BlockFi in no immediate danger, despite Silicon Valley Bank exposure: Report By Cointelegraph
[ad_1] According to a lawyer representing the bankrupt crypto lender BlockFi Inc.,the company is in a stable financial position with access to ample cash reserves,...
Shareholders file lawsuit against Silicon Valley Bank, alleging fraud: Report By Cointelegraph
[ad_1] A group of shareholders have reportedly filed a lawsuit against Silicon Valley Bank’s parent company and some of its executives amid the unfolding crisis....
Three Major Crypto Firms are Victims of Signature Bank Debacle By CoinEdition
[ad_1] Three Major Crypto Firms are Victims of Signature Bank Debacle Signature Bank (NASDAQ:) has been shut down by the New York Department of Financial...
‘Nobody left to bank crypto companies’ — Crypto Twitter reacts By Cointelegraph
[ad_1] Crypto companies could find it harder to access traditional banking partners with the loss of two major crypto-friendly banks in less than a week,...
Silicon Valley Bank failure could trigger run on US regional banks By Cointelegraph
[ad_1] Federal Reserve and Federal Deposit Insurance Corporation (FDIC) decisions concerning the future of Silicon Valley Bank (SVB) may affect regional banks across the United...
Breaking: Signature Bank closed by New York banking authorities By Cointelegraph
[ad_1] New York-based Signature Bank (NASDAQ:), another crypto-friendly bank, has been closed down by its state charter authority. The Federal Reserve explained in a March...
Circle plans to cover missing liquidity in Silicon Valley Bank with corporate funds By Cointelegraph
[ad_1] (USDC) issuer Circle plans to use “corporate resources” to cover the shortfall on its reserves following Silicon Valley Bank’s (SVB) shutdown, the company said...
Bank of London bids to acquire Silicon Valley Bank’s UK arm By Cointelegraph
[ad_1] Global clearing institution Bank of London has submitted a formal proposal to acquire the Silicon Valley Bank’s subsidiary in the United Kingdom, according to...
FDIC bidding for Silicon Valley Bank is in progress: Report By Cointelegraph
[ad_1] The United States Federal Deposit Insurance Corporation (FIDC) started an auction process on March 11 night for Silicon Valley Bank, Bloomberg reported citing unnamed...
Over 100 VCs, investors voice solidarity with Silicon Valley Bank By Cointelegraph
[ad_1] As the 40-year-old banking institution, Silicon Valley Bank (SVB), winds down operations, numerous venture capitalists (VCs) and investors joined hands and decided to cushion...