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: Silicon
Warning Signals About Silicon Valley Bank Were All Around Us
Silicon Valley Bank now has the dubious distinction of being the second largest bank failure in the … [+] history of the United States. (Photo by NOAH BERGER / AFP) AFP via Getty Images Silicon ...
Circle reveals $3.3 billion in USDC reserves remain at insolvent Silicon Valley Bank – Cryptopolitan
Concerns are rising within the cryptocurrency industry following the revelation that $3.3 billion of the approximately $40 billion in USDC reserves remain at Silicon Valley Bank (SVB). This news comes...
DOGE value plummets amidst Silicon Valley Bank collapse and market uncertainty – Cryptopolitan
The recent collapse of Silicon Valley Bank (SVB), a crypto-friendly institution, has triggered a massive sell-off in the cryptocurrency market, causing the value of Dogecoin to drop by 21% in the last...
Jim Cramer Advised People to Buy Silicon Valley Bank Stock a Month Before its Collapse
The host of CNBC’s Mad Money has been often grilled on social media for advising people to invest in assets that turn unprofitable or vice-versa. His latest example is the notorious Silicon Valley Ban...
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...
Silicon Valley Bank Receives Overwhelming Support from Venture Capitalists
In a move that signals a vote of confidence in the future of Silicon Valley Bank, venture capital firms have agreed to support the bank and encourage their portfolio companies to resume their banking ...
Elon Musk says he’ll buy Silicon Valley and create a digital bank – Cryptopolitan
Elon Musk has always been an entrepreneur who thinks outside the box, and he recently surprised the tech and banking industries by announcing his interest in buying Silicon Valley Bank (SVB) to create...
BlockFi warned over $227m stuck in Silicon Valley Bank
BlockFi, a cryptocurrency lending platform, has been warned by the bankruptcy trustee that the $227m the company has in Silicon Valley Bank (SVB) may go against bankruptcy laws. This is because these...
End of Signature Bank Stock? Silicon Valley Bank, Silvergate Bleed
Signature Bank Stock faced the aftermath of the fall of major crypto supporting banks, as many witnessed bloodbath along with Silicon Valley Bank and Silvergate (SI). Signature Bank stock (SBNY) along...
Circle ($USDC) Has Over $3B Tied Up At Silicon Valley…
The issuer of the second-largest stablecoin Circle has stated that it held an undisclosed portion of its $9.8 billion cash reserves at the failed Silicon Valley Bank as of 17th January 2023. Circle S...
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 $40 billion USDC reserves remained at Silicon Valley Bank. This comes after the high-tech lender’s share price dropped pr...
Silicon Valley Bank’s Failure May Lead to Smaller Fed Rate Hike
The second-largest bank failure in U.S. history might help the Federal Reserve do its job of tightening credit and slowing the economy. To be sure, the sudden collapse of the Silicon Valley Bank unit ...
After Twitter, Elon Musk To Buy Collapsed Silicon Valley Bank (SVB)? Here’s The Complete Truth
Silicon Valley Bank (SVB) in the United States was shut down by regulators as a result of Silvergate Capital Corp’s abrupt closure and SVB’s careless fundraising. The abrupt collapse has resulted in t...
Silicon Valley Bank ($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...
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 ...
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...