FDIC
Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to ‘Stand Behind USDC and Cover Any Shortfall’
On Saturday, March 11, 2023, Circle Financial updated the public … More…
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Bank of England Shuts Down Silicon Valley Bank’s UK Branch After US Regulators Close Parent Company
After U.S. regulators shut down Silicon Valley Bank (SVB) on Friday,… More…
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$22 Trillion in US Banking System Backed by Just $225 Billion at FDIC: Bitcoin Proponent Gabor Gurbacs
A strategy advisor at Vaneck/MVIS is highlighting the disparity … More…
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‘Fiat Is Fragile’ — Silicon Valley Bank’s Collapse Sparks Finger-Pointing and Concerns of Contagion
Silicon Valley Bank (SVB) has become the center of attention after… More…
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USDC Issuer Circle Says it ‘Awaits Clarity’ From FDIC on Silicon Valley Bank Collapse
In its first statement following the collapse of Silicon Valley Bank,… More…
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How Silvergate’s Crypto Collapse Differed From Silicon Valley Bank’s: No Bailout
For all the angst this week about how troubles in the crypto industry… More…
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$920B is the number to watch now that crypto’s trillion dollar total market cap is gone
The crypto market is taking a walloping, and there are three important… More…
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Crypto Bank Silvergate Announces ‘Voluntary Liquidation’
The Federal Deposit Insurance Corporation has taken over Silvergate… More…
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Silvergate reportedly talks with FDIC on ways to avoid shutdown
Officials from the government agency reportedly entered Silvergate’s… More…
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Silvergate’s Collapse May Spell Regulatory Trouble for Crypto
Silvergate Bank had a really rough week, to the point where a not-insignificant… More…
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