The news of Silicon Valley Bank’s failure is a major blow for the global economy. Founded in 1983, Silicon Valley Bank (SVB) was once a powerhouse of innovation and financial services, offering trillions in loans and venture capital to hundreds of tech start-ups. With its extensive network of relationships in the tech and venture capital… Continue reading Silicon Valley Bank has failed
Category: bank
Silvergate’s shiny
Crypto banking giant Silvergate, one of the first dozen financial institutions to offer full banking services to cryptocurrency exchanges and custodians, is planning to shut down after just three years of operations. The unexpected news has sent shockwaves through the crypto community and many wonder what went wrong. Silvergate was formed in September 2017 with… Continue reading Silvergate’s shiny
Hatch hackers
Hatch Bank, a leading financial institution in the United States, recently admitted that 140,000 of their customers’ Social Security numbers were obtained by hackers using a bug in Fortra, the company’s online safety program. Fortra is a recently created online platform that provides customers with secure online banking, allowing customers to access their bank accounts… Continue reading Hatch hackers
SEC Complaint Says Do Kwon Transferred 10,000 Bitcoin From Terra to a Swiss Bank
The Securities and Exchange Commission (SEC), the U.S. government regulator responsible for protecting investors and ensuring compliance with capital market rules, has filed a complaint against Do Kwon, a South Korean national who allegedly transferred 10,000 Bitcoin (BTC) from Terra Exchange to a Swiss bank account. The complaint was filed in the U.S. District Court… Continue reading SEC Complaint Says Do Kwon Transferred 10,000 Bitcoin From Terra to a Swiss Bank