The UK's Chancellor of the Exchequer Jeremy Hunt said that that SVB UK customers' deposits will be "protected, with no taxpayer support."
While it may be ironic, crypto prices were buoyed by news of government intervention in a banking crisis.
The disclosures came as the government affirmed that all deposits would be available come Monday morning.
The Bitcoin miner’s hash rate represented around 0.002% of the network’s total computational power.
The statement assured spooked investors that the U.S. "banking system remains resilient" despite the failure of several institutio...
The drastic move would require the bank's failure to be attributed to "systemic risk."
Silvergate and Silicon Valley Bank both went under this week. Stablecoin Circle slipped its peg in reaction to the news.
The federal government is instead focused on addressing the needs of SVB depositors.
Circle stated it would use corporate resources and "external capital if necessary" to ensure that USDC is redeemable for the US Do...
Circle says $3.3 billion of the cash reserves backing USDC remain at shuttered Silicon Valley Bank. USDC, DAI, and USDD have all d...
By developing various on-chain products and services, Coinbase is hoping to get users onto its new Base roll-up and scoop up more...
A market-wide selloff was well underway in the wake of the collapse of Silvergate Bank. Then Silicon Valley Bank imploded.
After Circle disclosed how much of its USDC stablecoin is backed by reserves held by Silicon Valley Bank, exchanges show caution s...
The effects of Silicon Valley Bank's failure are only beginning to be felt. Here's what's going on.
The privacy-centric browser is trying to boost crypto self-custody by providing an off-ramp within its integrated wallet.
The exchange has made changes to the way staked assets can be transferred and sold, emphasizing that customers earn rewards via pr...
The company behind the massively popular Nintendo video game series could be exploring Web3 moves, based on a new job listing.
The president’s ambitious tax plan has new rules for digital assets—how will it affect the ordinary trader?
Silicon Valley Bank was closed by California's financial regulator and insured depositors can expect to withdraw their money by Mo...