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    Silicon Valley Bank

    Coinbase Offered $3 Billion Credit Line To Circle Following USDC’s De-Peg

    Coinbase reportedly offered a $3 billion credit line to Circle last week. The funds were meant to serve as a backstop for the reserve that...

    SVB Financial Group Files for Chapter 11 Bankruptcy Protection to ‘Preserve’ Firm’s Value

    On March 17, 2023, SVB Financial Group, the parent company of Silicon Valley Bank, filed for Chapter 11 bankruptcy protection in the Southern...

    Report: Shanghai Bank Mulls Buying Silicon Valley Bank’s Stake in Chinese Subsidiary

    According to reports, Shanghai Pudong Development Bank may acquire the China-based subsidiary of Silicon Valley Bank (SVB). Authorities in the Chinese city of...
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    Circle May Be Able To Recover All $3.3 Billion Stuck At Silicon Valley Bank

    Circle CEO Jeremy Allaire has stated that USDC will be supported through external capital if necessary. The Circle executive revealed that the company had initiated...

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