SVB – Page 5 – DIGIT INFO

Breaking: USDC slowly repegs on unconfirmed reports of SVB resolution

According to insiders, 50% of uninsured deposits will be paid out by next week.

USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity

On Saturday, March 11, 2023, crypto advocates are concerned as a few stablecoin assets have depegged from their $1 parity. The second-largest stablecoin USDC, issued by Circle Financial, fell below $0.90, reaching a low of $0.877 per coin. Additionally, around five other stablecoins have dropped below the U.S. dollar parity during the early morning (ET) […]

Go to Source

Bitcoin price spikes to ‘$26K’ in USDC terms — How high can the BTC short squeeze go?

Bitcoin recovers from the depegging of USDC, the second-largest stablecoin, from the U.S. dollar.

Go to Source

Circle discloses $3.3B tied up at Silicon Valley Bank

Circle joined other customers and depositors in calling for the continuity of SVB in the US economy.

Go to Source

Filing shows BlockFi has uninsured $227M in Silicon Valley Bank MMMF

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.

Go to Source

$920B is the number to watch now that crypto’s trillion dollar total market cap is gone

The crypto market is taking a walloping, and there are three important reasons why BTC’s $380 billion valuation is a key support for the entire market.

Go to Source

US Regulators Close Silicon Valley Bank in One of the Largest Bank Failures Since Washington Mutual

After Silicon Valley Bank (SVB) experienced financial turmoil, the U.S. Federal Deposit Insurance Corporation (FDIC) and the California Department of Financial Protection and Innovation closed the financial institution. Insured depositors can withdraw their funds on Monday after the FDIC took over the failed bank. Federally Insured Depositors to Withdraw Funds on Monday, Uncertainty Looms for […]

Go to Source

Silicon Valley Bank Faces Financial Woes as Stock Is Halted, Sells $21 Billion Bond Portfolio at a $1.8 Billion Loss

On March 10, 2023, market observers are discussing the troubles Silicon Valley Bank (SVB) faces, as the firm’s stock slid more than 60% in the last 24 hours. SVB was forced to sell a $21 billion bond portfolio at a $1.8 billion loss. CEO Greg Becker insists that the financial institution “will be well positioned” […]

Go to Source

US bank woes? Silicon Valley Bank stocks plunge 1 day after Silvergate downfall

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.

Go to Source