Crypto Biz: Peter Thiel eyes the SVB throne

Crypto Biz: Peter Thiel eyes the SVB throne

Peter Thiel and other billionaires are planning Erebor, a new bank to fill the void left by Silicon Valley Bank’s collapse — with crypto firms and startups in focus. Peter Thiel and other tech billionaires have reportedly spotted a major market opportunity in the void left by Silicon Valley Bank’s (SVB) 2023 collapse. They are…

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#What crisis? Big bank profits soar despite banking troubles 

#What crisis? Big bank profits soar despite banking troubles 

Large U.S. banks reported massive earnings Friday, signaling that the biggest institutions largely shrugged off the banking crisis stemming from Silicon Valley Bank’s collapse.  JPMorgan Chase, the largest bank in the nation, posted $12.6 billion in first-quarter profits, a whopping 52 percent increase from the same period last year.  Wells Fargo’s quarterly profits rose 32…

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# Crypto Biz: SVB collapses, USDC depegs, Bitcoin still up

# Crypto Biz: SVB collapses, USDC depegs, Bitcoin still up

” Crypto Biz: SVB collapses, USDC depegs, Bitcoin still up “ Crypto investors should know by now that it doesn’t take much to topple a distressed multi-billion-dollar firm. On March 10, California regulators officially shut down Silicon Valley Bank (SVB) 48 hours after the company disclosed it was in financial distress. As Cointelegraph reported at…

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# Banking crisis: What does it mean for crypto?

# Banking crisis: What does it mean for crypto?

” Banking crisis: What does it mean for crypto? “ Last week’s rapid collapse of Silvergate, Silicon Vallley Bank and Signature Bank have highlighted the fragility of the traditional banking sector while depriving crypto of the main fiat on-ramp points in the U.S.  Most observers agree that the collapse of SVB, like the one of…

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# US Bank collapse — Is crypto being targeted?

# US Bank collapse — Is crypto being targeted?

” US Bank collapse — Is crypto being targeted? “ Crypto-friendly banks in the United States, such as Signature Bank, served the likes of Paxos Trust, Celsius Network and other major crypto firms now suffering due to the recent decisions taken by the Federal Deposit Insurance Corporation (FDIC) and New York State Department of Financial Services….

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# SVB collapse chilled NFT trading volumes: DappRadar

# SVB collapse chilled NFT trading volumes: DappRadar

” SVB collapse chilled NFT trading volumes: DappRadar “ Nonfungible token (NFT) trading volumes took a massive beating following the collapse of Silicon Valley Bank (SVB) last week as traders fled the markets fearing the repercussions of a major United States bank going under. According to a March 16 report from data aggregation platform DappRadar,…

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