting depositors at Silicon Valley Bank (SVB) fo...
Biden Says Saving Silicon Valley Bank Helped Economy ‘Breathe Easier’—But Not All Experts Agree
Topline Americans can “breathe easier” knowing the nation’s financial system is “safe,” President Joe Biden said Monday morning, in Biden’s first remarks since his administration rolled out measures t...
Treasury Sec Janet Yellen Says No Government Bailout for Silicon Valley Bank
While many are concerned about what the aftermath of the collapse of Silicon Valley Bank will be in the next couple of weeks and months, Treasury Sec Janet Yellen seems unfazed. United States Treasury...
European stocks slip in early trade after U.S. bank bailout package
European stocks declined in early action on Monday, while U.S. stock futures were pointing higher after a turbulent weekend which saw another major bank collapse and a new rescue package get announced...
USDC Re-pegs After Fed’s $25B Bailout, Bitcoin Price Bounces To $22.2k
The fear, uncertainty, and doubts surrounding the second largest stablecoin USDC, issued by Circle, have significantly reduced in the past 24 hours following a bailout by the United States Federal Res...
USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement – Bitcoin News
The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 on March 12, 2023, at 7:20 p.m. Eastern Time. The stablecoin jumped back to the $0.99 range after the ...
NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout – Bitcoin News
On Sunday, the New York Department of Financial Services, or DFS, announced that it had taken possession of Signature Bank. The DFS appointed the Federal Deposit Insurance Corporation, or FDIC, as the...
No Bailout for SVB. Here’s What to Expect.
The sudden collapse of Silicon Valley Bank last week segued into an anxious weekend for depositors, as start-ups and Wall Street fretted about the regulatory response to the largest bank failure since...
Silicon Valley Bank Under FDIC Auction as Calls for Bailout Grow – Bitcoin News
The U.S. Federal Deposit Insurance Corporation (FDIC) began an auction process for Silicon Valley Bank (SVB) late Saturday night, according to reports. Final bids are due by Sunday afternoon. Unnamed ...
Silicon Valley Bank Willl Not Get a Bailout Confirms Janet Yellen
According to Reuters, U.S. Treasury Secretary Janet Yellen confirmed that the failed Silicon Valley Bank (SVB) would get help from the government but ruled out a bailout for the bank. Reacting to call...
Yellen says no government bailout while FDIC auctions SVB assets. Final bids due end of Sunday.
Silicon Valley Bank will not get a government bailout, Treasury Secretary Janet Yellen said on the news program Face the Nation Sunday. The tech industry-driven bank was shut down by regulators ...
No major bailout for Silicon Valley Bank collapse – Cryptopolitan
The collapse of Silicon Valley Bank has caused significant concern among its depositors, many of whom are small businesses that rely on access to their funds to pay bills and employ tens of thousands ...
US Treasury Secretary Rules Out Government Bailout of Silicon Valley Bank – Featured Bitcoin News
U.S. Treasury Secretary Janet Yellen has ruled out a government bailout of the collapsed Silicon Valley Bank (SVB), which was shut down by regulators on Friday. Yellen explained that the reforms put i...
Yellen Rules Out Bailout For Silicon Valley Bank
Topline The federal government will not bail out the “investors and owners” of Silicon Valley Bank, Treasury Secretary Janet Yellen said Sunday on Face The Nation, saying the situation is different fr...
U.S. Treasury Janet Yellen working on SVB collapse, not at bailout: Report
United States Treasury Secretary Janet Yellen is reportedly working with regulators to address Silicon Valley Bank collapse and protect investors, but not considering a major bailout. Yellen made the ...
Yellen says no federal bailout for Silicon Valley Bank
WILMINGTON, Del. (AP) — Treasury Secretary Janet Yellen said Sunday that the federal government would not bail out Silicon Valley Bank, but is working to help depositors who are concerned about their ...
How Silvergate’s Crypto Collapse Differed From Silicon Valley Bank’s: No Bailout
In the end, Silvergate Bank didn’t survive. But its executives were able to avoid taking government assistance. Silvergate Capital’s share price is down 83% since March 1, the day it said it was unabl...
‘Too big to fail’ is back as Bill Ackman says government should consider a Silicon Valley Bank bailout
It’s looking like 2008 for some investors in the private markets. Venture investors and tech founders are in “sheer panic” after Silicon Valley Bank, a prolific lender and important banking institutio...
Bill Ackman Says US Should Mull SVB Bailout as Possible Option
(Bloomberg) — The US government should consider a “highly dilutive” bailout of SVB Financial Group if a private capital solution can’t be provided, according to Pershing Square founder Bill Ackm...
Dogecoin Price takes a dip: Is it time to buy the dip or bailout?
Dogecoin has been one of the major cryptocurrencies to see only minor gains in recent weeks. Following a relatively strong Q4 2022, the Dogecoin price performance has been rather weak in recent days. ...
Central Banks Now Need a Bailout – Trustnodes
Central Banks are broke. They’re losing billions and even a trillion for the Federal Reserve Banks with the magic money printer suddenly requiring a taxpayer funded bailout. In the little noticed Out-...
Digital Surge secures approval for 5 year bailout plan
Australian crypto exchange Digital Surge has emerged as a rare survivor of the FTX bankruptcy saga after creditors approved a long-term rescue plan to keep the business running. Digital Surge emerges ...
Jim Cramer blasts ‘dangerous’ $4.3B bailout of crypto bank — here’s how to prepare for a total collapse of crypto confidence
Facing a wave of withdrawals from skittish investors, a crypto-friendly bank is staying solvent thanks to an unusual multibillion-dollar loan — a move Jim Cramer says should knock you off your chair. ...
Avalanche’s Amazon partnership; Silvergate’s $4.3B bailout
The biggest news in the cryptoverse for Jan. 11 saw Avalanche announce a partnership with AWS as Silvergate revealed that it received a $4.3 billion bailout from a San Francisco Bank. Meanwhile, Robin...
Silvergate received a $4.3B bailout after FTX collapse
Silvergate Bank received $4.3 billion from the San Francisco-based Federal Home Loan Bank last year, following the collapse of crypto exchange FTX, according to the firm’s Q4, 2022 flings. Silvergate’...
Tether Denies Bailout Request From Ex-FTX CEO Bankman-Fried
As investigators around the world try to gather facts about the FTX and Alameda implosion, stablecoin issuer Tether (USDT) has claimed that SBF, the CEO of FTX, requested a bailout in the billions bef...
Nexo Says It ‘Has Not Given Up’ On Bailout for Rival Crypto Lender Vauld
Nexo has denied reports that talks over the potential acquisition of troubled rival crypto lender Vauld have been terminated. In response, a person familiar with the matter tells Decrypt that any deci...
Bitcoin Miner Argo Blockchain Will Avoid Bankruptcy With $100M Bailout From Novogratz’s Galaxy Digital
Bitcoin miner Argo Blockchain (ARBK) will avoid filing for bankruptcy protection after it agreed to sell its Helios mining facility in Dickens Country, Texas, to Galaxy Digital for $65 million. The mi...
Argo Blockchain Proceeds To Avoid Bankruptcy With $100 Million Bailout
The recent turmoil in the cryptocurrency market has sent severe shockwaves to the mining industry with low crypto values and rising energy costs, creating an unstable situation for several leading min...