The former Silicon Valley Bank holding company needs access to the bank's FDIC-controlled funds to pay creditors and support two other operations, says Kleinberg, Kaplan partner Dov Kleiner.
The abrupt collapse of the Silicon Valley Bank and Signature Bank prompted U S regulators to impose emergency measures to protect depositors This comes on the heels of crypto friendly Silvergate Bank’s shutdown in the same week Here’s a look at how SVB s closure is sending ripple effects across the crypto industry and what’s [...]
The Fed's aggressive rate hikes and balance sheet reduction have caused an historic bank failure, fashioning a real-time ad for bitcoin self-custody, observers said.
On today’s show we’re taking a look at how the collapse of crypto's most visible bank could be an opportunity for stablecoins and other financial-services providers, courtesy of Daniel Kuhn, CoinDesk deputy managing editor for features and opinion.