bankruptcy protection

According to reports, Silicon Valley Bank (SVB) filed for Chapter 11 bankruptcy protection in New York. SVB Financial Group stated that the Group has approximately US $2.2 billion in liquidity, and the financial team is evaluating strategic options. Subsidiaries filing for bankruptcy do not include SVB Securities and SVB Capital. Silicon Valley Bridge Bank (N.A) was not included in bankruptcy protection proceedings. (Jin Shi) Interpretation of this information: Silicon Valley Bank (SVB), one of the major financial institutions in the United States, announced that it has filed for Chapter 11…

It is reported that the bankruptcy court judge Martin Glenn ruled on Wednesday that Celsius Network should continue to have the exclusive right to formulate an exit plan before the end of March. Judge Glenn said that sufficient progress had been made in preparing the transaction with the new company NovaWulf to establish a new recycling company. The court for the Southern District of New York was informed that agreeing to the transaction might mean that the cryptocurrency lending institution would withdraw from bankruptcy protection before the end of June….

It is reported that the Bank of England’s deputy governor, Joseph Kalif, said that digital currency may play a protective role in preventing bank bankruptcy. In terms of digital currency, I don’t think we are behind other developed economies. There is no disagreement between the Bank of England and the UK Treasury on the issue of digital currency. The postponement of consultations on this issue was due to the “interruption” of relevant policies last fall, namely the tragic failure of the “mini budget”. The digital pound may bring great benefits…