By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Circle Internet Financial’s $3.3 billion cash reserves problem was seemingly solved Sunday when federal regulators promised that depositors of failed Silicon Valley Bank would be made whole in short order. But Circle’s USDC stablecoin isn’t out of the woods.Publish at: March 12, 2023 at 11:38PM
Circle Scrambles to Right USDC After Signature Bank Failure
Silicon Valley Bank Depositors Will Have Access to “All” Funds Monday, Say Federal Regulators
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data In a joint statement, federal banking and finance regulators said depositors will be made whole.Publish at: March 12, 2023 at 10:29PM
Crypto-Friendly Signature Bank Shut Down by State Regulators
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data New York-based Signature Bank, which has a number of crypto clients, was shut down Sunday by state regulators, the Federal Reserve announced.Publish at: March 12, 2023 at 10:25PM
Ripple Had ‘Some Exposure’ to Silicon Valley Bank, Says CEO
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Ripple, best known for its connection to XRP, kept some capital at the failed Silicon Valley Bank.Publish at: March 12, 2023 at 09:47PM
From Apple to Boeing, India is being put to the test as China manufacturing alternative
Boeing’s big deal with Air India is a sign of significant efforts to move key commercial and defense manufacturing to India as its role grows relative to China.Story Published at: March 12, 2023 at 03:06PM
Eliminate these 11 phrases that ‘make people question your credibility,’ says public speaking expert
Even the most successful people struggle to speak clearly, says Christina Helena, a public speaking coach who has worked with leaders at Google, Facebook and LinkedIn. She shares the words and phrases to ditch if you want more respect at work.Story Published at: March 12, 2023 at 02:38PM
After a wild, losing week for stocks, investors brace for more market-moving data
Reports next week will give us significant insight into how the broader economy is holding up.Story Published at: March 11, 2023 at 02:44PM
Regulators Close New York’s Signature Bank
Story Published at: March 12, 2023 at 10:41PM
SVB’s tech failings were a problem long before the bank run that led to its demise, critics say
A former Silicon Valley Bank employee and some SVB clients say the firm’s inadequate technology created problems long before the run on the bank. Story Published at: March 12, 2023 at 10:46PM
Bank Bailouts Begin. Bitcoin Betters Banking.
via Cryptocurrency News & Discussion https://www.reddit.com/r/CryptoCurrency/comments/11ps6gs/bank_bailouts_begin_bitcoin_betters_banking/ With the collapse of Silicon Valley Bank this past week, the UK government has this evening announced planned bailouts from taxpayer funds. https://www.thetimes.co.uk/article/silicon-valley-banks-fall-is-a-threat-to-uks-tech-start-ups-sfngfjzll https://www.gov.uk/government/news/chancellor-update-on-silicon-valley-bank-uk https://www.telegraph.co.uk/business/2023/03/11/crisis-uk-start-ups-silicon-valley-bank-collapses/ We are entering a phase in the global economy, that 15 years ago, was the initial catalyst for the invention of Bitcoin. These past few days have once again […]