Bitcoin News / Bitcoinist - 1 year ago
The cryptocurrency market has seen a decline in the value of Dogecoin (DOGE) as massive amounts of fear, uncertainty, and doubt swept across the market after Silicon Valley Bank collapsed on Friday morning as a result of a bank run and a capital cris...
Cryptocoins News / CoinJournal - 1 year ago
Circle said it failed to remove $3.3 billion from Silicon Valley Bank.
SVB is under FDIC receivership following its collapse.
USDC depegged following the news, falling 8% to hit lows of $0.91 on Saturday morning.
Circle, the blockchain payments com...
Cryptocoins News / The Cointelegraph - 1 year ago
At the time of writing, USDC had lost over 10% of its value as it traded at $0.8774, and a Circle executive envisions broader implications for business, banking and entrepreneurs without...
Cryptocoins News / The Cointelegraph - 1 year ago
Circle joined other customers and depositors in calling for the continuity of SVB in the U.S. economy. On March 10, Blockchain payment tech company and USD Coin (USDC)...
Cryptocoins News / The Cointelegraph - 1 year ago
BlockFi’s capital allocated to the money market mutual fund is not FDIC insured, however the fund doesn’t appear to be managed by Silicon Valley Bank. According to a...
Cryptocoins News / The Cointelegraph - 1 year ago
BlockFi’s capital allocated to the money market mutual fund is not FDIC insured; however, the fund doesn’t appear to be managed by Silicon Valley Bank. According to a...
by COINS NEWS - 1 year ago
According to a recent bankruptcy filing, BlockFi holds $227 million in Silicon Valley Bank. However, the bankruptcy trustee cautioned the company on Monday that these funds are not FDIC insured because they are invested in a money market mutual...
Cryptocoins News / EthereumWorldNews - 1 year ago
Silicon Valley Bank has been shut down by the California Department of Financial Protection and Innovation.The FDIC-insured crypto-friendly bank was shut down by the banking regulator due to inadequate liquidity and insolvency.Trading of the bank’s...
Bitcoin News / Bitcoin.com - 1 year ago
After Silicon Valley Bank (SVB) experienced financial turmoil, the U.S. Federal Deposit Insurance Corporation (FDIC) and the California Department of Financial Protection and Innovation closed the financial institution. Insured depositors can withdra...
Bitcoin News / Bitcoinist - 1 year ago
Another bank is in crisis; Silicon Valley Bank (SVB) has followed the financial freefall amid Federal Reserve (Fed) Chairman Jerome Powell’s hawkish macroeconomic view and tightening policies to control inflation rates.
With over 40 years in t...
Cryptocoins News / The Cointelegraph - 1 year ago
The FDIC stated that as the receiver, it had immediately transferred all insured deposits of Silicon Valley Bank to the newly created Deposit Insurance National Bank of Santa Clara (DINB)...