March 2023

SVB’s debacle is causing panic in China’s startup industry

March 10, 2023

The panic sparked by the collapse of Silicon Valley Bank is spreading to China, the world’s second-largest venture capital market. Across social media platforms, investors and startups are rushing to share news articles on the fiasco and thoughts on how to prevent such a catastrophic moment. For some companies, however, the impact is tangible. When […]

SVB’s debacle is causing panic in China’s startup industry by Rita Liao originally published on TechCrunch

SVB is already the talk of SXSW

March 10, 2023

Austin’s annual SXSW music, arts and tech festival just officially kicked off today, and it’s already clear that there’s going to be at least one central focus for the show: The ongoing collapse of Silicon Valley Bank (SVB) and its repercussions. I arrived on the ground this morning, and overheard people talking about it on […]

SVB is already the talk of SXSW by Darrell Etherington originally published on TechCrunch

Uncertainty stands around multi-billion USDC empire as issuer Circle held reserves at Silicon Valley Bank

March 10, 2023

While the startup world digests the shocking implosion of well-known financial institution Silicon Valley Bank, the fallout may extend to the crypto world as well. One stablecoin in particular, USDC, was known as of Jan. 17 to have held some of its backing capital at SVB, funds that are likely now illiquid for several days. […]

Uncertainty stands around multi-billion USDC empire as issuer Circle held reserves at Silicon Valley Bank by Jacquelyn Melinek originally published on TechCrunch