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Approximately 125 VCs and investors signed a statement supporting Silicon Valley Bank as a way to limit the fallout of the bank’s collapse and subsequent extinction...
Given Silicon Valley Bank’s direct involvement in destabilizing USDC prices, CZ blamed banks for increasing the risks of stablecoins.
Billionaire Bill Ackman said that SVB’s senior management made a “basic mistake” but should be fired.
Several U.K. venture capital firms have shown support for SVB UK stating it is a “trusted” partner and plays a “pivotal” role in supporting startups.
A petition urging regulators to step in claims that nearly 40,000 of all depositors at Silicon Valley Bank are small businesses.
Several USD Coin holders have fled to other stablecoins amid fears surrounding its solvency.
Don't forget to join tomorrow's online workshop on #Bootstrapping branding with @Yasi_Zhang and a branding expert… https://t.co/qgn8BoN4ZQ 2023-03-07 Give a big welcome to our new corporate...
Bank run on Silicon Valley Bank, USDC depegged from U.S. dollar and FTX’s bankruptcy expenses hit $34 million in January.
According to Circle, USDC liquidity operations will “resume as normal when banks open on Monday morning in the United States,” enabling USDC redemption at 1:1 with...
The trading freeze follows an analysis from DeFi’s risk manager firm Gauntlet Network considering different scenarios for the USD Coin price.
