Tag: Valley
Silicon Valley Bank collapse: Everything that’s happened until now
Events surrounding Silicon Valley Bank are moving fast. Here is a breakdown of the major developments over t [...]
Bitcoin Rises on Report Government Weighing Plan to Protect All Silicon Valley Bank Depositors
Bitcoin Rises on Report Government Weighing Plan to Protect All Silicon Valley Bank Depositors
www.coindesk.com [...]
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 [...]
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 [...]
UK to help tech firms after Silicon Valley Bank collapse
Tech firms caught up in bank collapse will have cashflow needs met, the government says.
www.bbc.co.uk [...]
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 [...]
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 [...]
Silicon Valley Bank’s UK branch shut down by Bank of England
The Bank of England (BoE) has halted the operations of Silicon Valley Bank’s U.K. branch (SVB UK), stating that it has a “limited presence” in the Uni [...]
Silicon Valley Bank down, USDC depegged, FTX billed $34M in Jan
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Silicon Valley Bank shut down by California regulator, holding over $5 billion for prominent crypto VCs
Sili [...]
Circle plans to cover missing liquidity in Silicon Valley Bank with corporate funds
USD Coin (USDC) issuer Circle plans to use "corporate resources" to cover the shortfall on its reserves following Silicon Valley Bank's shutdown, said [...]
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 clos [...]
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 gove [...]
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 ( [...]
Circle discloses $3.3B tied up at Silicon Valley Bank
On March 10, Blockchain payment technology company Circle confirmed that wires initiated on Thursday to remove balances have not yet been processed, l [...]
Circle Confirms $3.3B of USDC's Cash Reserves Stuck at Failed Silicon Valley Bank
Silicon Valley Bank, one of the reserve banking partner for Circle's USDC stablecoin, was shut down by regulators on Friday.
www.coindesk.com [...]