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Meta Will End Support for NFTs on Instagram, Facebook.
Meta’s Stephane Kasriel said on Twitter the decision is prompted by a desire “to focus on other ways to support creators, people, and businesses.” origin »
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FDIC Planning to Try Auctioning Silicon Valley Bank Again: WSJ.
The designation of SVB’s failure as a potential systemic threat gives the FDIC more options to sell the bank. origin »
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BlockTower Capital Funds Had Exposure to Silvergate, Signature Bank.
Four funds with about $940 million in gross asset value had exposure to the custodians, as of May 2022. origin »
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Binance GBP Funding On-/Off-Ramp to Be Suspended in May.
The change will affect less than 1% of Binance customers, the exchange says. origin »
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Silicon Valley Bank's Parent Looking at Strategic Alternatives.
The SVB Financial Group appointed a restructuring committee for its venture capital and investment banking arm. origin »
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Does Silicon Valley Bank’s failure signal the second Great Financial Crisis?.
The US financial and banking system was rocked by the largest bank failure since the 2008 Great Financial Crisis which begs the question if we are on the brink of a new crisis. According to Brad McMillan, Chief Investment Officer for Commonwealth Financial Network, the answer is no. origin »
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Panic Mustn’t Be Allowed to Spread After SVB Collapse: EU Lawmaker.
Germany’s Markus Ferber said there needs to be a review of interest rate and sovereign bond exposures. origin »
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President Biden Calls for Stronger Bank Regulations in Wake of SVB, Signature Bank Collapses.
The government on Sunday evening stepped in to guarantee no losses will be borne by the lenders' depositors. origin »
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3 Reasons Why AI Crypto Will Dominate In 2023 – Avorak AI vs. SingularityNET.
With the increasing need for automation, the advent of AI crypto is timely in helping businesses become more efficient and effective. As blockchain technology evolves, there is a growing demand for AI applications that perform various functions, from natural language processing to predictive analytics. origin »
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