#News #Australia #Banks #Cryptotransaction #SVB Following the spread of the Silicon Valley Bank (SVB) crisis, Australia’s prudential regulator has reportedly requested local banks to record cryptocurrency transactions. The Australian Financial Review…

#News #Australia #Banks #Cryptotransaction #SVB Following the spread of the Silicon Valley Bank (SVB) crisis, Australia’s prudential regulator has reportedly requested local banks to record cryptocurrency transactions. The Australian Financial Review…

#SVB Failure Circle, the issuer of the second-largest stablecoin by market capitalization, usd coin (#USDC), addressed the public on Saturday, 

noting that the firm will be ready on #Monday to “handle significant volume.” The company discussed the failure of Silicon Valley Bank (#SVB) and also emphasized the USDC’s

#SVB Failure Circle, the issuer of the second-largest stablecoin by market capitalization, usd coin (#USDC), addressed the public on Saturday, 

noting that the firm will be ready on #Monday to “handle significant volume.” The company discussed the failure of Silicon Valley Bank (#SVB) and also emphasized the USDC’s

In light of the recent events involving #SVB, #Circle also announced it was working on “expanded relationships” with existing partners, including #BNY #Mellon.

After the #SVB fallout, Oliver von Landsberg-Sadie, #CEO of #BCB Group, tweeted that the group has no ties with SVB or Signature and no “material amount of its own” in #USDC.

In light of the recent events involving #SVB, #Circle also announced it was working on “expanded relationships” with existing partners, including #BNY #Mellon.

After the #SVB fallout, Oliver von Landsberg-Sadie, #CEO of #BCB Group, tweeted that the group has no ties with SVB or Signature and no “material amount of its own” in #USDC.

The news comes after authorities in the #United #States ordered #SVB to shut down operations on March 10, triggering panic in #crypto markets because some major crypto companies like #Circle and Coinbase had significant exposure to the #bank.

“#SVB #UK customers can continue to bank as usual, safe in the knowledge that their deposits are backed by the strength, safety and security of #HSBC.”

“We welcome #SVB UK’s customers to #HSBC and look forward to helping them grow in the UK and around the world,” Quinn said, adding

“Final calculation of the gain arising from the acquisition will be provided in due course,” #HSBC wrote, adding that the assets and liabilities of the parent companies of #SVB #UK are excluded from the transaction. 

For the #financial year ending Dec. 31, 2022, #SVB #UK recorded a profit before tax of 88 million pounds ($107 million). SVB UK’s tangible equity is expected to be around 1.4 billion pounds ($1.7 billion).

As of March 10, 2023, #SVB #UK had loans of around 5.5 billion pounds ($6.7 billion) and deposits of around 6.7 billion pounds ($8.1 billion), #HSBC said in the announcement

#HSBC officially announced on March 13 that its subsidiary, HSBC #UK #Bank, is acquiring Silicon Valley Bank UK (#SVB UK) for 1 British pound ($1.21).

#SVB, #Wells Fargo, I guess this is building our overlords case for a Federal #cryptocurrency and central bank.

#News #Australia #Banks #Cryptotransaction #SVB Following the spread of the Silicon Valley Bank (SVB) crisis, Australia’s prudential regulator has reportedly requested local banks to record cryptocurrency transactions. The Australian Financial Review…

The news comes after authorities in the #United #States ordered #SVB to shut down operations on March 10, triggering panic in #crypto markets because some major crypto companies like #Circle and Coinbase had significant exposure to the #bank.

“#SVB #UK customers can continue to bank as usual, safe in the knowledge that their deposits are backed by the strength, safety and security of #HSBC.”

“We welcome #SVB UK’s customers to #HSBC and look forward to helping them grow in the UK and around the world,” Quinn said, adding

“Final calculation of the gain arising from the acquisition will be provided in due course,” #HSBC wrote, adding that the assets and liabilities of the parent companies of #SVB #UK are excluded from the transaction. 

For the #financial year ending Dec. 31, 2022, #SVB #UK recorded a profit before tax of 88 million pounds ($107 million). SVB UK’s tangible equity is expected to be around 1.4 billion pounds ($1.7 billion).

As of March 10, 2023, #SVB #UK had loans of around 5.5 billion pounds ($6.7 billion) and deposits of around 6.7 billion pounds ($8.1 billion), #HSBC said in the announcement

#HSBC officially announced on March 13 that its subsidiary, HSBC #UK #Bank, is acquiring Silicon Valley Bank UK (#SVB UK) for 1 British pound ($1.21).

#SVB, #Wells Fargo, I guess this is building our overlords case for a Federal #cryptocurrency and central bank.

#CoinGabbar News After #SVB Collapse, US Regulators Shut Down Crypto-Friendly #SignatureBank of #NewYork

#News #Australia #Banks #Cryptotransaction #SVB Following the spread of the Silicon Valley Bank (SVB) crisis, Australia’s prudential regulator has reportedly requested local banks to record cryptocurrency transactions. The Australian Financial Review…

In light of the recent events involving #SVB, #Circle also announced it was working on “expanded relationships” with existing partners, including #BNY #Mellon.

After the #SVB fallout, Oliver von Landsberg-Sadie, #CEO of #BCB Group, tweeted that the group has no ties with SVB or Signature and no “material amount of its own” in #USDC.

In light of the recent events involving #SVB, #Circle also announced it was working on “expanded relationships” with existing partners, including #BNY #Mellon.

After the #SVB fallout, Oliver von Landsberg-Sadie, #CEO of #BCB Group, tweeted that the group has no ties with SVB or Signature and no “material amount of its own” in #USDC.

The news comes after authorities in the #United #States ordered #SVB to shut down operations on March 10, triggering panic in #crypto markets because some major crypto companies like #Circle and Coinbase had significant exposure to the #bank.

“#SVB #UK customers can continue to bank as usual, safe in the knowledge that their deposits are backed by the strength, safety and security of #HSBC.”

“We welcome #SVB UK’s customers to #HSBC and look forward to helping them grow in the UK and around the world,” Quinn said, adding

“Final calculation of the gain arising from the acquisition will be provided in due course,” #HSBC wrote, adding that the assets and liabilities of the parent companies of #SVB #UK are excluded from the transaction. 

For the #financial year ending Dec. 31, 2022, #SVB #UK recorded a profit before tax of 88 million pounds ($107 million). SVB UK’s tangible equity is expected to be around 1.4 billion pounds ($1.7 billion).

As of March 10, 2023, #SVB #UK had loans of around 5.5 billion pounds ($6.7 billion) and deposits of around 6.7 billion pounds ($8.1 billion), #HSBC said in the announcement

#HSBC officially announced on March 13 that its subsidiary, HSBC #UK #Bank, is acquiring Silicon Valley Bank UK (#SVB UK) for 1 British pound ($1.21).