BlockFi, a cryptocurrency lending platform, has been warned by the bankruptcy trustee that the $227m the company has in Silicon Valley Bank (SVB) may go against bankruptcy laws. This is because these...
Tag: Bank
End of Signature Bank Stock? Silicon Valley Bank, Silvergate Bleed
Signature Bank Stock faced the aftermath of the fall of major crypto supporting banks, as many witnessed bloodbath along with Silicon Valley Bank and Silvergate (SI). Signature Bank stock (SBNY) along...
Robert Kiyosaki warns 3rd U.S. bank to crash, Peter Schiff says ‘bigger collapse’ ahead
The United States financial system has been rattled by the collapse of Silicon Valley Bank (SBV) and Silvergate Bank within 48 hours as economic uncertainty prevails. Therefore, some financial sector ...
Dow Plunges Nearly 1,500 Points In Worst Week Since June As Bank Stocks Collapse
Topline Major indexes fell on Friday as bank stocks struggled following the sudden collapse of one of Silicon Valley’s biggest lenders, which launched a failed bid to help shore up cash during t...
No Exposure to Collapsed Silicon Valley Bank
Binance CEO Changpeng ‘CZ’ Zhao said on March 10 that the exchange has no exposure to the embattled U.S. bank Silicon Valley Bank (SVB). The disclosure had become necessary after reports emerged that ...
Bitcoin: Fall of Silicon Valley Bank might be a silver lining for BTC, here’s why
USDC has seen increased swaps as more Bitcoin leaves exchanges. BTC volume reaches almost a three-month high as transactions go up. Fear, uncertainty, and doubt (FUD) about Bitcoin stemming from the c...
Elon Musk Open to the Idea of Acquiring Struggling Silicon Valley Bank
20 seconds ago | 2 mins read Bitcoin News Elon Musk stated that he is open to the concept, which is an interesting reaction. Musk has articulated his plan to make Twitter the world’s preeminent financ...
Defunct Crypto Lender BlockFi Has $227 Million in Uninsured Funds with Troubled Silicon Valley Bank
Air pollution is a significant public health concern worldwide, and recent studies have found high levels of air pollution in major cities around the world. The issue is particularly prevalent in deve...
USDC Issuer Circle Reveals It Couldn’t Withdraw $3.3 Billion From Silicon Valley Bank
Stablecoin issuer Circle disclosed late Friday that around $3.3 billion of its $40 billion USDC reserves remained at Silicon Valley Bank. This comes after the high-tech lender’s share price dropped pr...
After Twitter, Elon Musk To Buy Collapsed Silicon Valley Bank (SVB)? Here’s The Complete Truth
Silicon Valley Bank (SVB) in the United States was shut down by regulators as a result of Silvergate Capital Corp’s abrupt closure and SVB’s careless fundraising. The abrupt collapse has resulted in t...
Silicon Valley Bank ($SIVB) Shut Down By Banking Regulator
– Advertisement – Silicon Valley Bank has been shut down by the California Department of Financial Protection and Innovation. The FDIC-insured crypto-friendly bank was shut down by the ban...
VCs Agrees To Support Silicon Valley Bank Again
Venture capital firms agree to support and ask portfolio companies to resume their banking relationship with Silicon Valley Bank again if the bank is acquired and properly capitalized. Hemant Taneja, ...
Silicon Valley Bank Shut Down by Regulators Amid Financial Woes
43 seconds ago | 2 mins read Altcoin News The bank was shut down by authorities and transferred to the supervision of FDIC. On Wednesday, SVB reported that it had sold several instruments at a loss. A...
Bankrupt crypto lender BlockFi reveals $227M exposure to Silicon Valley Bank
Bankrupt crypto lender BlockFi has revealed a $227 million exposure to Silicon Valley Bank. BlockFi’s deposits are not insured by the FDIC since they were invested in a money mutual market fund. Bankr...
USDC Depegs as Circle Reveals Exposure To Struggling Silicon Valley Bank
7 seconds ago | 2 mins read Altcoin News Circle verified that $3.3 billion of the USDC reserves was lying with SVB. As of this writing, the USDC was trading at $0.8974. The price of USD Coin (USDC) dr...
Bitcoin, Ethereum Price Rising Despite Bank Woes, Stablecoins Depeg
The crypto market is witnessing a massive crisis as crypto-friendly banks Silvergate, Silicon Valley Bank, and now Signature Bank faces bank runs. The “bank run” driven by depositors withdrawing money...
Central Bank of Bolivia Selling Dollars Directly to Citizens as Devaluation Fears Rise – Economics Bitcoin News
The Central Bank of Bolivia is now selling dollars directly to citizens in order to curb what it is calling a speculative attack that has increased the demand of the population for foreign currency. T...
Silicon Valley Bank leaves USDC bleeding- Will it impact Stablecoin market?
USDC’s market cap fell from $43.56 billion to $38.9 billion, a drop of over 11%. As per Nansen, Circle burned $2.34 billion worth of USDC in the last 24 hours. USD Coin [USDC], lost its dollar peg on ...
Stocks analysis of Tesla and Bank of America
While investors are less affected by the appeal from Tesla stocks and also believe less in Bank of America following the Fed’s expressed line, on the horizon, Berkshire Hathaway could emerge as a valu...
Silicon Valley Bank Collapse Hammers Dogecoin Price Down 23%
The cryptocurrency market has seen a decline in the value of Dogecoin (DOGE) as massive amounts of fear, uncertainty, and doubt swept across the market after Silicon Valley Bank collapsed on Friday mo...
Elon Musk Open To Acquiring Collapsed Silicon Valley Bank
Twitter boss Elon Musk is open to acquiring Silicon Valley Bank (SVB), which collapsed on Friday. The billionaire revealed this in a tweet today in response to a suggestion for Twitter to acquire the ...
U.S. Lawmakers Met With Fed, FDIC to Discuss Collapse of Silicon Valley Bank: Source
“I am alarmed by the failure of Silicon Valley Bank, which marks the second largest bank failure in U.S. history,” she said in a statement. “I am closely monitoring and convening Com...
The $42bn bank run that sunk Silicon Valley Bank
One note to start: In today’s special edition of DD, we seek to help you understand why Silicon Valley Bank unravelled so suddenly, what it means, what comes next and how it could reverberate across f...
A Silicon Valley Bank short seller explains how he knew the bank was in trouble months ago
Less than an hour before the California financial regulator closed Silicon Valley Bank’s doors on Friday, short seller Dale Wettlaufer is walking me through their financials, and laying out some metri...
USDC Stablecoin and Crypto Market Go Haywire After Silicon Valley Bank Collapses
Crypto was born in the aftermath of – and, to some, in response to – the 2008 crisis. Satoshi Nakamoto’s Bitcoin paper debuted into a world where governments had just propped up the financial sy...
USDC depegs as Circle confirms $3.3B stuck with Silicon Valley Bank
Almost immediately after USD Coin (USDC) issuer Circle revealed it was not able to withdraw $3.3 billion of its $40 billion from Silicon Valley Bank (SVB), the resultant sell-off caused the price of t...
FDIC closes Silicon Valley Bank after bank fails to raise new capital
Regulators closed troubled Silicon Valley Bank after deposit outflows and a failed capital raise plunged the country’s 16th largest bank into crisis, roiling the larger lending industry. It beca...
Circle discloses $3.3B tied up at Silicon Valley Bank
On March 10, Blockchain payment technology company Circle confirmed that wires initiated on Thursday to remove balances have not yet been processed, leaving $3.3 billion of its $40 billion USDC reserv...
Elon Musk Explores the Idea of Acquiring Silicon Valley Bank
On Friday, March 10, California Banking regulators announced the shutdown of the Silicon Valley Bank (SVB) Financial Group. SVB ran into major trouble with a bank run earlier this week and is the seco...
Silicon Valley Bank (SIVB) dropped 60%: Is Recession Knocking?
Silicon Valley Bank (SIVB) shares crashed by 60% on Thursday. Can it be said that recession is on the horizon? The company recently announced its plans to raise $2 billion-plus in the capital by selli...