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Biden pledges 'no cost to the taxpayer' to shield SVB, Signature depositors
14.3.2023
While the federal government’s proactive approach to minimizing damage was appreciated, many pointed out that it’s the taxpayers that would ultimately suffer the depositors’ bailout
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
State caps or federal regulation: What's next for political crypto donations
13.3.2023
The industry isn’t having the best of its moments now, but the topic of campaign donations in crypto remains a relatively safe space for innovation
Circle taps Cross River as banking partner, expands ties with BNY
13.3.2023
Circle announced a new banking partner after Silicon Valley Bank’s failure and is expanding ties with BNY Mellon
Binance US, Alameda, Voyager Digital and SEC — the ongoing court saga
13.3.2023
Court cases involving the U.S. SEC and some major crypto industry enterprises - Voyager Digital, Alameda Research and Biance - have continued to progress throughout 2023
Nissan files 4 new web3 trademarks, trials sales in the metaverse
13.3.2023
Nissan has recently filed four new Web 3 trademarks for its Infiniti, Nismo and Nissan brands
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
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
Bank of London bids to acquire Silicon Valley Bank's UK arm
12.3.2023
The global clearing bank is leading a consortium of private equity firms seeking to purchase SVB's British arm
U.S. authorities preparing 'material action' to curb SVB contagion
12.3.2023
The White House assessed the impact of Silicon Valley Bank's failure over the weekend with a keen attention to venture capital firms and regional banks
FDIC bidding for Silicon Valley Bank is in progress: Report
12.3.2023
The FDIC has reportedly started an auction process on late Saturday for Silicon Valley Bank. Bids are open for just a few hours
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
Silicon Valley Bank failure could trigger run on U.S. regional banks
12.3.2023
A petition urging regulators to step in claims that nearly 40,000 of all depositors at Silicon Valley Bank are small businesses
Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to ‘Stand Behind USDC and Cover Any Shortfall’
12.3.2023
On Saturday, March 11, 2023, Circle Financial updated the public about its stablecoin, USDC, and noted that the stablecoin’s liquidity operations will resume normally on Monday morning in the United States. Circle said that the company’s teams would be ready on Monday to “handle...
Circle plans to cover missing liquidity in Silicon Valley Bank with corporate funds
11.3.2023
According to Circle, USDC liquidity operations will "resume as normal when banks open on Monday morning in the United States," enabling USDC redemption at 1:1 with the U.S. dollar
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
Sen. Warren calls out 'sham audits' while SVB threatens crypto bankruptcy
11.3.2023
Contrasting her statements against crypto auditors, numerous members highlighted the ongoing collapse of Silicon Valley Bank (SVB), a Federal Deposit Insurance Corporation-insured bank
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 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