Ripple chief executive Brad Garlinghouse says his company remains financially robust despite its exposure to the now-collapsed Silicon Valley Bank (SVB). Garlinghouse says that SVB was a banking partn...
Tag: Collapsed
Who Will Fill the Void Created By Three Collapsed Banks Now?
Eminent crypto community members believe that other banks will fill the space created by the US-based bank firms. Signature Bank was closed by the New York regulators on Sunday. Last week, social medi...
Silicon Valley Bank collapsed. Here are the companies affected
Silicon Valley Bank (SVB) took center stage as reports revealed that the bank had shut down, sparking widespread panic. The crypto scene took a hit as well, compounding the already existing fear among...
Circle partners with Cross River as other banks collapsed
Circle has partnered with Cross River as regulators shut down Silicon Valley Bank and Signature. The partnership ensures that USDC maintains its 1:1 peg to the US dollar. Circle, one of the largest st...
HSBC buys UK arm of collapsed Silicon Valley Bank for £1
United Kingdom regulators have announced a resolution to protect creditors of the region’s subsidiary of the collapsed Carlifornia-based lender Silicon Valley Bank (SBV). Under a transaction facilita...
These 10 major companies disclosed exposure to collapsed Silicon Valley Bank
After the recent shutdown of Silicon Valley Bank (SVB) by the California Department of Financial Protection and Innovation, which has shaken the United States financial system, multiple large companie...
XRP News: Ripple Funds Stuck In Collapsed Silicon Valley Bank? Garlinghouse Replies
XRP News: Amid an increasing wave of uncertainty triggered due to the collapse of the United States based crypto friendly banks, Ripple Labs CEO, Brad Garlinghouse decided to address rumors building a...
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 ...
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...
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 ...
Singapore Probes Do Kwon’s Terraform Labs Amid Claims of Laundering $100M Since the Project Collapsed ⋆ ZyCrypto
Advertisement     Singapore maintains that the crypto fugitive is not in the country. The SEC sued Kwon and his companies last month, accusing him of money laundering....
Do Kwon, founder of collapsed Terra stablecoin, charged with fraud by U.S. securities regulator
The U.S. Securities and Exchange Commission (SEC) charged Singapore-based Terraform Labs and its chief Kwon Do-hyung with defrauding investors through “a multi-billion dollar crypto asset securities f...
Wholesale egg prices have ‘collapsed’ from record highs in December
Egg shelves in New York on Jan. 21, 2023 with a note apologizing to customers for the price increase. Fatih Aktas/Anadolu Agency via Getty Images Wholesale egg prices have cratered in recent weeks fro...
FTX Claims Hackers Stole $415 Million From The Collapsed Crypto Exchange
FTX disintegrated in November last year which then led to a cascade of events that exacerbated the already struggling crypto market. The failed exchange is again hogging the headlines as FTX reports m...
Bitcoin has now recovered all its losses since FTX collapsed
A Bitcoin logo inside a BitBase cryptocurrency exchange in Barcelona, Spain, on Monday, May 16, 2022. Angel Garcia | Bloomberg | Getty Images Bitcoin has held steady above $21,000 for the last two day...
FTX Ex-President to Share What He Knew About the Collapsed Exchange “In Time” ⋆ ZyCrypto
Advertisement     Brett Harrison, the former president of the crypto exchange FTX U.S. plans on spilling the beans on the exchange’s operations soon. The former execut...
Global PC shipments collapsed 28% in Q4: Gartner
The pain in the PC industry is only getting worse, as sales continue to decline after explosive growth during the height of the pandemic. According to research firm Gartner, worldwide PC shipments dec...
Sam Bankman-Fried’s Lawyers Say $5,000,000,000 in Assets Now Recovered From Collapsed Crypto Exchange: Report
Sam Bankman-Fried’s attorneys are revealing that billions of dollars worth of liquid assets has been recovered from bankrupt crypto exchange FTX. According to a new report by CNBC, lawyers representin...
Bahamas Seizes Digital Assets Worth Over $3.5 Billion From Collapsed Crypto Exchange FTX
– Advertisement – The Securities Commission of the Bahamas has revealed that it seized digital assets worth more than $3.5 billion from the collapsed crypto exchange FTX. The regulator exp...
Bahamas Seizes Digital Assets Worth Over $3.5 Billion From Collapsed Crypto Exchange FTX – Regulation Bitcoin News
The Securities Commission of the Bahamas has revealed that it seized digital assets worth more than $3.5 billion from the collapsed crypto exchange FTX. The regulator explained that the cryptocurrenci...
Five Bitcoin Wallets Linked to Collapsed Crypto Exchange Mysteriously Awaken After Years of Inactivity: On-Chain Data
Five Bitcoin wallets associated with the now-defunct crypto exchange QuadrigaCX moved 104 Bitcoin (BTC) worth $1.75 million for the first time in years, according to an on-chain researcher. Pseudonymo...
JD Sports shares collapsed in 2022: Is it a buy in 2023?
JD Sports (LON: JD) share price had a tough performance in 2022 as the sports and fashion business struggled. The stock plunged by more than 43% in 2023, making it one of its worst years on record. So...
FTT Breaks $1 Support for the First Time Since FTX Collapsed, Token Struggles With Dwindling Trade Volume – Altcoins Bitcoin News
Despite FTX’s collapse last month, the trading platform’s crypto token FTT had managed to not plummet all the way down to zero, and surprisingly it hovered below the $2 per unit region after Nov. 12, ...
Russia’s Oil Exports Collapsed Since G-7 Sanctions Began
(Bloomberg) — Russia’s seaborne crude shipments collapsed in the first full week of Group of Seven sanctions targeting Moscow’s petroleum revenues, a potential source of alarm for governments ar...
Bahamas Told Bankman-Fried to Mint New Crypto as FTX Collapsed, Lawyers Say
(Bloomberg) — Bahamas government officials worked closely with Sam Bankman-Fried and tried to help him regain access to key computer systems of bankrupt FTX Trading, lawyers for FTX said in a co...
Decentralized Finance Protocols Flounder as Value Locked in Defi Shed More Than 25% Since FTX Collapsed – Coinotizia
On December 12, 2022, the total value locked (TVL) in decentralized finance (defi) has been range bound after falling 25.5% from $55.94 billion on Nov. 5, to today’s $41.67 billion. Moreover, during t...
Decentralized Finance Protocols Flounder as Value Locked in Defi Shed More Than 25% Since FTX Collapsed – Defi Bitcoin News
On December 12, 2022, the total value locked (TVL) in decentralized finance (defi) has been range bound after falling 25.5% from $55.94 billion on Nov. 5, to today’s $41.67 billion. Moreover, during t...
An Obscure Bank Found Its Key to Success. Then FTX Collapsed
(Bloomberg) — Silvergate Capital Corp. was dealing with the same problem many small US banks face: How do you differentiate yourself when larger competitors do everything you do, only better? Mo...
Americans Have Lost $6.8 Trillion This Year As Stocks Crashed, Housing Market Collapsed And Savings Dwindled
Topline As the Federal Reserve works to combat rising inflation by slowing down the economy, the wealth of American households has evaporated—collapsing by more than $6.8 trillion this year as America...
Collapsed FTX Sought $100M Sponsorship Deal With Taylor Swift: Report
Known for its numerous high-profile partnership agreements with celebrities and sports stars, the now-bankrupt crypto exchange FTX reached the late stages of negotiating a sponsorship deal worth more ...
Galaxy Digital To Acquire Crypto Asset Self-Custody Platform GK8 From Collapsed Lender Celsius
Crypto asset management firm Galaxy Digital is preparing to acquire self-custody platform GK8 from Celsius, a digital asset lender that collapsed earlier this year. According to a new press release, G...