2023-5-12 20:20 |
Michael Clements said the GAO had reviewed “large deposits from the digital asset space” in considering whether crypto had contributed to Signature’s failure.
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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.
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.
FDIC has reportedly placed SVB funds, including those returned back by customers, under receivership
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.