Cointelegraph

⁠US Fed announces $25B in funding to backstop banks The Federal Reserve established a funding program for banks, making $25 billion available to eligible firms in a bid to avoid further banking liquidity issues.

⁠Breaking: Signature Bank closed by New York banking authorities The New-York-based bank, which is also known to serve a number of crypto firms, was shut down by state regulators, according to a Federal Reserve announcem…

⁠Silicon Valley Bank collapse: Everything that’s happened until now Events surrounding Silicon Valley Bank are moving fast. Here is a breakdown of the major developments over the course of three days.

⁠Bank of London bids to acquire Silicon Valley Bank's UK arm The global clearing bank is leading a consortium of private equity firms seeking to purchase SVB's British arm.

⁠U.S. authorities preparing 'material action' to curb SVB contagion The White House assessed the impact of Silicon Valley Bank's failure over the weekend with a keen attention to venture capital firms and regional banks.

⁠How blockchain technology revolutionizes digital ownership? Blockchain technology is transforming how we think about digital ownership by providing secure and transparent ownership tracking systems. The future of digita…

⁠FDIC bidding for Silicon Valley Bank is in progress: Report The FDIC has reportedly started an auction process on late Saturday for Silicon Valley Bank. Bids are open for just a few hours.

⁠UK regulators moving “at pace” to deliver a plan for tech firms hurt by SVB collapse An emergency plan to rescue startups and tech companies affected by the Silicon Valley Bank collapse is underway in the United Kingdom…

⁠U.S. Treasury Janet Yellen working on SVB collapse, not at bailout: Report Janet Yellen said in an interview on March 12 that U.S. regulators are working to address Silicon Valley Bank collapse, but not considering a ma…

⁠South Korea launches Metaverse Fund to expedite domestic initiatives With the help of the Metaverse Fund, South Korea will support the mergers and acquisitions of various firms from the metaverse ecosystem.

⁠Over 100 VCs, investors voice solidarity with Silicon Valley Bank Approximately 125 VCs and investors signed a statement supporting Silicon Valley Bank as a way to limit the fallout of the bank’s collapse and subsequent…

⁠Bill Ackman warns US gov't: Fix mistake in ‘48 hours’ or face ‘destruction’ Billionaire Bill Ackman said that SVB’s senior management made a “basic mistake” but should be fired.

⁠Do Kwon had the right idea, banks are risk to fiat-backed stablecoins: CZ Given Silicon Valley Bank’s direct involvement in destabilizing USDC prices, CZ blamed banks for increasing the risks of stablecoins.

⁠Silicon Valley Bank failure could trigger run on U.S. regional banks A petition urging regulators to step in claims that nearly 40,000 of all depositors at Silicon Valley Bank are small businesses.

⁠Silicon Valley Bank's UK branch shut down by Bank of England Several U.K. venture capital firms have shown support for SVB UK stating it is a “trusted” partner and plays a "pivotal" role in supporting startups.

⁠Insolvency fears led many to turn to other stablecoins, sell USDC at a major discount Several USD Coin holders have fled to other stablecoins amid fears surrounding its solvency.