Friday that $3.3 billion of the $40 billion of its USD Coin cryptocurrency reserves remained at Silicon Valley Bank.
“Like other customers and depositors who relied on SVB for banking services, Circle joins calls for continuity of this important bank in the U.S. economy and will follow guidance provided by state and federal regulators,” the Boston-based company said in aThe bank, Circle said in another tweet, is one of six it uses for managing the 25 percent of USDC reserves held in cash. The company had about $44.
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Take the Knicks +3 to the bank today! BankCrash Knicks
Another example of the need to diversify risk categories.
SVB & FTX Both Democratic Party backers Both went woke Both went broke No bailout
That's what FDIC is about the government will step in because Biden loves to have handouts.
Monopoly money!
Everything Democrats push is equity-woke-identity politics, you are failing our country and citizenry. America is literally coming apart financially and societally in real time.
Western media go on deep sleep. So she depositers. Amount if Biden. To gives.? Tel western media and BBC. To cry on loudly. NATO. Western. Leaders shout.
did the man who destroyed Gawker sink the 16th largest bank?
VCs surprised an uninsured and unregulated piggy bank run like a VC hedge fund doesn’t care if their businesses lose money and get shut down. Sounds like someone doesn’t the Invisible Hand so much when it’s aimed at them.
FYI- BidenFlation caused the higher interest rates that caused this bank to collapse...
Why did Greg Becker sell his stock days before the collapse? Go to jail
all of a sudden the same people who oppose student debt relief support bailing out SVB
Build a business on a house of cards and collapse will eventual occur.