SVB Bank

It is reported that Novogratz, founder of Galaxy Digital, a cryptocurrency investment company, was shocked that the Federal Reserve would cause depositors to suffer capital losses in the SVB event. Galaxy Digital has no business dealings with SVB Bank. Interpretation of this information: The recent news of Silicon Valley Bank’s (SVB) decision to cancel its prepaid card program has caught the attention of many, including Mike Novogratz, founder of Galaxy Digital, a cryptocurrency investment company. Novogratz expressed his shock and dismay that the Federal Reserve has allowed such a decision…

According to reports, Binance, the cryptocurrency exchange, said that it had no risk exposure to SVB Bank and the funds were safe. Interpretation of this information: Binance, known as one of the world’s leading cryptocurrency exchanges, recently came out with a statement emphasizing that it has no risk exposure to SVB Bank and that the funds of its investors are safe. The statement was prompted by rumors floating around online that suggested Binance had significant fund deposits with SVB Bank, which could pose a substantial risk to the exchange and…