It is unclear how much assets custodied on behalf of crypto VCs are stuck in Silicon Valley Bank.
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It is unclear how much assets custodied on behalf of crypto VCs are stuck in Silicon Valley Bank.
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Circle joined other customers and depositors in calling for the continuity of SVB in the US economy.
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BlockFi’s capital allocated to the money market mutual fund is not FDIC insured, however the fund doesn’t appear to be managed by Silicon Valley Bank.
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BTC price targets extend to $18,000 with Bitcoin bulls increasingly failing to preserve $20,000 as support amid further SVB Financial fallout.
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The Fed’s Vice Chair for Supervision emphasized that they do not want to curb innovation, but ensure that regulations protect households and the financial system.
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Concerns have been raised around the financial health of the tech-focused bank, which services the likes of crypto-friendly VCs such as Sequoia and a16z.
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