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‘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...
Banks down? That is why Bitcoin was created, crypto community says
11.3.2023
Silicon Valley Bank (SVB) collapse on March 10 has sparked fear, doubt, and uncertainty (FUD) across the crypto community
Nigerian Banks Resume Dispensing Recently Demonetized Naira Banknotes
11.3.2023
According to local reports, Nigerian financial institutions have begun abiding by a Supreme Court ruling that invalidated the Central Bank of Nigeria (CBN)’s demonetization of the 1,000, 500 and 100-naira banknotes. According to the court, Nigerian residents will continue to use...
USDC depegs as Circle confirms $3.3B stuck with Silicon Valley Bank
11.3.2023
At the time of writing, USDC lost 3% of its value as it traded at $0.969, and a Circle executive envisions broader implications for business, banking and entrepreneurs without a Federal rescue plan
Circle’s USDC Endured $1B of Net Redemptions Since Silicon Valley Bank's Shutdown
11.3.2023
Stablecoin issuer Circle held an undisclosed amount of USDC’s cash reserves at failed Silicon Valley Bank
How Silvergate’s Crypto Collapse Differed From Silicon Valley Bank’s: No Bailout
10.3.2023
For all the angst this week about how troubles in the crypto industry are fueling a banking crisis, the reality, so far, is actually something else: Of the two banks that went under, the one squarely focused on crypto – Silvergate Capital – escaped the black mark of a federal bailout
Circle's exposure to U.S. banks could top $9B
10.3.2023
Circle's reserves are held in a number of banks in the United States, including Silvergate, Silicon Valley Bank, and Bank of New York (BNY) Mellon
Ethereum Shanghai upgrade could benefit liquid staking providers and cement ETH’s layer-1 dominance
10.3.2023
Ethereum’s Shanghai upgrade is set to unlock a trove of staked Ether and possibly benefit other staking protocols that offer lucrative yields
What does the Silvergate collapse mean for crypto?
10.3.2023
The recent collapse of crypto-friendly bank Silvergate will likely increase regulatory scrutiny on the ties between the crypto industry and the banking sector in the U.S
A Tale of 2 Banks: Why Silvergate and Silicon Valley Bank Collapsed
10.3.2023
Every U.S. bank is facing similar structural pressures to what drove crypto’s one-time favorite bank to the moon - then into the ground
Silicon Valley Bank shut down by California regulator
10.3.2023
The FDIC stated that as receiver, it had immediately transferred all insured deposits of Silicon Valley Bank to the newly created Deposit Insurance National Bank of Santa Clara (DINB)
Signature Bank Stock Down 12% in Volatile Action as Bank Selloff Continues
10.3.2023
SBNY shares sank as low as $64.60 at 14:45 UTC on Friday, a drop of around 28% from its opening price of just over $90
Banks Shouldn’t ‘Punish’ Crypto Industry, Republican Senators Urge
10.3.2023
A crackdown on digital assets companies is reminiscent of “choke point” targeting of gun sales, Fed Governor Jerome Powell was told
Finance Is Headed Toward Bank-Free, Decentralized Future: Bernstein
10.3.2023
Bank-free decentralized finance will be a trillion-dollar asset pool with over $40 billion in revenue by 2028, the report said
Crypto industry braces for impact with Silvergate exit
9.3.2023
Silvergate may not pose a systematic risk for the U. S. banking system, but it could raise risks related to banking concentration and introduce new challenges for venture capital firms sources claim
Expert Warns of Possible Deflationary Depression as Money Supply Contracts: ‘Pay Attention to QT and the Money Supply’
9.3.2023
During the Covid-19 pandemic, central banks such as the U.S. Federal Reserve loosened fiscal and monetary policy. Now, these same financial institutions are seemingly engaging in quantitative tightening (QT) practices. According to Nick Gerli, CEO and founder of Reventure Consulting, “the...
4 Potential Winners of the Silvergate Unwind
9.3.2023
The collapse of crypto's most visible bank could be an opportunity for stablecoins and other financial services providers
Elizabeth Warren Blames ‘Crypto Risk’ for Silvergate Bank’s Liquidation, Critics Dismiss Senator’s Claims as ‘Terribly Misinformed’
9.3.2023
After Silvergate Bank announced its voluntary liquidation, U.S. senator Elizabeth Warren is attributing the financial institution’s downfall to “crypto risk.” According to Warren, she had previously warned about Silvergate. However, some critics are dismissing Warren’s...
SWIFT moves to next phase of CBDC testing after positive results
9.3.2023
According to SWIFT, 24% of central banks will introduce a CBDC within the next couple of years
Banks with crypto services require new Anti-Money Laundering capabilities
9.3.2023
Large financial institutions are getting involved in digital assets by investing capital, time and effort into on-chain analytics solutions