Senators criticize bank executives for pocketing millions while blaming cryptocurrency for failures.
Senator Lummis noted that Signature Bank’s Scott Shay mentioned digital assets 10…
Warren and AOC questioned Circle and BlockFi about banking with SVB.
Circle and BlockFi executives were questioned after the lawmakers accused SVB of…
Bank of America Sued! Did Their False Statements Cause the Collapse of SVB?
The collapse of Silicon Valley Bank (SVB), known for its crypto-friendly approach, has…
Contagion from SVB’s failure emphasises the importance of banking system resilience, according to a Fed official.
Federal Reserve Vice Chair for Supervision, Michael Barr, is set to testify…
Bloomberg: First Citizens is closing a deal with Silicon Valley Bank
Raleigh, N.C.-based First Citizens is the 30th largest bank in the U.S.,…
Billionaire Tim Draper advises firms to hold Bitcoin in the aftermath of the SVB.
Draper said cryptocurrencies are a good option to hold excess cash as…
Billionaire Tim Draper advises firms to hold Bitcoin in the aftermath of the SVB.
Draper said cryptocurrencies are a good option to hold excess cash as…
MakerDAO, a stablecoin issuer, votes to keep USDC as the primary reserve currency even after depreciation.
The decision follows a turbulent period during which USDC temporarily lost its…
Powell says the Fed is at a loss to explain the failure of SVB and asks, “How did this happen?”
In spite of the fact that Silicon Valley Bank (SVB) was under…
Even after Circle recouped money from SVB’s collapse, crypto users are redeeming USD Coin at a faster rate than buying the stablecoin.
Despite fixing a problem with deposits caught up in the collapse of…
