In a dramatic turn of events, HSBC has come to the rescue of the British arm of Silicon Valley Bank (SVB), which had been struggling
Category: News
The Crypto Banking Trifecta: Silvergate, Signature, and Silicon Valley Bank Debacle
The Crypto Banking Trifecta: Silvergate, Signature, and Silicon Valley Bank, experienced a major failure last weekend, sending shockwaves throughout the stablecoin market. These three banks
The Value of US Banks’ Bonds Drops, Resulting in Unrealized Losses of $620 Billion
Silicon Valley Bank (SVB) was hit by a decline in the value of its bonds, which were purchased during boom times when the company had
Another Digital Asset Issuer Registered by Bank of Russia
The Central Bank of Russia has added a new entity to its register of approved issuers of digital financial assets. The platform, known as ‘Masterchain,’
Your Crypto Transactions Are Seen Says The Australian Tax Authority (ATO)
The growing popularity of cryptocurrencies has increased their use for transactions and investments, which has caught the attention of tax authorities. The Australian Tax Authority
Signature Bank Has Been Closed Down; Placed Under FDIC Control
On March 12, 2023, the New York-based bank Signature Bank was closed down by state regulators, as announced by the Federal Reserve. This comes as
Coinbase, Binance Suspend USDC Conversions As Dollar Peg Wobbles
Top cryptocurrency exchanges Binance and Coinbase both said on Friday night that they would temporarily suspend USDC conversions as the contagion from the collapse of Silicon
Circle Reveals That It has $3.3 Billion Locked In Silicon Valley Bank
After Friday’s stunning collapse of Silicon Valley Bank, questions swirled around the exposure of one of crypto’s top firms, Circle, the issuer of the second-largest
California’s Silicon Valley Bank Collapses
California banking regulators on Friday moved quickly to close startup-focused lender Silicon Valley Banks Financial Group , the largest bank failure since the financial crisis,
Bank of America Still Forecasting 2023 Recession
Bank of America CEO still sees U.S. technical recession in 3rd quarter. Bank of America Chief Executive Officer Brian Moynihan said on Tuesday the U.S.