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Ripple’s CEO assures stable financial state despite the collapse of Silicon Valley Bank
13.3.2023
Brad Garlinghouse, CEO of Ripple Labs, reveals that the company has a part of funds in Silicon Valley Bank. This announcement was made through his Tweet on Sunday. The bank’s closure on Friday has led many crypto companies to reveal their exposure to the bank. Ripple Labs is a crypto solution...
OKX-Affiliated OKCoin Pauses USD On-Ramp Due to Signature Bank’s Collapse
13.3.2023
OkCoin CEO Hong Fang tweeted that customer deposits are safe and USD withdrawals are not affected
Coinbase CEO ponders banking features after Silicon Valley Bank crisis
13.3.2023
Coinbase CEO Brian Armstrong says the exchange has previously considered adding features to become a neo-bank of sorts
Silicon Valley Bank Crisis a 'Cyprus Moment' for Bitcoin: Crypto Observers
13.3.2023
The Fed's aggressive rate hikes and balance sheet reduction have caused a historic bank failure — fashioning a real-time ad for Bitcoin self-custody, observers said
HSBC Subsidiary to Acquire Silicon Valley Bank's U.K. Unit for 1 Pound
13.3.2023
The bank said the deal is a move to strengthen it's regional presence
Silicon Valley Bank UK arm acquired by HSBC for one pound
13.3.2023
Banking giant HSBC announced that its U.K. arm is acquiring Silicon Valley Bank UK Limited (SVB UK) for one pound ($1.21)
Coinbase, Celsius and Paxos disclose funds in Signature Bank
13.3.2023
The crypto-friendly Signature Bank was a key partner for many crypto firms, some which have been voluntarily disclosing their exposure to the recently closed firm
Bank of Russia Registers Another Digital Asset Issuer
13.3.2023
The Central Bank of Russia has added another entity to its register of authorized issuers of digital financial assets. The platform, called ‘Masterchain,’ becomes the fifth ‘information system operator’ in the country that can legally tokenize traditional assets and organize their trade. Number...
‘Nobody left to bank crypto companies’ — Crypto Twitter reacts
13.3.2023
Prominent members of the crypto community have expressed uncertainty after the loss of crypto friendly banks
Biden vows to hold those responsible for SVB, Signature collapse
13.3.2023
US President Joe Biden on Twitter said he is "firmly committed" to holding those responsible for the Silicon Valley Bank and Signature Bank collapse "fully accountable."
TrueUSD Says ‘Small Number’ of Users Impacted by Signature Bank Closure
13.3.2023
Stablecoin issuer says USD funds held at Signature bank now fully backstopped by Fed
TrueUSD Says ‘Small Number’ of Users Impacted by Signature Bank Closure
13.3.2023
Stablecoin issuer says USD funds held at Signature bank now fully backstopped by Fed
USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement
13.3.2023
The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 on March 12, 2023, at 7:20 p.m. Eastern Time. The stablecoin jumped back to the $0.99 range after the U.S. Federal Reserve revealed it would bail out depositors of California’s Silicon Valley...
First Mover Asia: Silicon Valley Bank Failure Highlights Small Banks’ Vulnerability; Bitcoin Soars Past $22.5K
13.3.2023
Since September 2021, the growth in cash assets in small bank balance sheets has turned negative
USDC bounces back toward $1 peg after Fed announcement
13.3.2023
Positive developments concerning Circle's $3.3 billion worth of reserves held at Silicon Valley Bank and its new banking partners have seen USDC climb back toward its $1 peg
NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout
13.3.2023
On Sunday, the New York Department of Financial Services, or DFS, announced that it had taken possession of Signature Bank. The DFS appointed the Federal Deposit Insurance Corporation, or FDIC, as the receiver of the bank. In a joint statement, the U.S. Federal Reserve, Treasury Department,...
Circle Scrambles to Right USDC After Signature Bank Failure
13.3.2023
Circle Internet Financial’s $3.3 billion cash reserves problem was seemingly solved Sunday when federal regulators promised that depositors of failed Silicon Valley Bank would be made whole in short order. But Circle’s USDC stablecoin isn’t out of the woods
US Fed announces $25B in funding to backstop banks
13.3.2023
The Federal Reserve established a funding program for banks, making $25 billion available to eligible firms in a bid to avoid further banking liquidity issues
Breaking: Signature Bank closed by New York banking authorities
12.3.2023
The New-York-based bank, which is also known to serve a number of crypto firms, was shut down by state regulators, according to a Federal Reserve announcement
Silicon Valley Bank Depositors Will Have Access to "All" Funds Monday, Say Federal Regulators
12.3.2023
In a joint statement, federal banking and finance regulators said depositors will be made whole