Browsing Tag
#Silicon Valley
22 posts
Sequoia slashes its crypto fund by 66% after industry collapses: Report
Venture capital giant Sequoia Capital reportedly downsized its cryptocurrency fund from $585 million to $200 million, amid a…
Circle and Sequoia were among top depositors at Silicon Valley Bank: Report
Stablecoin issuer Circle and venture capital firm Sequoia Capital were reportedly among the top 10 depositors at the…
Silicon Valley Bank’s downfall has many causes, but crypto isn’t one
Silicon Valley Bank (SVB) boasted over $200 billion in assets and was a lifeline for crypto companies. Notably,…
Rattled crypto industry could emerge stronger after USDC depeg
USD Coin (USDC), the world’s second-largest stablecoin, may simply have been in the wrong place at the wrong…
Breaking: SVB Financial Group files for Chapter 11 bankruptcy
Troubled SVB Financial Group has filed a voluntary petition for a court-supervised reorganization under Chapter 11 in the…
US Bank collapse — Is crypto being targeted?
Crypto-friendly banks in the United States, such as Signature Bank, served the likes of Paxos Trust, Celsius Network and…
Shareholders file lawsuit against Silicon Valley Bank, alleging fraud: Report
The class-action suit was filed against Silicon Valley Bank, CEO Greg Becker and chief financial officer Daniel Beck.…
FDIC to attempt another auction of Silicon Valley Bank: Report
Silicon Valley Bank (SVB) could be returning to the auction block with United States regulators taking a second…
US regulators shut down Signature Bank despite ‘no insolvency’: Report
“Regulators wanted to send a very strong anti-crypto message,” said former House of Representatives member and Signature Bank…
Silicon Valley Bank was the tip of a banking iceberg
Traditional financial institutions take deposits from customers and use them to make loans. But they loan out much…