SVB

On April 5th, Tether reiterated in an official post that the company had not been in contact with Silvergate, SVB, and SignatureBank, while expressing its dissatisfaction with Bloo

According to reports, Nellie Liang, the Under Secretary for Domestic Financial Affairs of the US Treasury Department, said that the encryption industry should not be responsible fo

12:00-21:00 Keywords: Arbitrum, V God, Belgium, SVB Interpretation of this information: The message suggests an event happening from 12:00 to 21:00, but it doesn’t give the date or the location. However, it mentionsthree keywords that could provide some context: Arbitrum, V God, Belgium, and SVB. The first keyword, Arbitrum, is a blockchain-based platform for building decentralized applications with smart contracts. It’s possible that the event is related to this platform or to the broader blockchain industry. Perhaps, it’s a conference, a workshop, or a demonstration of new applications or features…

It is reported that the source revealed that the African cross-border payment platform Chipper Cash, supported by the Silicon Valley Bank (SVB) and the Cryptocurrency Exchange FTX, is weighing various options, including exploring the sale or finding new investors. Chipper Cash received a US $250 million financing led by FTX and SVB in 2021. FTX invested a total of US $40 million in it, and SVB owned 2% of its equity. At that time, its valuation was about US $2 billion. (Bloomberg) Interpretation of this information: African fintech firm, Chipper…

It is reported that the Federal Deposit Insurance Corporation of the United States: transferred all deposits of Silicon Valley Bank (SVB) to the bridge bank with a transitional nature. Bridge Bank, a transitional bank, will continue to provide online banking and ATM services. The check of SVB customers will be cleared and the loan will be paid. Interpretation of this information: The news that the Federal Deposit Insurance Corporation (FDIC) of the United States has transferred all deposits of Silicon Valley Bank (SVB) to a bridge bank with a transitional…

According to reports, Hal Press, CEO of North Rock Digital, a hedge fund, tweeted that there were many different channels for the SVB hearing, including the complete sale of the bank to another bank or government support, if necessary. More importantly, at the hearing next week, savers (even large savers) will receive at least 50% of their deposits (most of SVB’s assets have been sold), or even more. In the long run, they may get more than 90% of the return, and it is likely that no depositor will lose…

It is reported that SVB Moffettnathanson, a securities division of Silicon Valley Bank (SVB), is expected to continue its normal operation. Interpretation of this information: The recent report about SVB Moffettnathanson, a securities division of Silicon Valley Bank (SVB), is a positive sign amidst the ongoing crisis. The message implies that the division will continue to operate normally, indicating that the organization is resilient and capable of withstanding external pressures. In the current situation of the COVID-19 pandemic, many industries have been shaken, and businesses have been forced to shut…

According to reports, IOSG Ventures issued a statement that it had never conducted any USDC transactions in the past 7 days, and its exposure to SVB and Silvergate was zero. Interpretation of this information: In a recent statement issued by IOSG Ventures, the venture capital firm confirmed that it had not engaged in any USDC (USD Coin) transactions over the past seven days. The firm also revealed that it had zero exposure to two major US banks, SVB (Silicon Valley Bank) and Silvergate. The statement can be interpreted in a…