Rep. Maxine Waters convened meetings with federal bank regulators in the wake of the bank’s collapse. Author: Nikhilesh De
Archives for March 2023
Coinbase Pauses Conversions Between USDC and U.S. Dollars as Banking Crisis Roils Crypto
Circle’s USDC stablecoin was hit by the shutdown of Silicon Valley Bank, one of its key banking partners. Author: Danny Nelson
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 are fueling a banking crisis, the reality, so far, is actually something else: Of the two banks that went under, the one squarely focused on crypto – Silvergate Capital – escaped the black mark of a federal bailout. Author: Bradley Keoun, Helene […]
Signature Bank Stock Down 12% in Volatile Action as Bank Selloff Continues
SBNY shares sank as low as $64.60 at 14:45 UTC on Friday, a drop of around 28% from its opening price of just over $90. Author: Jamie Crawley
Facebook Parent Company Meta Exploring Decentralized App: Report
The app, codenamed P92, will be a standalone product for sharing text updates Author: Jamie Crawley
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