After three banking giants, Silvergate Bank, Silicon Valley Bank (SVB), and Signature Bank, all collapsed within days of each other, and the Credit Suisse default insurance cost soared, fears are moun...
Tag: Spreads
Regional Bank ETFs Battered as SVB Fallout Spreads
Regional banking exchange-traded funds, often seen as safe investments as their holdings rely on mortgages and small business loans, are getting clobbered today as the closures of Silicon Valley Bank ...
Silicon Valley Bank Fails as Bank Run Contagion Spreads
Panic overtook the financial markets as Silicon Valley Bank bank-run contagion got worse. Silicon Valley Bank (SVB), one of the most proud of Silicon Valley, has been literally blown out after failing...
HSBC Rescues SVB’s U.K. Arm As Bank Collapse Fallout Spreads Beyond U.S.
Topline HSBC on Monday announced it was acquiring the U.K. arm of failed Silicon Valley Bank (SVB), throwing a much needed lifeline to the country’s tech and life sciences sectors and ending a frenzie...
Can the UK save its startups as SVB fallout spreads around the world
BOE places the UK arm of the troubled Silicon Valley Bank under insolvency. The heads of 130 technology companies in the UK believe lender’s bankruptcy represents an existential threat to the UK tech ...
From Santa Clara to Shoreditch, SVB Failure Spreads Around World
(Bloomberg) — The fallout from the collapse of Silicon Valley Bank is starting to spread around the world. Most Read from Bloomberg SVB’s UK unit is set to be declared insolvent, has already cea...
Nine out of top 10 stablecoins trading below peg as USDC contagion spreads – Tether sole survivor
Ad Nine of the top 10 stablecoins by market cap are trading below their dollar peg as the market reels from the contagion sparked by the depeg of Circle’s USDC stablecoin on March 11, according to Cry...
USDC depeg – Everything we know so far as contagion spreads from TradFi banking
Ad What we know so far about the SVB collapse and USDC/DAI depeg (updated): Crypto firm Circle reveals $3.3 billion stuck in SVB DAI/USDC depeg as stablecoin pressure continues after Silicon Valley ba...
Signature Bank Stock Plummets as Crypto Banking FUD Spreads: Details
The ongoing Fear, Uncertainty and Doubt (FUD) in the digital currency ecosystem of today is notably impacting Silvergate Bank, one of the two dominant crypto-focused financial institutions. At this ti...
Crypto Lending Firms Hit Worst As FTX Crises Spreads ⋆ ZyCrypto
Advertisement     The collapse of the FTX exchange may have been the worst sting ever for the crypto industry since it continues to cause more crypto companies to coll...
Silvergate Slashes 40% of Jobs as Further FTX Contagion Spreads
Silvergate Capital has been forced to take drastic action as a consequence of its association with FTX and its collapse. In addition to paring back its businesses, the bank has laid off roughly 40% of...
European Stocks Fall as Covid-19 Angst Spreads: Markets Wrap
(Bloomberg) — European stocks declined and equities across Asia fell on Thursday as concerns about the spread of Covid-19 from China weakened risk appetite in one of the final trading days of th...
Fear spreads as VC CEO sells $2.6m worth of AXS to Binance
Simon Kim, head of crypto venture capital firm Hashed, sold 383,000 AXS worth $2.6 million, spreading FUD on the crypto market. In a transaction processed on Dec. 26, the CEO of crypto venture capital...
Binance Spreads Holiday Cheer With Themed Gift Card And Secret Santa Events
Paris, France, 20th December, 2022, Chainwire Binance, the leading cryptocurrency exchange, is spreading holiday cheer with festive events and promotions. Last year, Binance introduced its popular Gif...
Unbanked Bridges Digital Assets and Traditional Banks; Spreads Services To More Regions Across the Globe
Cryptocurrency has the edge over traditional financial systems because it is decentralized and ultimately free from the control and bottlenecks of banking institutions, central banks, and the governme...
Binance Plots Next Chess Move as FTX Contagion Spreads
Binance continues with auditing and acquisitions following the collapse of rival exchange FTX, the contagion from which continues to spread. With the collapse of FTX, other crypto exchanges have been ...
Politicians Call for Crypto Regulations As FTX Contagion Spreads
The US and European politicians are calling out for crypto regulation. Is the FTX collapse a catalyst for the global regulations on crypto? The crypto regulations are the need of the hour after the re...
BlockFi Files for Bankruptcy as FTX Contagion Spreads
However, FTX itself filed for bankruptcy in the second week of November, after days of speculation about whether it was fully liquid. The questions were sparked by a CoinDesk report revealing that muc...
Binance Pledges Up To $2 Billion To Bail Out Distressed Crypto Firms As FTX Contagion Spreads
Changpeng Zhao, cofounder and CEO Binance, spoke at a summit in Lisbon, Portugal in early November. Piaras Ó Mídheach/Sportsfile for Web Summit via Getty Images Binance, the world’s largest cryptocurr...
This Week in Coins: Bitcoin Avoids Heavy Losses as FTX Contagion Spreads
This week in coins. Illustration by Mitchell Preffer for Decrypt. This being week two of the FTX disaster story, crypto investors can expect things to get worse before they get better. However, the tw...
‘Grayscale Discount’ Widens to Record 43% as FTX Contagion Spreads
Shares of the Grayscale Bitcoin Trust (GBTC), the world’s largest publicly traded crypto fund, are trading at a new record discount of 43% relative to the price of the underlying bitcoin (BTC). Crypto...
Alameda, FTX in the Spotlight, BTC Loses $17K as Contagion Spreads: This Week’s Recap
After the previous week, which saw the deterioration of one of the largest crypto exchanges, this one was significantly less volatile in terms of price movements but quite eventful for reports popping...
Circle Yield Reduced to Zero, Gemini Earn Paused as Genesis Contagion Spreads
Circle, Gemini, Luno and Hut 8 Mining are among major crypto companies with exposure to digital currency prime broker Genesis, which has halted customer redemptions and new loan originations within it...
FTX Token Falls 80% Despite Binance Bailout as Alameda Contagion Spreads to Bitcoin
To illustrate just how spectacular the FTT token price’s collapse has been, take a look at the following chart of the 10 biggest laggards over the past 24 hours in the “Transparent CeFi Cu...
PGA Tour Star Justin Thomas Spreads The Sun-Safety Gospel
Justin Thomas re-applies sunscreen on the third hole during the second round of the 2020 PGA … [+] Championship at TPC Harding Park. (Photo by Jamie Squire/Getty Images) Getty Images Three years...
Opening Odds, Trends, Betting Lines, Point Spreads For Every Game
Miami Dolphins quarterback Tua Tagovailoa rolls out against the Baltimore Ravens during the first … [+] half of an NFL football game, Sunday, Sept. 18, 2022, in Baltimore. (AP Photo/Julio Cortez...
Start Times, TV Channels, Live Streams, Odds, Spreads And Betting Lines For Every Game
Green Bay Packers quarterback Aaron Rodgers looks to pass during the first half of an NFL football … [+] game against the Chicago Bears Sunday, Sept. 18, 2022, in Green Bay, Wis. (AP Photo/Mike ...
Crypto Exchange Zipmex Seeks Bankruptcy Protection In Singapore As Crypto Crisis Spreads
Zipmex offers crypto trading and investment services in Thailand, Indonesia, Singapore and … [+] Australia. SOPA Images/LightRocket via Getty Images Zipmex has become the latest victim of the on...
U.S. to release 786,000 additional monkeypox vaccine doses as outbreak spreads
The U.S. will make 786,000 additional monkeypox vaccine doses available to local health departments “as soon as possible” after the Food and Drug Administration approved the shots for dist...