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Justice Department Investigating TerraUSD Stablecoin Collapse: Reports
13.3.2023
The investigations follow the filing of the SEC’s civil fraud lawsuit against Terraform Labs and Do Kwon last month
Burning USDC and Minting DAI Prove to Be Popular On-Chain Activities Amid SVB Collapse
13.3.2023
Circle’s USDC stablecoin had nearly $3 billion in net redemptions since Friday, while the total supply of DAI increased by 1.2 billion tokens over the same time period
Crypto investment products see largest outflows on record amid SVB collapse
13.3.2023
Fear and trepidation spread across the crypto market last week following the high-profile collapses of Silvergate Bank and Silicon Valley Bank
Panic Mustn’t Be Allowed to Spread After SVB Collapse: EU Lawmaker
13.3.2023
Germany’s Markus Ferber said there needs to be a review of interest rate and sovereign bond exposures
Roblox Is Being Handed $150 Million By Government After Bank Collapse, Money Isn't Real
13.3.2023
A classic bank run caused Silicon Valley Bank to become the second-largest bank collapse in history. Now the Federal Reserve is promising a bailout for all of its customers, which includes everyone from small startups to major tech industry players. Roblox, the social media platform where millions...
BlockFi Has Cash Access for Staff, Vendors Despite SVB Collapse: Attorney
13.3.2023
Silicon Valley Bank collapse: How SVB stock price performed in 5 years
13.3.2023
Silicon Valley Bank was rated as one of the top banks in America for five years running prior to its closure by U.S. regulators in March 2023
Bitcoin, Ethereum Technical Analysis: BTC Back Above $22,000 as Silicon Valley Bank Depositors Are Rescued
13.3.2023
Bitcoin moved back above $22,000, as the U.S. Treasury moved to avert a regional banking crisis, following the collapse of Silicon Valley Bank. The government confirmed that it will backstop depositors’ funds, giving full access to their capital. Ethereum also moved higher on the news....
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
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."
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,...
Ripple CEO assures ‘strong financial position’ despite SVB collapse
13.3.2023
In a short tweet thread with no specifics, Garlinghouse said the SVB situation would not disrupt daily operations
Silicon Valley Bank collapse: Everything that’s happened until now
12.3.2023
Events surrounding Silicon Valley Bank are moving fast. Here is a breakdown of the major developments over the course of three days
Lawmakers Seek Answers from Fed, FDIC on Silicon Valley Bank Collapse
12.3.2023
Lawmakers in the US held a meeting with the Federal Reserve and Federal Deposit Insurance Corporation on Friday to discuss the swift and stunning collapse of Silicon Valley Bank (SVB).
Democratic US Representative Maxine Waters reportedly discussed with officials from the two federal bank...
UK regulators moving “at pace” to deliver a plan for tech firms hurt by SVB collapse
12.3.2023
An emergency plan to rescue startups and tech companies affected by the Silicon Valley Bank collapse is underway in the United Kingdom
U.S. Treasury Janet Yellen working on SVB collapse, not at bailout: Report
12.3.2023
Janet Yellen said in an interview on March 12 that U.S. regulators are working to address Silicon Valley Bank collapse, but not considering a major bailout
Rich Dad Poor Dad Author Robert Kiyosaki Warns Another Bank Is Set to Crash
12.3.2023
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says that another bank is set to crash following the collapse of Silicon Valley Bank and the voluntary liquidation of Silvergate Bank. Kiyosaki also recently said the world economy is on the verge of collapse, warning...
Bank of England Shuts Down Silicon Valley Bank’s UK Branch After US Regulators Close Parent Company
11.3.2023
After U.S. regulators shut down Silicon Valley Bank (SVB) on Friday, the Bank of England has closed the company’s U.K.-based arm. The central bank explained that it intends to place the subsidiary into bank insolvency procedures. Fallout From SVB Failure Prompts BOE to Close U.K. Branch...
‘Fiat Is Fragile’ — Silicon Valley Bank’s Collapse Sparks Finger-Pointing and Concerns of Contagion
11.3.2023
Silicon Valley Bank (SVB) has become the center of attention after its collapse prompted the U.S. Federal Deposit Insurance Corporation (FDIC) to shut the bank down on Friday. It was the largest U.S. bank failure since 2008, and various alleged catalysts have been pointed to. Some believe venture...