Crypto Shaken as SVB Risk Depegs Second-Largest Stablecoin

(Bloomberg) -- The fallout from the failure of Silicon Valley Bank reached further into crypto, unhinging a key cog in the market that’s meant to be among the safest digital assets in the space.Most Read from BloombergStartup Bank Had a Startup Bank RunSVB’s 44-Hour Collapse Was Rooted in Treasury Bets During PandemicSVB’s Auction Block Includes VC-Focused Lender, Wealth UnitSilicon Valley Bank Swiftly Collapses After Tech Startups FleeFrom Santa Clara to Shoreditch, SVB Fallout Spreads Around W

• 2023-03-12
• Silicon Valley Bank USD Coin BNY Mellon Bloomberg digital assets cash reserves stablecoin

Australian Crypto Gaming Firm Immutable Cuts Staff By 11%

The CEO blamed the lay-offs on a need to maximise how long its cash reserves will last.

• 2023-02-22
• James Ferguson Sydney Morning Herald Immutable cash reserves