Silicon Valley Bank

Silicon Valley Bank

Policy

President Biden Calls for Stronger Bank Regulations in Wake of SVB, Signature Bank Collapses

The government on Sunday evening stepped in to guarantee no losses will be borne by the lenders' depositors.

U.S. President Joe Biden (Chip Somodevilla/Getty Images)

Policy

BlockFi Has Cash Access for Staff, Vendors Despite SVB Collapse: Attorney

The company had millions deposited with Silicon Valley Bank but regulators intervened Sunday evening to safeguard all customer monies.

BlockFi CEO Zac Prince at Consensus 2019 (CoinDesk)

Finance

Bitcoin Miner Marathon Says It Still Has Access to $142M at Signature Bank

Marathon terminated a credit facility with Silvergate last week.

MARA Holdings CEO Fred Thiel interview at Bitcoin conference in Miami (CoinDesk)

Finance

USDC Stablecoin Regains Dollar Peg After Silicon Valley Bank-Induced Chaos

The stablecoin fell below $1 in value on Friday after it emerged that some portion of issuer Circle’s funds were at the failed Silicon Valley Bank.

Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)

Videos

Crypto Banking Crisis Concerns Loom

Host Joel Flynn weighs in on what could happen next after Silicon Valley Bank and Signature Bank's respective collapses. That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."

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Markets

First Mover Americas: Bitcoin Gains as FDIC Steps In for Silicon Valley Bank

The latest price moves in crypto markets in context for March 13, 2023.

(Provided)

Policy

Silicon Valley Bank Customers Can Fully Access Funds After FDIC Creates New Bridge Bank

Loans and other services will resume on normal schedule Monday following a switch to a new bridge bank, the regulator said

Silicon Valley Bank was shuttered Friday. (Justin Sullivan/Getty Images)

Finance

HSBC Subsidiary to Acquire Silicon Valley Bank's UK Unit for 1 British Pound

Depositors will be protected, the U.K. government said, as it seeks to limit wider economic fallout from the bank's collapse.

(Provided)

Markets

Binance Will Convert $1B Worth of BUSD Stablecoin to Bitcoin, Ether, BNB and Other Tokens

Binance tapped into its Industry Recovery Initiative funds to cover the move.

(Danny Nelson/CoinDesk)

Policy

Circle Scrambles to Right USDC After Signature Bank Failure

Circle Internet Financial is racing to find new banking partners for its USDC stablecoin.

Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)