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Circle Joins Hands with Cross River Bank Post-Silicon Valley Bank Downfall
During the weekend, news about Silicon Valley Bank and the stablecoin issuer Circle was widely reported. There were…
Silicon Valley Bank Sued by Shareholders for Fraud
Following its closure last week, Silicon Valley Bank has been sued by shareholders for fraud, according to Bloomberg.…
Coinbase Officially Disables Binance USD (BUSD) Trading
Coinbase has recently announced in one of their recent tweets that the exchange is planning to suspend the…
President Joe Biden Says “The Banking System is Safe”
Following the failure of Silicon Valley Bank, President Joe Biden has done his best to assure Americans that…
Multiple Banks Stock Trading Halted Due to Volatility
Following the Silicon Valley Bank closing that dominated headlines this weekend, multiple banks’ stock trading has been halted…
First Republic Bank Shares Drop 55% Pre-Market
In 2022, a crypto contagion was in play, and companies from the ecosystem were falling one after the…
Nissan Files 4 Web3, NFT, Metaverse Related Trademark Applications
Companies from different sectors continue to step into the NFT, Web3, and Metaverse space. Recently, Mike Kondoudis, a…
HSBC Acquires Silicon Valley Bank’s UK Arm for £1
The banking sector has been in dire straits owing to the back-to-back collapses of Silvergate, Silicon Valley Bank,…
100% of USDC Reserves Is Safe: Circle CEO
2022 saw the fall of major cryptocurrency firms. The trend has somewhat continued into 2023. After Silicon Valley…
Coinbase Holds $240M in Signature Bank: Expects to “Fully Recover” Funds
New York financial regulators shut down Signature Bank on Sunday. Customers, however, will be bailed out by the…