Silicon Valley Bank

(Tuomas A. Lehtinen/Getty Images, modified by CoinDesk)

Opinion

Bitcoin Is a Clear Winner of the U.S. Banking Crisis

The narratives around bank failures, stablecoins and interest rate hikes seem strong enough to propel the price of bitcoin, says CoinDesk's George Kaloudis.

By George Kaloudis

Mar 17, 2023 at 3:26 p.m. UTC

Mar 17, 2023

OpinionBitcoinSilicon Valley BankSignature BankSilvergate BankJerome PowellFedCredit SuisseBinanceCoinbase

SVB Implosion Tanked NFT Trading Volumes, DappRadar Report Suggests

Video

Cdtv

SVB Implosion Tanked NFT Trading Volumes, DappRadar Report Suggests

The day after the Federal Deposit Insurance Corp. took control of Silicon Valley Bank, there were only 12,000 active NFT traders, according to DappRadar. That's a number not s...

By CoinDesk Staff

Mar 17, 2023 at 3:03 p.m. UTC

Mar 17, 2023

cdtvNFTDappRadarFM ClipFDICWeb3Animoca BrandsYat SiuSaudi ArabiaSilicon Valley BankCulture WeekNuqtah

SVB Financial Group Files for Chapter 11 Bankruptcy Protection

Video

Nikhilesh de

SVB Financial Group Files for Chapter 11 Bankruptcy Protection

Silicon Valley Bank's former parent company SVB Financial Group has filed for Chapter 11 bankruptcy protection. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh...

By CoinDesk Staff

Mar 17, 2023 at 2:08 p.m. UTC

Mar 17, 2023

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SVB Financial, the parent company of Silicon Valley Bank, filed for bankruptcy in New York. (Shutterstock)

Finance

Banks

Silicon Valley Bank's Former Parent Company Files for Bankruptcy

The bank had some crypto customers, including Circle Internet Financial and Ripple.

By Jamie Crawley

Mar 17, 2023 at 12:37 p.m. UTC

Mar 17, 2023

banksBankruptcySilicon Valley BankSvb financial

FDIC Reportedly Asking Banks to Submit Bids for SVB, Signature by Friday

Video

Reuters

FDIC Reportedly Asking Banks to Submit Bids for SVB, Signature by Friday

Reuters reports the FDIC is asking banks interested in buying Silicon Valley Bank and Signature Bank to submit their bids by Friday. This comes as liquidity is on everyone’s m...

By CoinDesk Inc

Mar 16, 2023 at 7:46 p.m. UTC

Mar 16, 2023

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Policy

Fdic

Former FDIC Regulator: Friendliness Toward Crypto 'Does Not Exist'

Efforts to keep crypto companies from the U.S. banking system may have been taking place even before the recent bank collapses, Jason Brett told CoinDesk TV's "First Mover."

By Fran Velasquez

Mar 16, 2023 at 7:12 p.m. UTC

Mar 16, 2023

FDICCoinDesk TVJason brettSilvergate BankSignature BankSilicon Valley BankKey bridge advisors

Podcasts

Consensus

The Scrumptious Irony of the Silicon Valley Bank Collapse

Crypto companies are scrambling to find new banking partners after last weekend’s collapse. Plus: A conversation with photographer Dave Krugman on the “attention economy.”

By Ben Schiller Danny Nelson Cam Thompson

Mar 16, 2023 at 2:57 p.m. UTC

Mar 16, 2023

ConsensusPodcastSilvergateSilicon Valley BankSignature BankNFTs

Finance

Opinion

Stop Blaming Crypto for Traditional Finance Failures

After the recent collapse of three banks – Silicon Valley Bank, Silvergate Bank and Signature Bank – many pointed fingers at crypto as the cause. But crypto may actually be th...

By DJ Windle

Mar 16, 2023 at 12:45 p.m. UTC

Mar 16, 2023