Silicon Valley Financial News

14.03 / 09:39

Blockchain Stablecoin Banks data Silicon Valley Usd Coin Debtors saved over $100M using de-pegged stablecoins to repay loans

The depegging of USD Coin (USDC) and Dai (DAI) from the United States dollar prompted a frenzy of loan repayments over the weekend, allowing debtors to save a total of more than $100 million on their loans.

14.03 / 04:43

business Banks banking Silicon Valley FDIC to attempt another auction of Silicon Valley Bank: Report

Silicon Valley Bank (SVB) could be returning to the auction block with United States regulators taking a second attempt at finding a buyer for the now-collapsed bank.

14.03 / 02:35

Stablecoin defi Banks Central Bank banking Silicon Valley NOT USDC depegged, but it's not going to default

Over the past week, investors understandably became concerned over the news that billions of dollars backing USD Coin (USDC) — the second-largest stablecoin — were locked up in the distressed Silicon Valley Bank (SVB). The market reacted violently, causing USDC to lose its dollar peg. But while the concern was understandable, it has become clear that USDC creator Circle will regain full access to its funds. The crypto community can breathe easily.

13.03 / 22:43

regulation Silicon Valley Signature Bank US regulators US regulators shut down Signature Bank despite 'no insolvency': Report

Barney Frank, a former member of the United States House of Representatives, has reportedly suggested New York regulators closed the crypto-friendly Signature Bank as part of a seeming show of force.

13.03 / 21:49

Law regulation Fraud Banks Silicon Valley Shareholders file lawsuit against Silicon Valley Bank, alleging fraud: Report

A group of shareholders have reportedly filed a lawsuit against Silicon Valley Bank’s parent company and some of its executives amid the unfolding crisis.

13.03 / 17:49

business regulation Banks Forbes banking Silicon Valley Bankruptcy Silicon Valley Bank collapse: How SVB stock price performed in 5 years

Silicon Valley Bank (SVB) has suffered a significant fall from grace following half a decade of being rated as one of the best banks in the United States.

13.03 / 12:28

Blockchain Stablecoin Binance defi Banks Silicon Valley Bitcoin recovery Binance CEO announces recovery funds conversion from BUSD to 'native crypto'

The failure of three major crypto-backing banks, Silicon Valley Bank (SVB), Silvergate Bank and Signature Bank caused the stablecoin (USDC) to fall to as low as $0.87 from its $1 benchmark.

13.03 / 11:11

business regulation HSBC Circle banking Silicon Valley Breaking: Silicon Valley Bank UK arm acquired by HSBC for one pound

Global banking giant HSBC Holdings is coming to rescue the United Kingdom-based branch of the collapsed Silicon Valley Bank with a new acquisition.

13.03 / 02:49

business banking Silicon Valley Financial Ripple CEO assures ‘strong financial position’ despite SVB collapse

Ripple CEO Brad Garlinghouse took to Twitter on Mar. 12 to discuss the company’s exposure to Silicon Valley Bank (SVB) and reassure his followers of Ripple's stability.

13.03 / 00:41

business defi Silicon Valley Silicon Valley Bank collapse: Everything that’s happened until now

The sudden collapse of Silicon Valley Bank (SBV) has quickly unfolded over the course of three days, depegging stablecoins, leading regulators in the United States and United Kingdom to prepare emergency plans and raising fears among small businesses, venture capitalists and other depositors with funds stuck at the California tech bank.

12.03 / 22:43

business Silicon Valley Bank of London bids to acquire Silicon Valley Bank's UK arm

Global clearing institution Bank of London has submitted a formal proposal to acquire the Silicon Valley Bank's subsidiary in the United Kingdom, according to a statement disclosed by Reuters on March 12.

12.03 / 21:53

business regulation Banks Silicon Valley U.S. authorities preparing 'material action' to curb SVB contagion

United States authorities are working on "material action" over the weekend in an attempt to limit the ripple effect across the country's banking system after the Silicon Valley Bank abruptly collapsed on March 10.

12.03 / 20:39

business regulation Banks Silicon Valley FDIC bidding for Silicon Valley Bank is in progress: Report

The United States Federal Deposit Insurance Corporation (FIDC) started an auction process on March 11 night for Silicon Valley Bank, Bloomberg reported citing unnamed sources. Bids are allegedly open for just a few hours, before the process closes later this Sunday.

12.03 / 19:03

business regulation Bank of England Silicon Valley UK regulators moving “at pace” to deliver a plan for tech firms hurt by SVB collapse

A plan to rescue startups and tech companies affected by the Silicon Valley Bank collapse is underway in the United Kingdom, according to multiple reports on March 12. The emergency plan will include a cash lifeline to a number of businesses.

12.03 / 12:13

business Adoption Investments Venture Capital Banks Silicon Valley SOLIDARITY Over 100 VCs, investors voice solidarity with Silicon Valley Bank

As the 40-year-old banking institution, Silicon Valley Bank (SVB), winds down operation, numerous venture capitalists and investors joined hands and decided to cushion the impact in case the bank “were to be purchased and appropriately capitalized.”

12.03 / 09:23

regulation Silicon Valley Bill Ackman warns US gov't: Fix mistake in ‘48 hours’ or face ‘destruction’

Billionaire Bill Ackman has urged the United States government to “guarantee” all Silicon Valley Bank's (SVB)'s deposits within the next “48 hours,” or it risks the “destruction” of many financial institutions.

12.03 / 04:53

regulation Venture Capital Bank of England Silicon Valley Startups Silicon Valley Bank's UK branch shut down by Bank of England

The Bank of England (BoE) has halted the operations of Silicon Valley Bank’s U.K. branch (SVB UK), stating that it has a “limited presence” and no “critical functions” supporting the financial system in the United Kingdom (UK).

11.03 / 04:45

business lending Banks banking Silicon Valley Bankruptcy Filing shows BlockFi has uninsured $227M in Silicon Valley Bank MMMF

According to a new bankruptcy filing, defunct crypto lender BlockFi has $227 million worth of uninsured funds allocated to a money market mutual fund (MMMF) offered by troubled Silicon Valley Bank (SVB).

11.03 / 01:17

markets Federal Reserve Silicon Valley Bitcoin Bitcoin Price gone $920B is the number to watch now that crypto’s trillion dollar total market cap is gone

Big round numbers always pique the interest of investors and the $1 trillion total crypto market capitalization is no exception. It’s a level that held for 48 days before collapsing on March 9. After a 16-hour negative 8.6% price movement, the indicator fell to $914 billion, its lowest level since Jan.13.

10.03 / 06:07

business Banks banking Tech Silicon Valley bank stocks US bank woes? Silicon Valley Bank stocks plunge 1 day after Silvergate downfall

Fears have been heightened over the future of another United States bank this week after Silicon Valley Bank (SVB) announced a significant sale of assets and stocks aimed at raising additional capital.

13.01 / 22:55

Twitter Instagram Silicon Valley Future NFTs have a brighter future on Instagram than on Twitter

The nonfungible token (NFT) industry has experienced some market turbulence over the past few months, but this hasn’t stopped both Twitter and Instagram from making moves into an industry that some estimate could be worth $231 billion by 2030.

what you should know about Silicon Valley

What is Silicon Valley and why is it gaining attention?

Silicon Valley is a trending topic that is in the spotlight. On our site, we regularly publish news related to this subject.

Where can I find the latest updates on Silicon Valley?

All recent news about Silicon Valley can be found in the highlighted block. We publish information in a timely manner.

How can I verify the accuracy of information on Silicon Valley?

We consult with professionals to ensure that the information about Silicon Valley is accurate and informative for our readers.