Silicon Valley Bank News

SkyBridge Capital, led by Anthony Scaramucci, is among the frontrunners bidding for Silicon Valley Bank’s VC arm, with a sale foreseen in the coming weeks. SVB Financial Group, once the umbrella organization for Silicon Valley Bank, is reportedly nearing the…

The USD Coin (USDC) market cap is currently at a two-year low, with analysts saying it’s yet to fully recover after depegging earlier in the year. Data from CoinGecko shows that USDC has a market value just north of $26…

A recent report by Bloomberg states that Circle, the issuer of the USDC stablecoin, emerged as a primary recipient of support from the government-backed rescue of Silicon Valley Bank (SVB). 

According to Michael Clements, the U.S. Government Accountability Office (GAO) is reviewing "large deposits from the digital asset space" to determine if cryptocurrency played a role in Signature Bank's collapse.

Senator Elizabeth Warren and Representative Alexandria Ocasio-Cortez are questioning some of the largest depositors of the now-fallen Silicon Valley Bank (SVB), including USDT issuer Circle and bankrupt BlockFi. The lawmakers are seeking information about the companies’ relationship with SVB.  The…

FDIC has reportedly placed SVB funds, including those returned back by customers, under receivership

The US Federal Deposit Insurance Corporation (FDIC) facilitates a purchase and assumption agreement between SVB and First Citizens Bank. The deal will enable the assets, loans, and deposits of SVB to be taken over by First Citizens Bank. Silicon Valley…

American venture capital investor, Tim Draper, has advised company founders to plan and hold at least two payrolls worth of cash in bitcoin (BTC) or other cryptocurrencies

The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. UBS’ decision to acquire its rival, Credit Suisse, has, of course, shaken up the financial industry once again.…

A crypto trader with an address dubbed Smartestmoney has deposited 7,868 ETH tokens (roughly $14 million) on Binance. They also withdrew $19 million from FTX before its collapse last year. Blockchain analytics platform Lookonchain has revealed that a crypto trader…

On March 20, 2023, the Federal Deposit Insurance Corp. announced that Signature Bank’s related deposits would be returned directly to the customers, contrary to the notion that the New York Community Bancorp would handle them. The Federal Deposit Insurance Corp.…

As the traditional banking sector is in turmoil, the crypto industry stands firm, raising over $4m through token sales last week

Bitcoin soars above $27,000 for the first time since last June amid a banking crisis in the U.S. There was more discussion on Silicon Valley Bank and FDIC position

The Bitcoin Fear and Greed Index is at a 16-month high, rising to 64, as traders appear to be optimistic of the coin's prospects

Onchain data shows that retailers have been accumulating bitcoin (BTC) at the fastest pace since the collapse of FTX, a cryptocurrency exchange.

According to a recent report by DappRadar, the recent US banks' saga saw NFT sales drop by close to 50%. However Despite the drop the BAYC showed dominance as others plunged.