It will be possible for the bank to keep most of its assets during the bankruptcy process. SVB voluntarily filed for Chapter 11 bankruptcy in the United States Bankruptcy Court. Silicon Valley Bank (SVB) has declared its intention to file for bankruptcy in order to sell its assets. In an effort to protect its assets,…
Overtveldt, a member of the European Parliament and former Belgian finance minister, has called for a cryptocurrency prohibition. Van Overtveldt made the statements as the European Parliament prepares to vote on the region’s landmark crypto licensing regulations. In response to the turbulence in the banking industry, Johan Van Overtveldt, a member of the European Parliament…
NFT trading volumes took a massive hit following the collapse of SVB last week, as per a recent DappRadar report. There were only 11,440 active NFT traders on the day after the FDIC took control of SVB, the lowest count since November 2021. There were only 11,440 active non-fungible token (NFT) traders on 11 March,…