Tag: SVB
Circle Hires Ex-Banker to as Risk Director After SVB Collapse
USDC issuer Circle has added top Goldman Sachs executive Craig Broderick to its board of directors to manage risk.
The former executive will help...
Judge Orders FDIC to Return Tax Refund Checks to SVB Financial
In a court ruling in New York, the Federal Deposit Insurance Corp. (FDIC) has been ordered to return tax refund checks it took...
Depositors Flock to JPMorgan & Citi After SVB, Signature Closure
With the demise of Silicon Valley Bank and Signature, customers are flocking to major US banks like JPMorgan and Citigroup to transfer money...
Stablecoins and the Collapse of SVB: A Wake-Up Call
Banks are collapsing at an alarming rate, leaving investors and stakeholders questioning the stability of stablecoins. First, Silvergate failed, and now, SVB, which...
Bitcoin Rises as Biden Calls for Tighter Bank Regulations After SVB
President Joe Biden said anyone with deposits at Silicon Valley Bank and Signature Bank would have access to their money today.
He emphasized that...
Crypto Liquidations Surpass $237M as SVB Dust Settles
Almost 61,800 positions were liquidated in the past 24 hours, surpassing $237 million in total crypto liquidations.
Binance executed the largest single liquidation order...
USDC Depegs Below $0.90, Circle Confirms Exposure to SVB
Crypto investors have flocked to redeem their USD Coin (USDC) holdings after its issuer Circle revealed it held $3.3 billion of its reserves...