2023-4-2 12:21 |
FDIC has reportedly placed SVB funds, including those returned back by customers, under receivership
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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.
2023-3-11 09:46 | |
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Silvergate Bank had a really rough week, to the point where a not-insignificant number of people were waiting for the Federal Deposit Insurance Corporation (FDIC) to announce the bank had entered receivership after close of business Friday.
2023-3-8 02:52 | |
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AI startup Humane launched the wearable virtual assistant AI Pin that is embedded with technology from OpenAI and cloud computing services from Microsoft.
According to a Bloomberg report, other major depositors included Silicon Valley Bank, SVB Financial Group, biotechnology research company Altos Labs and China-based firm Kanzhun.
Michael Clements said the GAO had reviewed “large deposits from the digital asset space” in considering whether crypto had contributed to Signature’s failure.
The second-largest crypto exchange, Coinbase, is still progressing despite the US Securities and Exchange Commission’s enforcement action against it. As such, a Ripple board member and an angel investor at PartyDAO, Asheesh Birla, predict it might offer crypto-enabled banking services.
The day after Silicon Valley Bank collapsed, the number of active NFT traders dropped to its lowest point since November 2021.
In a short tweet thread with no specifics, Garlinghouse said the SVB situation would not disrupt daily operations.