Filing shows BlockFi has uninsured $227M in Silicon Valley Bank fund
BlockFi’s capital allocated to the money market mutual fund is not FDIC insured; however, the fund doesn’t appear to be managed by Silicon Valley Bank.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
BlockFi’s capital allocated to the money market mutual fund is not FDIC insured; however, the fund doesn’t appear to be managed by Silicon Valley Bank.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
MrBeast’s New Banking App Step Shows No Signs of Crypto
Nine months after ether treasury giant Bitmine invested $200 million in top YouTuber MrBeast’s company, Beast Industries, MrBeast...
European Banking Authority Puts USDC Under Significant-Token Supervision
The European Banking Authority has designated USDC as the EU’s first significant e-money token under MiCA, setting up an additiona...
JPMorgan Takes JPM Coin To Ethereum As Banks Test Public-Chain Settlement
JPMorgan is taking its bank-issued deposit token onto public Ethereum, an expansion that puts an established Wall Street payments...
Pantera Leads $10 Million Fission Funding Round To Solve Tokenized Fund Liquidity Problem
TL;DR: Tokenization infrastructure firm Fission has raised $10 million in a funding round led by Pantera Capital. It wants to make...
Binance.US Seeks $100 Million Funding Round At $1 Billion Valuation
TL;DR: Binance.US is reportedly seeking up to $100 million from private investors at a proposed valuation of approximately $1 bill...
Centrifuge’s JAAA tokenized fund hits roughly 47% utilization across DeFi
The growing utilization of Centrifuge's JAAA token in DeFi could enhance capital efficiency but also heightens collateral risk exp...