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Cryptocurrency

Silicon Valley Bank collapse: Everything that’s happened until now

Events surrounding Silicon Valley Bank are moving fast. Here is a breakdown of the major developments over the course of three days. Source link...
Cryptocurrency

FDIC bidding for Silicon Valley Bank is in progress: Report

The United States Federal Deposit Insurance Corporation (FIDC) started an auction process on March 11 night for Silicon Valley Bank, Bloomberg reported citing...
Cryptocurrency

South Korea launches ‘Metaverse Fund’ to expedite domestic initiatives

While some global economies got distracted by the commotion around price instability and ecosystem collapses in crypto, South Korea doubled down on the...
Cryptocurrency

Fix mistake in ‘48 hours’ or face ‘destruction’

Billionaire Bill Ackman has urged the United States government to “guarantee” all deposits held by Silicon Valley Bank (SVB) within the next “48...
Cryptocurrency

Silicon Valley Bank’s UK branch shut down by Bank of England

The Bank of England (BoE) has halted the operations of Silicon Valley Bank’s U.K. branch (SVB UK), stating that it has a “limited...
Cryptocurrency

Circle plans to cover missing liquidity in Silicon Valley Bank with corporate funds

USD Coin (USDC) issuer Circle plans to use "corporate resources" to cover the shortfall on its reserves following Silicon Valley Bank's shutdown, said...
Cryptocurrency

Banks down? That is why Bitcoin was created, crypto community says

Silicon Valley Bank (SVB) collapse on March 10 has sparked fear, doubt, and uncertainty (FUD) across the crypto community, leading many to come...
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