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: Exposure
Argo Blockchain Reports Zero Exposure To SVB And Silvergate Bank, Here’s Why
In a recent tweet, Argo Blockchain PLC revealed that it has no exposure to the shuttered SVB and Silvergate banks. It also shared a post responding to the bank issues, declaring that neither the Argo ...
Cryptocurrency Firms Deny Exposure to Troubled US Banks
In recent years, the cryptocurrency industry has seen significant growth, with new exchanges, wallets, and other services popping up almost daily. However, the industry has also faced numerous challen...
Coinbase, Paxos Disclose Exposure to Failed Signature Bank
Signature Bank emerged late Sunday as the latest institution to collapse amid a series of bank failures, and multiple crypto companies took to Twitter to declare whether they were affected by the gove...
Mawson Infrastructure Group Inc. Confirms No Exposure to Silvergate Capital and SVB, Transfers All Assets Away from Signature
SHARON, Pa.–(BUSINESS WIRE)–Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson” or the “Company”), a digital infrastructure provider, communicates to the market that it doesn’t have any historica...
XRP News: Almost 1 Billion XRP Moved Amid Ripple CEO’s SVB Exposure Talks
XRP News: Ripple’s native token, XRP price hasn’t moved much over the past week while the biggest digital assets like Bitcoin (BTC) and Ethereum (ETH) prices have registered a remarkable recovery. How...
Protocols report exposure to the $197 million Euler Finance hack
Some malicious players hacked Euler Finance to steal $197 million funds in total. The hack was carried out in four different transactions for $177 million, with two more attacks that added to the conc...
Ripple Reassures Investors Over Its Financial Strength Despite Having Exposure To Silicon Valley Bank ⋆ ZyCrypto
Advertisement     Ripple CEO Brad Garlinghouse on Sunday disclosed exposure to Silicon Valley Bank. While Garlinghouse declined to say how much capital was held at the...
Ripple in ‘Strong Financial Position’ despite SVB Exposure, CEO Says
Garlinghouse noted that financial systems are broken given their high susceptibility to rumors as evidenced by the current banking crisis. In a March 12 Twitter thread to his 700,000 followers, Rippl...
BlockFi in no immediate danger, despite Silicon Valley Bank exposure: Report
According to a lawyer representing the bankrupt crypto lender BlockFi Inc.,the company is in a stable financial position with access to ample cash reserves, despite having over $200 million in exposur...
BlockTower Capital Funds Had Exposure to Silvergate, Signature Bank
According to the Form ADV Filing dated May 11, 2022, the BlockTower Blue Signum SPV fund, which had about $4.6 million in gross asset value at the time of the filing, used Silvergate Bank as its sole ...
Who Has Exposure to SVB and Signature Bank? A Closer Look
Silicon Valley Bank and the crypto-friendly – Signature Bank – disclosed operational difficulties and were closed down by regulators. While some expect the collapse to prompt a domino effect, numerous...
Coinbase Reveals $240M Exposure to Closed Signature Bank
Exchange News Paxos disclosed a $250 million holding at Signature Bank. Coinbase said that it anticipates a complete recovery of the monies. Many cryptocurrency firms announced on Twitter if they were...
Circle Has $3.3B SIVB Exposure, Crypto Daily TV 13/3/2023 $USDC
In Todays Headline TV CryptoDaily News: BTC rises on govt. plan to protect all SVB depositors. The price of bitcoin rose above $21,400 after the Washington Post reported that U.S. federal authorities ...
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...
Ripple CEO Assures Investors: We’re Financially Strong Despite SVB Exposure
Ripple CEO Brad Garlinghouse took to Twitter to address concerns about the company’s exposure to Silicon Valley Bank (SVB), which was recently shut down by regulators. Garlinghouse reassured investors...
Ripple and XRP Whales Move Nearly 1B Tokens After SVB Exposure
The recent slew of whale transactions has raised questions, especially considering the situations with Silvergate and Silicon Valley Bank. Ripple and XRP whale addresses recently moved nearly 1 billio...
Ripple Has Exposure to SVB: CEO
Alex Dovbnya Ripple CEO Brad Garlinghouse clarified the company’s position on its exposure to Silicon Valley Bank (SVB), confirming that his company had some exposure to SVB as a banking partner...
Brad Says “Ripple Remains in Strong Financial Position” Despite SVB Exposure
Ripple CEO Confirms SVB Exposure as FDIC Affirms It Would Cover All Deposits. Over the weekend, the blockchain payments based in Silicon Valley faced questions over whether it had exposure to the coll...
USDC Recouping its Lost Peg, Suffers due to SVB Exposure
Due to SVB exposure, USDC lost its peg but soon recoiled to the $1 peg after the issuer pledged to cover losses. Circle Internet Financial Ltd. held $3.3 billion in reserves in the second-largest bank...
Ripple discloses exposure to SVB; not caused business operations disruption
While the future of Silicon Valley Bank (SVB) is still being decided, another crypto player has declared exposure to the failed bank. And, this time around the firm in the headlines is Ripple – a popu...
Ripple’s CTO Guarantees Update on SVB Exposure: Details
Ripple CTO David Schwartz, in response to questions on whether the company had exposure to the collapsed SVB, says an official statement will soon be issued. He refrains from saying anything until a s...
XRP Community Awaiting Ripple’s Answers on Failed Silicon Valley Bank Exposure
Alex Dovbnya Ripple’s potential exposure to the failed Silicon Valley Bank (SVB) has left the XRP community divided and anxious for a statement from the San Francisco-based company The XRP commu...
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...
MakerDAO launches emergency proposal to limit USDC exposure
MakerDAO’s risk unit issued an emergency proposal to its governance community following the depegging of the USDC stablecoin after the collapse of Silicon Valley Bank. Maker is the DeFi lending ...
Maker DAO files emergency proposal addressing 3.1B USDC exposure
According to a forum post from Maker DAO, issuer of the U.S. dollar-pegged DAI stablecoin, on Mar. 11, the firm requested an “urgent executive proposal to mitigate risks to the protocol.” ...
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 ...
Circle’s USDC Reserve Exposure and Potential Risks
Circle is one of the largest issuers of stablecoins, with USDC being the second-largest stablecoin in circulation. As of January 31, 2022, the circulating supply of USDC was $42 billion. Stablecoins a...
USDC Depegs Below $0.90, Circle Confirms Exposure to SVB
Crypto investors have flocked to redeem their USD Coin (USDC) holdings after its issuer Circle revealed it held $3.3 billion of its reserves at the failed Silicon Valley Bank (SVB). Concerns about USD...
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...