The value of major cryptocurrencies rose Monday in the wake of U.S. government plans to protect SVB and Signature Bank depositors.
Bitcoin rallies over 18% in 24-hour span in wake of SVB crisis by Jacquelyn Melinek originally published on TechCrunch
Rivian is in discussions with Amazon to dissolve the exclusivity piece of their commercial EV van deal, the WSJ reported this morning citing unnamed sources. If successful, Rivian would be free to sell its commercial all-electric vans to other customers. The talks are ongoing, according to WSJ’s sources. Amazon confirmed that the exclusivity deal still […]
Rivian in talks with Amazon to remove exclusivity clause of EV van agreement by Kirsten Korosec originally published on TechCrunch
Etsy is starting to process seller payments via its other payment partners this morning following the collapse of Silicon Valley Bank, the company confirmed to TechCrunch. On Friday, the online marketplace warned sellers in an email that the collapse of Silicon Valley Bank was causing delays in processing payments and that it was working on […]
Etsy begins processing seller payments via alternative partners after delays caused by SVB implosion by Aisha Malik originally published on TechCrunch
Shares of First Republic Bank fell sharply in early trading this morning, which caused trades of the company to be paused due to volatility, implying investor discomfort with the financial institution despite government activity over the weekend to sort the Silicon Valley Bank crisis and potential cascading effects. The volatility comes just days after a […]
First Republic Bank shares plunge, prompting trading halt as startups process SVB crash by Natasha Mascarenhas originally published on TechCrunch
On Monday, the blockchain monitoring firm PeckShield sent an ominous tweet directed at the crypto lending platform Euler Fiance, simply saying: “Hi […] you may want to take a look.” What the firm was suggesting Euler take a look at was a series of transactions that indicated there was an ongoing hack against Euler. According […]
Hackers steal around $200 million from crypto lender Euler Finance by Lorenzo Franceschi-Bicchierai originally published on TechCrunch
With the dust settling on a pretty miserable, if brief, chapter in the startup world, let’s sit back and consider what we’ve learned and what’s ahead.
As the SVB dust begins to settle, what’s ahead for startups, VCs, and the banking industry? by Alex Wilhelm originally published on TechCrunch