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Australian Regulator Tells Banks to Report Exposure to Startups and Crypto-Related Business: Report
22.3.2023
The move comes in the wake of Silicon Valley Bank's collapse and global lender volatility, the Australian Financial Review reported
Africa-Focused Fintech Chipper Cash Weighs Possible Sale of Business
18.3.2023
One of Africa’s fintech giants, Chipper Cash, is said to be weighing the possibility of selling the business or bringing in new investors. According to the CEO of the FTX and Silicon Valley Bank-backed fintech startup, Chipper Cash had insignificant exposure to both SVB and Signature Bank....
SVB crisis: Here are the crypto firms denied exposure to troubled US banks
14.3.2023
Some of the biggest firms in crypto have denied exposure to any of the failed banks in the United States
Protocols report exposure to the $197 million Euler Finance hack
14.3.2023
Some malicious players hacked Euler Finance to steal $197 million funds in total. The hack was carried out in four different transactions for $177 million, with two more attacks that added to the concern. This was first reported by BlockSec, a blockchain security firm, and then corroborated...
BlockFi in no immediate danger, despite Silicon Valley Bank exposure: Report
13.3.2023
Christine Okike, a lawyer representing BlockFi at its bankruptcy hearing claimed that BlockFi is not in immediate danger and has sufficient funds to continue operating normally
BlockTower Capital Funds Had Exposure to Silvergate, Signature Bank
13.3.2023
Four funds with about $940 million in gross asset value had exposure to the custodians, as of May 2022
XRP Price Prediction as Ripple CEO Confirms Exposure to Silicon Valley Bank – What Does This Mean for XRP?
13.3.2023
The price of XRP has gained slightly in the past 24 hours, rising by 0.5% after the coin recovered from a significant fall this past weekend.
At $0.363344, XRP has dropped by 1.5% in a week and by 5% in the last 30 days, with the coin dragged down by the market-wide selloff following the collapse...
Ripple Had ‘Some Exposure’ to Silicon Valley Bank, Says CEO
12.3.2023
Ripple, best known for its connection to XRP, kept some capital at the failed Silicon Valley Bank
Makerdao Issues Emergency Proposal to Address $3.1B in USDC Collateral After Stablecoin Depegging Incident
11.3.2023
On March 11, 2023, the decentralized finance project Makerdao issued an emergency proposal following the USDC depegging incident that saw the stablecoin dip down to $0.877 per unit. At the time of writing, Makerdao commands $3.1 billion in USDC collateral that backs a portion of...
USDC Depeg: Circle's $43 Billion Stablecoin in the Spotlight as Silicon Valley Bank Exposure is Revealed – Here's the Latest
11.3.2023
The USD Coin (USDC) stablecoin has distanced away from its intended $1 peg following the revelation that Circle has exposure to the now-collapsed Silicon Valley Bank.
Circle, the issuer of the world’s second-largest stablecoin USDC, said in a Friday tweet that it has $3.3 billion of its...
Maker DAO files emergency proposal addressing 3.1B USDC exposure
11.3.2023
"Proposal(s) implementing the above changes are expected to be posted in the next ~12 hours or less," says Maker
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
Block.one Exits Silvergate Stake, Says Portfolio Firm Has No Exposure
9.3.2023
The Peter Thiel-backed company made a contrarian bet on Silvergate last November when its exposure to FTX’s collapse first became known
Crypto Stakeholders Say No Exposure to Shuttered Silvergate
9.3.2023
Binance, Coinbase, OKX, and Paxos have all released statements
14 Web3 marketing strategies that can increase exposure and consumer trust
7.3.2023
Leveraging the right blend of marketing strategies can not only raise a Web3 brand’s profile but also earn users’ trust
First Mover Asia: Filecoin Struggles Amid China Exposure, Cost of Subsidy Concerns
7.3.2023
A large footprint in China, which creates skepticism about data safety, and a heavy subsidy spend, means Filecoin needs more than a token rally to be sustainable
Bybit Halts US Dollar Deposits via Bank Transfer Due to Service ‘Outages’ From Partner
4.3.2023
On March 4, 2023, cryptocurrency exchange Bybit announced that it had suspended U.S. dollar deposits via bank transfer. Bybit cited “outages” from its partner as the reason for the suspension of USD deposits via bank transfers and the SWIFT network. Bybit Suspends USD Deposits, Wire...
MicroStrategy Claims Minimal Exposure as Crypto.com, Coinbase, and Gemini Pause Transactions with Silvergate Bank – What's Going On?
3.3.2023
MicroStrategy has denied any meaningful exposure to Silvergate as crypto firms who banked with the crypto bank are rushing for the exits amid concerns about its financial condition.
In a Thursday tweet, business intelligence firm MicroStrategy said their Bitcoin holdings, which consists of over...
Coinbase Severs Ties With Silvergate Bank Amidst JPMorgan Downgrade and Delayed SEC Filing
2.3.2023
On March 2, 2023, the cryptocurrency exchange Coinbase announced that, in light of recent developments, the company is “no longer accepting or initiating payments to or from Silvergate Bank.” The news follows the crypto bank’s delay of its annual 10-K filing with the U.S....
Crypto distribution is uneven among banks as prudential exposure rises: BIS report
1.3.2023
One bank accounts for almost 62% of all crypto asset prudential exposure; almost two-thirds of banks holding crypto are in the Americas