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Silicon Valley Bank

Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)
Finance
Usdc
USDC Stablecoin Regains Dollar Peg After Silicon Valley Bank-Induced Chaos
The stablecoin fell below $1 in value on Friday after it emerged that some portion of issuer Circle’s funds were at the failed Silicon Valley Bank.
Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)
By Nikhilesh De
Mar 13, 2023 at 2:09 p.m. UTC
Mar 13, 2023
USDCCircleStablecoinsSilicon Valley BankbankingUSRegulation
Crypto Banking Crisis Concerns Loom
Video
Cdtv
Crypto Banking Crisis Concerns Loom
Host Joel Flynn weighs in on what could happen next after Silicon Valley Bank and Signature Bank's respective collapses. That story and other news shaping the cryptocurrency w...
Crypto Banking Crisis Concerns Loom
By CoinDesk Inc
Mar 13, 2023 at 2:01 p.m. UTC
Mar 13, 2023
cdtvDailyForkSignature BankJoel FlynnSilicon Valley Bank
A government plan to back up Silicon Valley Bank customers helped push up the price of bitcoin. (CoinDesk archives)
Markets
First mover
First Mover Americas: Bitcoin Gains as FDIC Steps In for Silicon Valley Bank
The latest price moves in crypto markets in context for March 13, 2023.
A government plan to back up Silicon Valley Bank customers helped push up the price of bitcoin. (CoinDesk archives)
By Lyllah LedesmaOmkar Godbole
Mar 13, 2023 at 12:44 p.m. UTC
Mar 13, 2023
First MoverMarketsBitcoinSilicon Valley BankUSDC
Silicon Valley Bank was shuttered Friday. (Justin Sullivan/Getty Images)
Policy
Regulations
Silicon Valley Bank Customers Can Fully Access Funds After FDIC Creates New Bridge Bank
Loans and other services will resume on normal schedule Monday following a switch to a new bridge bank, the regulator said
Silicon Valley Bank was shuttered Friday. (Justin Sullivan/Getty Images)
By Jack Schickler
Mar 13, 2023 at 10:33 a.m. UTC
Mar 13, 2023
RegulationsSilicon Valley BankFDICbanks
Silicon Valley Bank sign (SVB)
Finance
Trading
HSBC Subsidiary to Acquire Silicon Valley Bank's UK Unit for 1 British Pound
Depositors will be protected, the U.K. government said, as it seeks to limit wider economic fallout from the bank's collapse.
Silicon Valley Bank sign (SVB)
By Shaurya MalwaJack Schickler
Mar 13, 2023 at 7:52 a.m. UTC
Mar 13, 2023
TradingRegulationHSBCUKSilicon Valley Bankacquisition
(Danny Nelson/CoinDesk)
Markets
Markets
Binance Will Convert $1B Worth of BUSD Stablecoin to Bitcoin, Ether, BNB and Other Tokens
Binance tapped into its Industry Recovery Initiative funds to cover the move.
(Danny Nelson/CoinDesk)
By Shaurya Malwa
Mar 13, 2023 at 7:43 a.m. UTC
Mar 13, 2023
MarketsTradingInvestingBinanceStablecoinsSilicon Valley Bank
Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)
Policy
Regulations
Circle Scrambles to Right USDC After Signature Bank Failure
Circle Internet Financial is racing to find new banking partners for its USDC stablecoin.
Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)
By Danny Nelson
Mar 13, 2023 at 1:55 a.m. UTC
Mar 13, 2023
RegulationsUSDCCircleSignature BankSilicon Valley BankUSStablecoinsbanking
Silicon Valley Bank headquarters (Justin Sullivan/Getty Images)
Policy
Federal bank
Silicon Valley Bank Depositors Will Have Access to 'All' Funds Monday, Say Federal Regulators
“Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system,” a joint statement read.
Silicon Valley Bank headquarters (Justin Sullivan/Getty Images)
By Danny Nelson
Mar 12, 2023 at 10:29 p.m. UTC
Mar 12, 2023
federal bankFederal ReserveSilicon Valley BankbankingUS
Ripple CEO Brad Garlinghouse (Danny Nelson/CoinDesk)
Finance
Ripple
Ripple Had ‘Some Exposure’ to Silicon Valley Bank, Says CEO
Brad Garlinghouse declined to say how much capital is at the failed bank but said Ripple “remains strong.”
Ripple CEO Brad Garlinghouse (Danny Nelson/CoinDesk)
By Danny Nelson
Mar 12, 2023 at 9:47 p.m. UTC
Mar 12, 2023
RippleSilicon Valley BankBrad Garlinghouse
(DALL-E/CoinDesk)
Finance
Banking
Bitcoin Rises on Report Government Weighing Plan to Protect All Silicon Valley Bank Depositors
The price of the largest cryptocurrency briefly rose back above $21,500 before giving back some gains.
(DALL-E/CoinDesk)
By Kevin Reynolds
Mar 12, 2023 at 9:00 p.m. UTC
Mar 12, 2023
bankingUSRegulationSilicon Valley Bank