Category: Crypto News
Bank of London bids to acquire Silicon Valley Bank’s UK arm
Global clearing institution Bank of London has submitted a formal proposal to acquire the Silicon Valley Bank's subsidiary in the United Kingdom, acco [...]
USDC Volatility Lifts Bitcoin’s Coinbase Premium to 3-Year High
"When news broke that Circle's funds were stuck in Silicon Valley Bank, users rushed to redeem their USDC for USD," Ignas said. "On Coinbase, users co [...]
U.S. authorities preparing ‘material action’ to curb SVB contagion
United States authorities are working on "material action" over the weekend in an attempt to limit the ripple effect across the country's banking syst [...]
FDIC bidding for Silicon Valley Bank is in progress: Report
The United States Federal Deposit Insurance Corporation (FIDC) started an auction process on March 11 night for Silicon Valley Bank, Bloomberg reporte [...]
How blockchain technology revolutionizes digital ownership?
Nonfungible tokens (NFTs) prove ownership by creating a unique digital certificate for a specific asset. A decentralized digital ledger that keeps tr [...]
Yellen Says No to SVB Bailout, but Says Government Is Working to Help Depositors
Yellen sought to ease concerns that the bank’s collapse could lead to a domino effect.
www.coindesk.com [...]
Watch these 5 cryptocurrencies for a potential price rebound next week
Traders dumped risky assets following the crisis and failure of Silicon Valley Bank (SVB). The S&P 500 Index plunged 4.55% while Bitcoin (BTC) is [...]
UK regulators moving “at pace” to deliver a plan for tech firms hurt by SVB collapse
A plan to rescue startups and tech companies affected by the Silicon Valley Bank collapse is underway in the United Kingdom, according to multiple rep [...]
U.S. Treasury Janet Yellen working on SVB collapse, not at bailout: Report
United States Treasury Secretary Janet Yellen is reportedly working with regulators to address Silicon Valley Bank collapse and protect investors, but [...]
How and why do stablecoins depeg?
Stablecoins are a type of cryptocurrency designed to have a stable value relative to a specific asset or a basket of assets, typically a fiat currency [...]
South Korea launches Metaverse Fund to expedite domestic initiatives
While some global economies got distracted by the commotion around price instability and ecosystem collapses in crypto, South Korea doubled down on th [...]
Over 100 VCs, investors voice solidarity with Silicon Valley Bank
As the 40-year-old banking institution, Silicon Valley Bank (SVB), winds down operation, numerous venture capitalists and investors joined hands and d [...]
Fix mistake in ‘48 hours’ or face ‘destruction’
Billionaire Bill Ackman has urged the United States government to “guarantee” all deposits held by Silicon Valley Bank (SVB) within the next “48 hours [...]
Do Kwon had the right idea, banks are risk to fiat-backed stablecoins: CZ
The death spiral of the Terra (LUNA) and TerraUSD (UST) ecosystem served as a catalyst to the 2022 bear market — causing losses in the millions, damag [...]
Silicon Valley Bank failure could trigger run on U.S. regional banks
Federal Reserve and Federal Deposit Insurance Corporation (FDIC) decisions concerning the future of Silicon Valley Bank may affect regional banks acro [...]