Investors Rally to Support Silicon Valley Bank Amidst Possible Closure

Over 125 venture capitalists and investors, including Sequoia Capital and General Catalyst, have pledged their support for Silicon Valley Bank (SVB) as the 40-year-old banking institution winds down its operations. The investors signed a statement in an effort to cushion the impact of the bank's possible closure and limit the fallout on tech companies that rely on SVB for funding and banking services. (Read More)

View Details

Report: Silicon Valley Bank Under FDIC Auction as Calls for Bailout Grow

The U.S. Federal Deposit Insurance Corporation (FDIC) began an auction process for Silicon Valley Bank (SVB) late Saturday night, according to reports. Final bids are due by Sunday afternoon. Unnamed sources indicate that the FDIC is seeking to close the deal promptly after California regulators closed the bank and placed it into FDIC receivership on [...]

The post Report: Silicon Valley Bank Under FDIC Auction as Calls for Bailout Grow appeared first on Crypto Breaking News.

View Details

‘Fiat Is Fragile’ — Silicon Valley Bank’s Collapse Sparks Finger-Pointing and Concerns of Contagion

Silicon Valley Bank (SVB) has become the center of attention after its collapse prompted the U.S. Federal Deposit Insurance Corporation (FDIC) to shut the bank down on Friday. It was the largest U.S. bank failure since 2008, and various alleged catalysts have been pointed to. Some believe venture capitalists caused a bank run, while others [...]

The post ‘Fiat Is Fragile’ — Silicon Valley Bank’s Collapse Sparks Finger-Pointing and Concerns of Contagion appeared first on Crypto Breaking News.

View Details

Bitget Launches Web3 Fund

Bitget has launched a Web3 Fund to support venture firms and projects globally, with a focus on Asian projects solving real-world problems. Bitget plans to partner with venture capitalists and expand its products and services in 2023. (Read More)

View Details

Crypto VCs reveal what theyre looking for in 2025

Political tailwinds in the US and anticipation of a friendlier regulatory climate are positive signs for the crypto industry.

View Details

Venture capital's ICO gambits left Bitcoin ecosystem underfunded - Adam Back

Venture capitalists have favoured ICOs in recent years, but Bitcoin-related startups are seeing renewed interest from investors.

View Details