Silicon Valley Bank

Silicon Valley Bank

Policy

U.S. Lawmakers Met With Fed, FDIC to Discuss Collapse of Silicon Valley Bank: Source

Rep. Maxine Waters convened meetings with federal bank regulators in the wake of the bank's collapse.

Rep. Maxine Waters (Alex Wong/Getty Images)

Markets

USDC Stablecoin Depegs, Crypto Market Goes Haywire After Silicon Valley Bank Collapses

USDC's normally stable price sank to 87 cents from $1 while Ethereum gas fees soared hours after the crypto-tied bank failed.

(DALL-E/CoinDesk)

Finance

Circle Confirms $3.3B of USDC's Cash Reserves Stuck at Failed Silicon Valley Bank

Silicon Valley Bank, one of the reserve banking partners for Circle's USDC stablecoin, was shut down by regulators on Friday.

Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)

Finance

USDC Issuer Circle Says It 'Awaits Clarity' From FDIC on Silicon Valley Bank Collapse

The stablecoin issuer declined to state how much cash is tied up at the collapsed financial institution.

Jeremy Allaire, Co-Founder, Chairman and CEO, Circle (CoinDesk)

Opinion

Who Failed Silicon Valley Bank Depositors?

Should we point fingers at Silicon Valley Bank, the Federal Reserve, the banking system, crypto or the depositors themselves?

Where's George Bailey when you really need him? (RKO Radio Picture/Getty Images)

Finance

Crypto VC Firm Pantera Used Silicon Valley Bank as a Custodian

A regulatory filing shows the shuttered bank as one of three custodians for Pantera’s funds.

Pantera Capital founder and CEO Dan Morehead (Shutterstock/CoinDesk)

Finance

DeFi Protocol Curve’s $500M Stablecoin Pool Hammered as Traders Flee USDC

The collapse of Silicon Valley Bank is causing turmoil in crypto stablecoin markets.

Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)

Tech

How Silvergate’s Crypto Collapse Differed From Silicon Valley Bank’s: No Bailout

A deep dive into regulatory filings shows how Silvergate Bank's collapse was, in a strange way, the ideal scenario for a failing institution. Sure, shareholders got wiped out, but depositors are made whole and the Federal Deposit Insurance Corp. isn't putting in a dime.

Silvergate Bank collapsed in 2023. (Will Foxley/CoinDesk)

Videos

Silicon Valley Bank Rocks Crypto and Equity Markets Following February Jobs Report

Bitcoin (BTC) breached below the $20,000 level as crypto investors digest the recent latest developments of Silvergate Bank winding down operations and Silicon Valley Bank being shut down by the California Department of Financial Protection and Innovation.

CoinDesk placeholder image

Videos

Bitcoin Poised for Biggest Weekly Drop Since Early November

Average funding rate for perpetual futures contracts in bitcoin remains positive, but the largest token by market capitalization is on track for its biggest weekly drop since early November as investors react to recent news from Silvergate and Silicon Valley Bank. "All About Bitcoin" host Christine Lee breaks down "The Chart of The Day."

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