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Silicon Valley Bank
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.
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.
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?
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.
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.
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.
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.
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."
Why Silicon Valley Bank's Collapse Matters for the Crypto Industry
Silicon Valley Bank (SVB) was shuttered by the California Department of Financial Protection and Innovation on Friday, marking the second bank to shut down within days after Silvergate Bank announced its decision to wind down operations. CoinDesk Editor at Large Christie Harkin and Managing Editor of Tech and Protocols Brad Keoun share their reactions.
Crypto Wallets Withdraw $902M USDC From Centralized Exchanges in Past 24 Hours Amid SVB, Silvergate Shutdowns
$11.4 billion of USDC reserves are held in the form of cash at Reserve Banks, which include the two members of the Federal Reserve System.
