Silicon Valley Bank

Bitcoin (BTC) is climbing above $28,000 for the first time since last June, as some traders see the cryptocurrency as a hedge against the traditional banking system, which has had its share of troubles over the past few weeks, including the collapse of Silicon Valley Bank and regulators' takeover of Signature Bank. "First Mover" hosts Christine Lee and Lawrence Lewitinn discuss.

Mar 20, 2023

Silicon Valley Bank (SVB) failed on March 10, and the price of bitcoin (BTC) has been rallying since then. The narratives around bank failures, stablecoins and interest rate hikes seem strong enough to propel the price of the largest cryptocurrency by market capitalization. CoinDesk Senior Research Analyst George Kaloudis breaks down bitcoin's latest price moves and more in "The Chart of The Day."

Mar 17, 2023

The day after the Federal Deposit Insurance Corp. took control of Silicon Valley Bank, there were only 12,000 active NFT traders, according to DappRadar. That's a number not seen since November 2021. Animoca Brands co-founder and Executive Chairman Yat Siu reacts to this report and discusses his outlook for the NFT market and the broader state of Web3. Plus, insights into Animoca backing Nuqtah, Saudi Arabia's first NFT marketplace platform.

Mar 17, 2023

Silicon Valley Bank's former parent company SVB Financial Group has filed for Chapter 11 bankruptcy protection. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the latest developments in the U.S. banking turmoil and what it means for crypto.

Mar 17, 2023

Reuters reports the FDIC is asking banks interested in buying Silicon Valley Bank and Signature Bank to submit their bids by Friday. This comes as liquidity is on everyone’s mind, especially in the face of record drawdowns from the Treasury General Account during the COVID-19 era, and more after the failure of Silicon Valley Bank.

Mar 16, 2023

By Dan Ilett, Cam Thompson, Danny Nelson, Benjamin Schiller, Danny BradburyMar 16, 2023

The collapse of Silvergate, Signature, and Silicon Valley Bank has prompted crypto advocates to question whether regulators in the country are using a banking crisis to unfairly target the crypto industry, inspiring the hashtag #OperationChokePoint2. Brian Brooks, Bitfury Board Member and former CEO, Valor Capital Group Partner and former Acting Comptroller of the Currency, reacts to the fall of three crypto-friendly U.S. banks and the implications for the state of crypto.

Mar 15, 2023

The Circle-issued USDC stablecoin regained its dollar peg, recovering from the Silicon Valley Bank-induced chaos over the weekend that saw its price plummet to $0.90 on major exchanges. Tastycrypto Head of Digital Assets Ryan Grace weighs in on the future of stablecoins and USDC volatility.

Mar 15, 2023

The U.S. Justice Department and the Securities and Exchange Commission are investigating the collapse of Silicon Valley Bank (SVB), according to a report from the Wall Street Journal. “The Hash” panels weighs in on the scrutiny faced by the California-based bank from regulators.

Mar 14, 2023

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 to come.

Mar 14, 2023