Topline Roku—a hardware digital media company known for its streaming devices—held about 26% of its cash at Silicon Valley Bank Financial, according to a securities filing, as other companies have dis...
Tag: funds
US Fund & Venture Capital to Raise $100M for Two Blockchain Funds
1 A US-based digital asset fund and venture capital firm are teaming up to raise $100 million for two new blockchain-focused funds. 2 The funds will be used to invest in a range of blockchain-based te...
These Companies—Roku, Roblox, Circle And More—Held Major Funds In Silicon Valley Bank When It Crashed
Topline Roku—a hardware digital media company known for its streaming devices—held about 26% of its cash at Silicon Valley Bank Financial, according to a securities filing, as other companies have dis...
Crypto Funds Confident Of USDC Recovery Amid SVB Contagion
USDC Coin Price News: The cryptocurrency market displayed signs of recovery amid concerns of liquidity issues stemming from the failure of two US banks — Silvergate and Silicon Valley Bank. But the d...
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...
XRP Used as Solution by Blockchain Financial Service to Convert Funds During USDC Depeg
In the wake of the USDC depeg event, Austin, Texas-based blockchain financial service Reaper Financial, which focuses on acquiring and burning digital assets, has announced that it is converting the U...
USDC and DAI remain at about $0.90 following Circle’s disclosure of funds at SVB
The fallout from the collapse of Silicon Valley Bank spread overnight to the USDC stablecoin, which lost its peg to the U.S. dollar and dropped as low as $0.88. Following Circle’s disclosu...
BlockFi has $227 million in uninsured funds in Silicon Valley Bank
Crypto lender BlockFi has $227 million in “unprotected” funds in Silicon Valley Bank, according to a bankruptcy document, and may be in violation of U.S. bankruptcy law. The bank was shut down b...
Multiple Portfolio Companies Withdraw Funds from Silicon Valley Bank
Crypto venture capital firms advised their portfolio companies to pull their investments from American commercial bank Silicon Valley Bank (SVB). Specifically, five crypto-focused venture capital inve...
Silicon Valley Bank Shares Halted After Plunging 64% In Pre-Market—VC Funds Tell Firms To Withdraw Funds
Topline Shares of Silicon Valley Bank Financial Group were halted after plunging further in pre-market Friday, following measures it took to shore up its financial position Thursday, prompting some ve...
VCs urge startups to withdraw funds from Silicon Valley Bank
Venture capital firms on both sides of the Atlantic have been urging their portfolio companies to move money out of embattled lender Silicon Valley Bank, deepening fears of a run on the tech-focused b...
‘I don’t see another bank stepping in to help.’ Bill Ackman suggests government intervention to save Silicon Valley Bank parent.
“The failure of Silicon Valley Bank could destroy an important long-term driver of the economy as VC-backed companies rely on SVB for loans and holding their operating cash. If private capital can’t p...
Silicon Valley Bank Shares Drop 64% In Pre-Market As VC Funds Tell Firms To Withdraw Funds
Topline Shares of Silicon Valley Bank Financial Group plunged further in pre-market Friday, after it took measures to shore up its financial position Thursday, prompting some venture capital funds to ...
Crypto VCs ask portfolios to pull funds from Silicon Valley Bank
Crypto-focused venture capital investors have advised their portfolio companies to withdraw funds from Silicon Valley Bank. SVB Financial Group, the parent company of Silicon Valley Bank, lost more th...
Ark loads up on Coinbase stock, adds more than $20 million across two funds
Cathie Wood’s Ark Invest continues to add Coinbase shares to its funds, following up Wednesday’s additions with another estimated $20.5 million purchase yesterday. Ark Invest added ...
SVB Races to Avoid Bank Run as Funds Advise Pulling Cash
Panic spread in tech circles about the financial health of Silicon Valley Bank, a major lender to fledgling companies, as the firm said Thursday it was holding a $2.25 billion share sale after a signi...
Crypto VCs urge portfolio companies to pull funds from Silicon Valley Bank
Crypto-focused venture capital investors have advised their portfolio companies to withdraw funds from Silicon Valley Bank, which is struggling to reassure clients after moves to shore up its balance ...
Are Crypto Pension Funds A Good Idea for Managing and Investing Money?
Decentralization has been gaining momentum in the world of finance for some years now. From cryptocurrencies to blockchain technology, decentralized technologies are transforming how we manage and inv...
Biden’s proposed NASA budget for 2024 increases funds to $27.2 billion
Vice President Kamala Harris meets with NASA astronauts Shannon Walker and Joe Acaba at Kennedy Space Center in Florida during a tour on Aug. 29, 2022. Bill Ingalls / NASA President Joe Biden is seeki...
Stock market could ‘take it hard’ as expectations grow for a 6% fed funds rate
U.S. stock investors are clearly not too happy with what Federal Reserve Chairman Jerome Powell has said in the past two days. And there’s reason to think they’ll get even more dissatisfied in the wee...
Alpha Sigma, Transform Ventures Partner on New $100M Crypto-Focused Funds
“The ATH vision is to shepherd in a new era of financial and technological innovation leveraging decentralization, blockchain technology and Web3 infrastructure,” said Alpha Transform Holdings CEO and...
Tender.Fi Awards $97k Bounty to Hacker for Returning Funds
9 seconds ago | 2 mins read Defi News Using a price oracle flaw, the exploiter got away with $1.59 million worth of assets. The DeFi protocol reported that the hacker had agreed to refund all debts. W...
White hat hacker returns funds to Tender.fi for $97k bounty
The hacker responsible for exploiting the decentralized finance lending platform Tender.fi has returned the stolen funds to the platform in exchange for a bounty reward of $97,000 in ether (ETH). DeFi...
Hacker Returns Stolen Funds to DeFi Lending Platform Tender.fi
An ethical hacker has exploited the decentralized finance (DeFi) lending platform Tender.fi. The stolen funds soon returned for a bounty reward of 6% of the exploit value. In an interesting turn of ev...
Grayscale Bitcoin Fund Soars as Judges Sound Skeptical of SEC’s Arguments on ETF
Grayscale Investments for years has fruitlessly sought to convert its flagship product—the world’s largest Bitcoin fund at $14 billion—into an exchange-traded fund, most recently suing the Securities ...
Hacker returns stolen funds to Tender.fi, gets $97K bounty reward
The hacker behind the exploit of the decentralized finance (DeFi) lending platform Tender.fi has returned the stolen funds for a $97,000 bounty reward in Ether (ETH). The exploit was executed at 10:2...
10 banks that may face trouble in the wake of the SVB Financial Group debacle
As interest rates have risen, many banks have become more profitable because the spreads between what they earn on loans and investments and what they pay for funding has widened. But there are always...