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March 10, 2023, 1:25 PM
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WeSmirchTop News
| CNBC: |
California regulators close SVB, appoint the FDIC as receiver to protect insured deposits; SVB had ~$209B in assets and $175.4B in deposits at the end of 2022 — This is breaking news. Please check back for updates.
More:
FDIC, The Department …, CoinDesk, TechCrunch, The Verge, New York Times, Sifted, The Economic Times, TechCrunch, Silicon Valley Business …, Newcomer, The Block, Bloomberg, Decrypt, PYMNTS.com, AltFi, Axios, Crowdfund Insider, NBC Bay Area, WRAL TechWire, CryptoSlate, Financial Times, and Reuters
LinkedIn:
Arjun Sethi, John Stepek, Eunice Ajim, Sahil Mansuri, Amy Lewin, and Kristina Hooper
Mastodon:
@downey@floss.social and @ukuku@mstdn.social
Tweets:
@thestalwart, @fdicgov, @grdecter, @tier10k, @unusual_whales, @cramertracker, @nikitabier, @bhargreaves, @parkerconrad, @roshanpatei, @wallstcynic, @bhargreaves, @cz_binance, @smtuffy, @bucknsf, @litcapital, @immad, @zerohedge, @jcoviedo6, @parikpatelcfa, @jasondebolt, @seawolfcap, @thetranscript_, @pinboard, @kevinyun, @shaig, @eperlste, @jason, @davetroy, @adamscochran, @adamscochran, @garrytan, @bhargreaves, @jonwu_, @bhargreaves, @grdecter, @luke_metro, @bhargreaves, @iwriteok, @flying_mom, @functi0nzer0, @thebondfreak, @kiarichards_, @zosegal, @adamscochran, @chriscamillo, @packym, @jamesclayton5, @jenwieczner, @bhargreaves, @growing_daniel, @lopp, @shaig, @elidourado, @dkthomp, @sullycnbc, @0xc0le, @arlanwashere, @lulumeservey, @fdicgov, @chopracfpb, @oxdeadbeef_, @nickadobos, @heylizelle, @arrington, @adamscochran, @pt, @modestproposal1, @sama, @scobleizer, @msuster, @msuster, @kashhill, @cjc, @stshank, @ciovaccocapital, @jeffreyatucker, @business, @nicoleperlroth, @luke_broyles, @deepakshenoy, @hannahdlang, @caro, @schuldensuehner, @dkthomp, @lulumeservey, @karenpetrou, @balajis, @brendanpedersen, @marietjeschaake, @amitranjan, @carnage4life, @film_girl, @carnage4life, @kateclarktweets, @mvpeers, @film_girl, @californiadfpi, @dnak, @amir, @danprimack, @edzitron, @rafat, @gregorynyc, @pinboard, @startupljackson, @macconwell, @ericnewcomer, @shonaghosh, @hugh_son, @kateclarktweets, @jessicalessin, @etxeba, @tier10k, @danprimack, @thestalwart, @rickasaurus, @teroterotero, @pitdesi, @eug_ng, @josh_young_1, @ericnewcomer, @semil, @kgreifeld, @ericnewcomer, @ow, @business, @kateclarktweets, and @ruima
| Jesse Pound / CNBC: |
Sources: SVB Financial, parent of Silicon Valley Bank, is in talks to sell itself after attempts to raise capital failed — SVB Financial , parent of Silicon Valley Bank, is in talks to sell itself, sources told CNBC's David Faber. Attempts by the bank to raise capital have failed …
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Wall Street Journal, Newcomer, The Information, TechCrunch, CNBC, SiliconANGLE, PYMNTS.com, CNN, The Economic Times, Bloomberg, Finextra, The Verge, Tech.eu, Crunchbase News, New York Post, Crypto Briefing, CryptoPotato, Insider, Fortune, CoinGape, Bitcoin News, NBC Bay Area, and WRAL TechWire
Tweets:
@jyarow, @danprimack, @lopezlinette, @danprimack, @mvpeers, @business, @peteryared, @bobbrinker, @frances_coppola, @anthony, @silviakillings, and @robinwigg
| Financial Times: |
Silicon Valley Bank launches a $2.25B share sale after losing ~$1.8B on its ~$21B of US Treasuries and mortgage-backed securities — Technology-focused lender suffered loss on $21bn portfolio of Treasuries and mortgage-backed securities — Silicon Valley Bank has launched a $2.25bn share sale …
More:
SVB Financial Group, Reuters, Wall Street Journal, The Information, Wall Street Journal, TechCrunch, Bloomberg, New York Post, CoinDesk, PYMNTS.com, New York Times, Pirate Wires, Quartz, Cointelegraph, The Information, Fortune, AltFi, BBC, TechCrunch, Financial Times, Bloomberg, Axios, NBC News, Moodys.com, Financial Times, Coinspeaker, and Coinspeaker
Tweets:
@billackman, @thebenbergman, @howard, @sullycnbc, @nmasc_, @danprimack, @grdecter, @msuster, @gunjanjs, @deitaone, @thestalwart, @econderek, @business, @pitdesi, @parikpatelcfa, @pkedrosky, @alexlmiller, @thetranscript_, @jamiequint, @rafat, @chrismessina, @johnhenrystyle, @anthony, @pitdesi, @jackiereses, @nabeel, @amir, @isaach, @utekkare, @danprimack, @itstarh, @gunjanjs, @anildash, @tier10k, @grandtokamak, @danprimack, @jessicalessin, @juroosawa, @leoringer, @frognews, @levie, @caitlinlong_, @jessicalessin, @danprimack, @anandwrites, @nomiprins, and @mayhem4markets
| Erin Woo / The Information: |
Some VC firms are encouraging their portfolio companies to pull funds out of Silicon Valley Bank while others are advising startups to keep no more than $250K — Silicon Valley Bank CEO Greg Becker on Thursday told top venture capitalists in Silicon Valley to “stay calm” …
More:
Bloomberg, Bloomberg, TechCrunch, GeekWire, The Economic Times, Finextra, VICE, Silicon Valley Business …, Bloomberg, Decrypt, Semafor, Livemint, Sifted, New York Times, New York Post, WRAL TechWire, City A.M., CNBC, Cointelegraph, Fast Company, Kiiski's Newsletter, Stock Quest, Insider, Tech in Asia, Fortune, and crypto.news
Tweets:
@msuster, @bobeunlimited, @kateclarktweets, @samirkaji, @ericvishria, @villi, @anothercohen, @adamsternbach, @brianlaungaoaeh, @gergelyorosz, @amir, @danprimack, @msuster, @cryptomichnl, @zck, @seyitaylor, @bryce, @bobeunlimited, @gergelyorosz, @edmundlee, @gergelyorosz, @gergelyorosz, @msuster, @newsynick, @birdyword, @schuldensuehner, @nmasc_, @lastbearstandng, @dampedspring, @moorehn, @rewkang, @tomgara, @carnage4life, @katie_roof, @samirkaji, @davidgura, @smalter, and @thestalwart
| Lizette Chapman / Bloomberg: |
Email: VC firm Greenoaks warned founders of potential problems at SVB in November 2022; a source says over 12 portfolio companies withdrew ~$1B in recent months — Venture investment firm Greenoaks Capital Partners warned its startup founders of potential problems at SVB Financial Group's Silicon Valley Bank …
More:
The Economic Times, Finextra, and Moneycontrol
Tweets:
@robinwigg, @fedguy12, @fedguy12, @0xfbifemboy, @fedguy12, @du09btc, @jamespmcleod, @ferrotv, @somospostpc, @thetranscript_, @alex, and @ukarlewitz
| Casey Newton / Platformer: |
Meta is exploring a standalone decentralized social network for sharing text updates; the app, codenamed P92, will reportedly let users log in with Instagram — Is this the Twitter replacement we've been waiting for? … Twitter's decline is paving the way for other platforms to build next-generation replacements.
More:
Moneycontrol, TechCrunch, Reuters, SiliconANGLE, PCMag, Engadget, Reuters, Gizmodo, Thurrott, Techdirt, Insider, CoinDesk, Pocket-lint, Cryptopolitan, CNBC, Neowin, Coinspeaker, Coinmonks, gHacks Technology News, crypto.news, Mashable, Tech.co, Cointelegraph, Silicon Republic, and Watcher Guru
Mastodon:
@matt@isfeeling.social. Tweets:
@defnotbeka, @ignactro, @garethlpowell, @banklesshq, @sriramk, @nydoorman, @stillgray, @originalspin, @giancarlochaux, and @producthunt
| Filipe Espósito / 9to5Mac: |
Kuo: Apple plans to unveil a redesigned HomePod with a built-in 7-inch display in H1 2024, enabling tighter integration with Apple's other hardware products — Apple this year introduced a new HomePod that looks exactly like the original model announced in 2017 and discontinued in 2021.| Arjun Kharpal / CNBC: |
Bitcoin falls ~8% to ~$19,900, a near two-month low, and ether falls 8%+ to ~$1,400, after a selloff of US stocks, rising interest rates, and troubles at SVB — - Bitcoin fell below $20,000 on Friday hitting a near-two month low after a stock market sell-off in the U.S.
More:
PYMNTS.com, CoinDesk, Wccftech, and Tech Startups
Tweets:
@ap_abacus, @wublockchain, @carnage4life, and @smtuffy
| CoinDesk: |
New York's AG sues KuCoin, alleging the Seychelles-based crypto exchange offers tokens, such as ETH, that meet the definition of a security, without registering — A press release said the lawsuit was part of ongoing “efforts to crack down on unregistered cryptocurrency platforms.”| Financial Times: |
German states Bavaria and North Rhine-Westphalia are reviewing how police use Palantir's tech after a court ruled laws on data mining by police were too broad — US data group seeking government contracts In Europe faces pushback over privacy concerns — German states are rethinking …
Tweets:
@karolcummins and @laurapitel
| Karissa Bell / Engadget: |
Report: Meta pauses Reels Play bonuses in the US; launched in 2021, the program promised Facebook and Instagram creators up to $35K a month based on view counts — Meta seems to be phasing out one of the key initiatives that helped Reels creators on Facebook and Instagram get paid.| Financial Times: |
Sources: after lobbying by Apple, Foxconn, and others, India's Karnataka state now allows two-shift production and 12-hour shifts, similar to practices in China — Lobbying in Karnataka leads to landmark legislation that anticipates iPhone production in southern state
More:
Gadget Tendency, 9to5Mac, Ars Technica, AppleInsider, DigiTimes, MacDailyNews, and iMore
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