Tag Archives: silicon valley bank

Regional banks are financial institutions that operate in specific geographic areas of the country and often provide a variety of banking services such as deposit accounts, loans, and other financial goods. PacWest Bancorp (NASDAQ: PACW), an American regional bank with headquarters in Beverly Hills, California has reduced its shareholder’s dividends amid the current banking crisis. This bold gesture has helped ticked the sheer recovery in the shares of the regional bank. As reported by...

Jim Cramer – the famed host of “Mad Money” on CNBC – has commented that bitcoin has no real use case, and he thinks the biggest digital currency by market cap will dry up faster than a riverbed. Jim Cramer Thinks BTC Won’t Last Long Is he right? His words come during a time when bitcoin appears to be picking up steam. The currency was depleted of all its resources and energy during 2022, which is arguably the most bearish year on record for bitcoin. During that time, the...

The recent price revival of bitcoin has got everyone feeling hopeful again. So much, in fact, that bitcoin is (for the umpteenth time) being labeled digital gold. The Reputation of Bitcoin Is Again Reaching a High Point The price of bitcoin recently rose beyond the $26,000 mark. The news was interesting and odd in many ways given it was happening during a time when several banks (Silvergate, Signature, Silicon Valley, etc.) were crashing and burning. In addition, these...

Many former customers of Silicon Valley Bank have come close to falling victim to crypto scams. The cyberthieves seek to garner the victims’ bank account information, which includes their computer data. From there, they target their systems with malware as a means of mining crypto from their computers or stealing whatever digital assets they’ve put away. Silicon Valley Bank Customers Should Watch Out Silicon Valley Bank was one of three banks to be shut down in the past...

With the fall of Silicon Valley Bank and Signature Bank, many people are wondering if crypto played any role in the crumbling of both financial institutions as they were the number two and number three largest bank failures in US history. Is Crypto to Blame? These questions come largely because 2022 was marred by the collapse of FTX, a leading digital currency exchange that within three years, rose through the ranks to become a top five digital currency trading platform....

Three major financial closures happened over the course of two weeks in mid-March. The institutions that shut their doors were Signature Bank, Silicon Valley Bank, and Silvergate. Despite all this, crypto assets like bitcoin appear to be rallying. Bitcoin Is Doing Well Despite Bank Turmoil Many analysts are offering different thoughts on the situation, one of which is Alex Kuptsikevich, a senior market analyst at FX Pro. He mentioned in a statement: Bitcoin faces an...

Another major bank has closed. This time, the victim is crypto institution Signature Bank, which is the last major digital currency bank in the U.S. Signature Bank Is Latest Financial Firm to Shut Down The fall of Signature is the third major crumbling over the course of a few weeks. The first was Silvergate, which was later followed by Silicon Valley Bank. The real scary aspect regarding Signature was that it housed many of the world’s USDC units, which is a stable...

Binance – the world’s largest and most popular digital currency exchange – is converting more than $1 billion of its stable currency BUSD (Binance USD) into bitcoin, Ethereum, and various other digital assets. Binance Is Converting a Lot of Its Stable Asset The news came about in a tweet issued by the company’s CEO Changpeng Zhao, who stated: Given the changes in stablecoins and banks, Binance will convert the remaining of the one billion Industry Recovery Initiative...

Bitcoin is truly an amazing asset. No matter what happens in the economy, no matter how bad things get, the world’s number one digital currency by market cap is still striving to do as well as it can, and its recent price rally – despite the collapse of financial institutions such as Silvergate and Silicon Valley Bank – is proof of this. Bitcoin Continues to Impress Us All To be fair, bitcoin has received a fair bit of support given that these banks and others like them...

About a month or so ago, Silicon Valley Bank (often known as SVB) went kaput and crashed, and many analysts said it was one of the biggest financial collapses to happen in America since the days of 2008 and the Great Recession. Silicon Valley Bank Has Gone Under During that time, as we all remember, banks like Washington Mutual either collapsed into a heaping pile of ash and brimstone or were bought out by larger monetary firms such as Chase Bank. In any case, Silicon...