Circle CEO ‘able to access’ $3.3B of USDC’s reserves at Silicon Valley Bank By Cointelegraph
[ad_1] Circle CEO and co-founder, Jeremy Allaire, confirmed that, as of March 13, the stablecoin issuer has been “able to access” its $3.3 billion of...
Silicon Valley Bank was the tip of a banking iceberg By Cointelegraph
[ad_1] Traditional financial institutions take deposits from customers and use them to make loans. But they loan out much more than what they have in...
Silicon Valley Bank collapse: How SVB stock price performed in 5 years By Cointelegraph
[ad_1] Silicon Valley Bank (SVB) has suffered a significant fall from grace following half a decade of being rated as one of the best banks...
US Fed faces internal probe over Silicon Valley Bank failure By Cointelegraph
[ad_1] The Federal Reserve is investigating the factors that led to the failure of Silicon Valley Bank — including how it supervised and regulated the...
FDIC to attempt another auction of Silicon Valley Bank: Report By Cointelegraph
[ad_1] Silicon Valley Bank (SVB) could be returning to the auction block with United States regulators taking a second attempt at finding a buyer for...
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....
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...
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...