Browsing Tag
Silicon Valley Bank
15 posts
Digital asset exposure cited in GAO investigation of Signature Bank implosion
According to Michael Clements, the U.S. Government Accountability Office (GAO) is reviewing “large deposits from the digital asset…
Tether market cap eyes record high after regaining 65% stablecoin dominance
The market capitalization of Tether is nearly a billion dollars away from reaching a new lifetime peak while…
US politicians Warren and Ocasio-Cortez probe Circle, BlockFi on SVB relationship
Senator Elizabeth Warren and Representative Alexandria Ocasio-Cortez are questioning some of the largest depositors of the now-fallen Silicon…
Tether supply hits $80B for the first time since May 2022 — Stablecoin rivals stumble
The supply of USDT across cryptocurrency exchanges has dropped 28% in 2023, hinting at an overall decline in…
First Citizens Bank set to complete SVB takeover
The US Federal Deposit Insurance Corporation (FDIC) facilitates a purchase and assumption agreement between SVB and First Citizens…
Tim Draper: founders should keep 66% of payroll’s ‘worth of cash’ in bitcoin and crypto
American venture capital investor, Tim Draper, has advised company founders to plan and hold at least two payrolls…
Blockchain really is the answer to the current banking saga | Opinion
The views and opinions expressed here belong solely to the author and do not represent the views and…
Mysterious crypto trader quit FTX and SVB just before they collapsed
A crypto trader with an address dubbed Smartestmoney has deposited 7,868 ETH tokens (roughly $14 million) on Binance.…
Signature Bank to return crypto deposits to customers directly
On March 20, 2023, the Federal Deposit Insurance Corp. announced that Signature Bank’s related deposits would be returned…
Crypto projects raised over $4m despite US banking crisis
As the traditional banking sector is in turmoil, the crypto industry stands firm, raising over $4m through token…