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Bitcoin market cap flips tech giant Meta, widens gap on Visa
14.3.2023
BTC’s market cap has climbed to the 11th spot amongst top assets by market cap and now sits behind electric vehicle maker Tesla
Debtors saved over $100M using de-pegged stablecoins to repay loans
14.3.2023
Debtors jumped on the opportunity to grab a discount on their loan repayments when USDC and DAI de-pegged from the dollar
HSBC Acquires Silicon Valley Bank UK — Sale Facilitated by Government, Bank of England
14.3.2023
The British government and the central bank, the Bank of England, have facilitated a private sale of Silicon Valley Bank UK to HSBC, according to Chancellor of the Exchequer Jeremy Hunt. He stressed that “Deposits will be protected, with no taxpayer support.” British Government Announces...
US Fed faces internal probe over Silicon Valley Bank failure
14.3.2023
Federal Reserve chair Jerome Powell said a "careful and thoughtful" review is needed to understand how the bank collapsed under its watch
Goldman Sachs Now Expects No Rate Hike in March Due to Stress in US Banking System
14.3.2023
Goldman Sachs has revised its U.S. interest rate forecast due to “stress in the banking system.” The global investment bank no longer expects the Federal Reserve to raise interest rates at its Federal Open Market Committee (FOMC) meeting in March after the central bank announced...
FDIC to attempt another auction of Silicon Valley Bank: Report
14.3.2023
Regulators are planning another auction for Silicon Valley Bank after the previous attempt to find a new owner failed
Robert Kiyosaki Warns of ‘Crash Landing Ahead’ as Bailouts Begin — Advises Buying More Bitcoin
14.3.2023
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has reiterated his bitcoin, gold, and silver recommendation. Emphasizing that government bailouts have begun following the collapses of Silicon Valley Bank and Signature Bank, Kiyosaki warned that the Fed will inject...
Banking Crisis Won’t Kill Crypto-Banking Despite Short-Term Pain
14.3.2023
From alternative banks to on-chain banking, crypto banking still has plenty of options, experts say
Bitcoin Spike to $24.5K Stemmed From Regulators' Bank Interventions, Binance Stablecoin Conversion, Investor Hopes for Fed Dovishness
14.3.2023
Investment banking giant Goldman Sachs analysts have predicted that the U.S. central bank will not raise interest rates at its next FOMC meeting on March 22, according to a report
USDC depegged, but it's not going to default
13.3.2023
USD Coin is going to survive Silicon Valley Bank’s collapse. But it should inspire advocates of cryptocurrency to prepare for future systemic shocks
Bitcoin Was Built Was for This Moment
13.3.2023
Amid a U.S. banking crisis, value is flowing into bitcoin. Is this the beginning of the “Great Reset”? investor and author Tatiana Koffman asks
FDIC Planning to Try Auctioning Silicon Valley Bank Again: WSJ
13.3.2023
The designation of SVB’s failure as a potential systemic threat gives the FDIC more options to sell the bank
U.S. Fed’s Supervision Chief Investigating What Happened With Silicon Valley Bank
13.3.2023
Michael Barr, the vice chairman responsible for bank supervision and regulation at the U.S. Federal Reserve, is examining how the regulated Silicon Valley Bank met with its rapid collapse last week
USDC Crisis Averted? Federal Regulators Offer Reassurance to Silicon Valley Bank Depositors, Ensuring Access to Funds
13.3.2023
The popular stablecoin USDC has regained its $1 peg price after regulators in the US assured that depositors in Silicon Valley Bank (SVB) can access their money today.
The assurance from the government means that all Silicon Valley Bank depositors will be made whole, despite the bank’s collapse...
Silicon Valley Bank and Signature Bank Reignite ‘Moral Hazard’ Dilemma Bitcoin Was Designed to End
13.3.2023
A debate from the 2008 financial crisis resurfaces as the FDIC intervenes to help two troubled institutions with crypto connections, says CoinDesk's David Z. Morris
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
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
US regulators shut down Signature Bank despite 'no insolvency': Report
13.3.2023
"Regulators wanted to send a very strong anti-crypto message,” said former House of Representatives member and Signature Bank board member Barney Frank
Shareholders file lawsuit against Silicon Valley Bank, alleging fraud: Report
13.3.2023
The class action suit was filed against Silicon Valley Bank, chief executive officer Greg Becker, and chief financial officer Daniel Beck
Another Bank Down: Crypto-Friendly Signature Bank Closed Over Systemic Risk Concerns – What Does This Mean for Crypto?
13.3.2023
Yet another crypto-friendly bank has gone down with the collapse of New York-based Signature Bank. But according to the industry, crypto now cannot be stopped....
Read More: Another Bank Down: Crypto-Friendly Signature Bank Closed Over Systemic Risk Concerns – What Does This Mean for Crypto?