Silicon Valley Bank’s failure has a lot to do with rising interest rates, but the shockwaves from its demise will still be felt in the crypto industry. Silicon Valley Bank, or SVB, was the bank of choice for 44% of U.S. venture-backed tech companies. But as venture capital dried up during the tech sector’s slump, […]
USDC Issuer Circle Says it ‘Awaits Clarity’ From FDIC on Silicon Valley Bank Collapse
USDC issuer Circle Internet Financial said late Friday it “awaits clarity” from federal banking regulators on the status of its deposits at Silicon Valley Bank, one of the six financial institutions it said are responsible for managing one quarter of the assets backing its $43 billion stablecoin. Source: CoinDesk The post USDC Issuer Circle Says […]
Bears Add Receiver D.J. Moore, Four High Picks In Deal For Top Pick
The post Bears Add Receiver D.J. Moore, Four High Picks In Deal For Top Pick appeared on BitcoinEthereumNews.com. ARLINGTON, TEXAS – OCTOBER 03: D.J. Moore #2 of the Carolina Panthers avoids a tackle by Damontae … [+] Kazee #18 of the Dallas Cowboys and runs the ball during…
USDC Stablecoin Depegs From $1; Circle Says Operations Are Normal
An undisclosed portion of USDC’s cash reserves are parked at the now-failed bank, leading to concern that money backing the stablecoin is now stuck. Stablecoins like USDC are a key part of the crypto industry’s foundation, and when they stray far from $1 (or whatever fiat asset they’re pegged to) that suggests concern about their […]
Meta Could Reportedly Cut Thousands Of Employees
The post Meta Could Reportedly Cut Thousands Of Employees appeared on BitcoinEthereumNews.com. Facebook and Instagram parent company Meta is reportedly planning to conduct multiple rounds of layoffs this spring on the same scale as its massive round of cuts late last year,…
Chicago Bears Trade First Overall Pick To Carolina Panthers
The post Chicago Bears Trade First Overall Pick To Carolina Panthers appeared on BitcoinEthereumNews.com. CHICAGO, ILLINOIS – JANUARY 08: Head coach Matt Eberflus of the Chicago Bears talks with general … [+] manager Ryan Poles prior to the game against the Minnesota Vikings at…
Why The Team Behind ‘Scream VI’ Ignored People’s Advice To Step Away From The Sequel
The post Why The Team Behind ‘Scream VI’ Ignored People’s Advice To Step Away From The Sequel appeared on BitcoinEthereumNews.com. (Left to right) Directors Matt Bettinelli-Olpin and Tyler Gillett on the set of ‘Scream VI.’ Philippe Bossé/Paramount Pictures The horror requel Scream was an undeniable hit when it landed in…
SVB Financial CEO Sold $3.6 Million In Stock Before Bank’s Collapse
The post SVB Financial CEO Sold $3.6 Million In Stock Before Bank’s Collapse appeared on BitcoinEthereumNews.com. Topline The CEO of Silicon Valley Bank Financial sold $3.6 million in stock two weeks before the California banking giant’s epic crash Friday, signaling bank officials might have known the…
Roku says it ‘does not know’ how much of its cash it will be able to recover from SVB
The post Roku says it ‘does not know’ how much of its cash it will be able to recover from SVB appeared on BitcoinEthereumNews.com. Streaming platform Roku Inc. ROKU, -0.88% on Friday said it “does not know” to what extent it would be able to recover the cash it has deposited with the recently-failed…
Convex Finance expands sidechain trips; launches on Polygon
The post Convex Finance expands sidechain trips; launches on Polygon appeared on BitcoinEthereumNews.com. The L2 protocol becomes the second sidechain to be integrated with Convex Finance The development would allow blockchain interplay as CVX investors shun HODLing In the last quarter of 2022,…