Banks down? That is why Bitcoin was created, crypto community says
Silicon Valley Bank (SVB) collapse on March 10 has sparked fear, doubt, and uncertainty (FUD) across the crypto community.
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Bitcoin Fear and Greed Index Drops to 2-Month Low
The cryptocurrency industry experienced its own set of failures last year when numerous internal companies and projects imploded, resulting in declining prices, countless bankruptcy filings, and, somewhat expectedly, lots of…
USDC Tumbles to $0.93 as Circle Reveals $3.3 Billion Held at SVB, Tether and Binance Not Exposed
Following the second-largest bank collapse in American history on Friday, market participants are worried about which firms might be caught up in the contagion surrounding Silicon Valley Bank (SVB). Here’s…
USDC depegs as Circle confirms $3.3B stuck with Silicon Valley Bank
At the time of writing, USDC lost 3% of its value as it traded at $0.969, and a Circle executive envisions broader implications for business, banking and entrepreneurs without a…
Circle’s exposure to U.S. banks could top $9B
Circle's reserves are held in a number of banks in the United States, including Silvergate, Silicon Valley Bank, and Bank of New York (BNY) Mellon.
What does the Silvergate collapse mean for crypto?
The recent collapse of crypto-friendly bank Silvergate will likely increase regulatory scrutiny on the ties between the crypto industry and the banking sector in the U.S.
Silicon Valley Bank shut down by California regulator
The FDIC stated that as receiver, it had immediately transferred all insured deposits of Silicon Valley Bank to the newly created Deposit Insurance National Bank of Santa Clara (DINB).
Silvergate Capital Corporation will ‘voluntarily liquidate’ Silvergate Bank
The company claimed that the bank's voluntary liquidation is its best path forward due to recent industry and regulatory developments.
Gemini’s banking relationship with JPMorgan ‘remains intact’
In a brief and straightforward message, crypto exchange Gemini denied reports and said its banking relationship with JPMorgan remains intact.
Bybit halts USD bank transfers citing partner outages
Dubai-based Bybit is the latest crypto exchange to suspend USD wire transfers claiming partner disruptions.
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