Documents released by the Federal Deposit Insurance Corp (FDIC) revealed that Sequoia Capital and Circle were among the top depositors at Silicon Valley Bank. These high-profile clients were given backstops of up to $1 billion by the regulator.
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The U.S. Department of Justice has charged two Russian nationals for hacking Mt Gox in 2011 and stealing over 647,000 BTC from the Bitcoin exchange.
Summary: “Coinbase has never registered with the SEC” as a securities exchange, the U.S. Securities and Exchange Commission filed in...
Coinbase faces a lawsuit that alleges biometric privacy violations in Illinois over how the company collects and stores sensitive KYC data.
The Global Financial Stability Report published by the International Monetary Fund (IMF) has reiterated the need for consistent regulation and adequate regulation of the crypto industry.
Summary: U.S. state regulators investigated Robinhood after the retail trading platform suffered outages in March 2020. Regulators from California, Alabama,...
Circle CEO Jeremy Allaire has stated that his firm may be able to recover all of the $3.3 billion stuck at Silicon Valley Bank. In case the recovery is delayed, Circle will back USDC using external capital if necessary, he added.
Silicon Valley Bank has been shut down by the California Department of Financial Protection and Innovation due to inadequate liquidity and insolvency. The bank's shares were halted earlier today after a 66% slump in premarket trading.