34 mins ago | 2 mins read Bitcoin News Signature Bank was closed by the state regulators on March 12. Six other U.S. bank ratings are under review to downgrade. Credits rating agency Moody’s downgrade...
Tag: Collapse
Houbi Cut Ties With Signature Bank and Silvergate Before Their Collapse (Report)
Huobi had reportedly withdrawn all its assets from Signature and Silvergate Bank prior to their demise. However, numerous other platforms and crypto-related firms got burned from their existing expos...
What next after SVB collapse? 30% chance of interest rate cuts by the summer
That escalated quickly. Silicon Valley Bank (Nasdaq: SIVB) is no more, the biggest banking casualty since Lehman Brothers shocked the world in 2008. In came the US administration, pulling out emergen...
Why More Trouble Is Coming Following SVB And Signature Bank Collapse
The sudden, sensational collapse of Silicon Valley Bank and then another big bank’s failing over the weekend have hit financial markets like an earthquake. These institutions made their particular mis...
Justice Department investigating collapse of Do Kwon’s TerraUSD stablecoin: WSJ
Ad The U.S. Justice Department has opened a probe into the collapse of Do Kwon’s TerraUSD stablecoin, according to the Wall Street Journal (WSJ). The investigation is said to target former team member...
Largest single BTC deposit hits Binance since the Luna collapse – over $500M
Quick Take Over $500 million of Bitcoin got put back onto exchanges as Bitcoin broke through $24,000. This was the highest amount of sell pressure since May 22, during the Luna collapse. This selling ...
Biden urges US citizens to trust banks amid ongoing collapse
Following the Silicon Valley Bank collapse, US President Joe Biden sought to portray calm on March 13 by assuring US citizens that the country’s financial and banking systems are secure. In a move th...
Should you buy or sell the dollar after the first collapse of a US bank in 15 years?
Turbulence once again grips financial markets ahead of the US inflation report and the Fed’s interest rate decision. News that the Federal Deposit Insurance Corporation (FDIC) moved to close Silicon V...
Impact of SVB collapse on Ripple crypto?
Ripple‘s CEO recently confirmed the exposure to SVB, Silicon Valley Bank, which collapsed on Friday 10 March. Thus, it begs the question what impact this will have on the XRP token and, more generally...
SVB collapse unlikely to hit fundraising for Southeast Asia startups: VCs
SANTA CLARA, CA, US – MARCH 13: People wait outside the Silicon Valley Bank headquarters in Santa Clara, CA, to withdraw funds after the federal government intervened upon the bank’s colla...
First Republic Bank (FRC) Losses Over 60% in Shares as Investors Worry Over Financial Strength Following SVB’s Collapse
Shares of First Republic Bank (FRC) have been in the red for the past year, shedding more than 48% in the last twelve months. The shares of American foreign exchange company First Republic Bank (NYSE:...
Justice Department investigating collapse of TerraUSD, WSJ says
The Justice Department is investigating the collapse of the TerraUSD stablecoin, The Wall Street Journal reported, citing sources. Terraform Labs and its CEO Do Hyeong Kwon are already facing ci...
US Justice Department is reportedly investigating TerraUSD (UST) collapse
FBI and SDNY are probing the collapse of Terra’s algo-stablecoin – UST The agencies investigation is on similar lines as that of the SEC, which charged Do Kwon for committing securities fraud The Unit...
Investor who called Lehman collapse predicts the next big US bank failure
The Wall Street analyst and investor who called the 2008 Lehman Brothers’ collapse has revealed what bank he thinks will hit insolvency next amid Silicon Valley Bank (SVB) closure shockwaves. “T...
Signature Bank Shareholders Lose Everything As Regulator Shuts It Down — Just Days After Silicon Valley Bank Collapse
A branch of Signature Bank is photographed, late Sunday, March 12, 2023, in New York. Regulators … [+] announced that the New York-based bank had failed and was being seized. At more than $110 b...
Stablecoins and the Collapse of SVB: A Wake-Up Call
Banks are collapsing at an alarming rate, leaving investors and stakeholders questioning the stability of stablecoins. First, Silvergate failed, and now, SVB, which held $3.3B of Circle’s funds (the i...
How ‘duration risk’ came back to bite SVB and led to rapid collapse
Following the fall of Silicon Valley Bank, a lot of terms are being thrown around on CNBC and elsewhere in discussions about what went wrong. One key term is “duration risk” along the yiel...
SVB Shareholder Files First Lawsuit Against Bank Executives Over Historic Collapse
Topline A Silicon Valley Bank shareholder filed a lawsuit Monday against the financial firm just days after it collapsed in the biggest bank failure since 2008, marking the first of what will likely b...
Democrats Blame SVB Collapse On Trump-Era Regulatory Rollbacks—But GOP Opposes Stricter Rules
Topline Democrats placed blame for the collapse of Silicon Valley Bank and Signature Bank over the weekend on looser regulations signed by former President Donald Trump, and called for Congress to rei...
Burning USDC and Minting DAI Prove to Be Popular On-Chain Activities Amid SVB Collapse
Circle Internet Financial’s USDC stablecoin saw almost $3 billion in net redemptions, defined as the total number of USDC burned minus the number of USDC minted between Friday, March 10 and press time...
Crypto investment products see largest outflows on record amid SVB collapse
Cryptocurrency investment products lost 10% of assets under management last week as institutional investors rushed for the exit during the latest episode of market volatility prompted by the Silvergat...
OKCoin pauses USD deposits following Signature Bank collapse
Crypto exchange OKCoin has halted U.S. dollar wire deposits in response to Signature Bank’s collapse while adding that the company had zero exposure to Silicon Valley Bank (SVB). OKCoin reacts to Sign...
Panic Mustn’t Be Allowed to Spread After SVB Collapse: EU Lawmaker
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Cardano Founder Brings Up Crypto Collaterals; US Bank Collapse
Cardano Price News: Cardano founder Charles Hoskinson made subtle remarks over the ongoing crisis surrounding the failure of Silicon Valley Bank and the Signature Bank. He made the comment in the wake...
BlockFi Has Cash Access for Staff, Vendors Despite SVB Collapse: Attorney
The New Jersey bankruptcy court had banned BlockFi from investing in secondary financial markets, according to a filing by U.S. Trustee Andrew Vara made on Friday. In a series of letters starting Feb....
Brad Garlinghouse Encourages Ripple Community Following SVB Collapse
In the wake of the Silicon Valley Bank collapse, Ripple CEO Brad Garlinghouse has assured investors that the company is in a strong financial position. There have been several cases of shuttered bank...
Oil and gas stocks suffer broad selloff as crude prices drop in wake of SVB collapse
The energy sector was suffering a broad selloff Monday, as worries that the recent bank failures will trigger an economic slowdown which saps demand for crude oil. The Energy Select Sector SPDR exchan...
Crypto Prices Rebound As Regulators Step In Over Silicon Valley Bank Collapse
Topline The value of tokens like bitcoin and ether rallied on Monday after hitting weeks-long lows on Friday, part of a broader rally in cryptocurrency prices as markets react to the widening fallout ...
Signature Bank collapse means crypto will ‘be forced’ to move to Wall Street: pro
Signature Bank’s sudden collapse over the weekend represents a ‘blow for crypto,’ Truflation CEO Stefan Rust said in a statement obtained by Invezz. According to Rust who runs the independent inflatio...