Breaking: Silicon Valley Bank UK arm acquired by HSBC for one pound
Global banking giant HSBC Holdings is coming to rescue the United Kingdom-based branch of the collapsed Silicon Valley Bank with a new acquisition.HSBC officially announced...
Binance US, Alameda, Voyager Digital and SEC — the ongoing court saga
Over the last year, a series of court cases have struck the crypto industry. Bankruptcy, liquidity issues and fraud have caused the industry to fall...
Biden vows to hold those responsible for SVB, Signature collapse
The President of the United States Joe Biden has vowed to hold those responsible for the failure of Silicon Valley Bank and Signature Bank while...
New York banking authorities shut down crypto-friendly Signature Bank
Key takeaways Crypto-friendly bank Signature Bank has been shut down by New York Banking authorities. The Federal Reserve said the decision was made to protect...
U.S. authorities preparing ‘material action’ to curb SVB contagion
United States authorities are working on "material action" over the weekend in an attempt to limit the ripple effect across the country's banking system after...
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 unnamed sources....
UK regulators moving “at pace” to deliver plan for tech firms hurt by SVB collapse
A plan to rescue startups and tech companies affected by the Silicon Valley Bank collapse is underway in the United Kingdom, according to multiple reports...
U.S. Treasury Janet Yellen working on SVB collapse, not at bailout: Report
United States Treasury Secretary Janet Yellen is reportedly working with regulators to address Silicon Valley Bank collapse and protect investors, but not considering a major...
How and why do stablecoins depeg?
Stablecoins are a type of cryptocurrency designed to have a stable value relative to a specific asset or a basket of assets, typically a fiat...
Bitcoin finds support at $20k and investors should keep an eye on the S&P 500 and the Fed.
Bitcoin finds support at $20k Many cryptocurrency companies had exposure to SVB Bitcoin investors should keep an eye on the S&P 500 and the Fed...