HSBC Acquires Silicon Valley Bank UK Limited
Strategic acquisition to strengthen banking franchise of HSBC in UK.
Circle:$3.3 Billion of USDC Reserve Risk Removed, Dollar De-Peg Closes
The $3.3B USDC reserve deposit held at Silicon Valley Bank, about 8% of the USDC total reserve, will be fully available when U.S. banks open tomorrow morning.
Silicon Valley Bank and Silvergate Bank Implode; USDC Stablecoin Depegs From $1 | Cointime Weekly Mar.05 – Mar.11
Silvergate closes as crypto banking concerns spread; Meta is building a decentralized, text-based social network; Biden proposes 30% tax on crypto mining electricity usage; CFTC chair says Ethereum and stablecoins are commodities.
