More than 85% of Silicon Valley's Bank's Deposits Were Not Insured. Here's What That Means for Customers

More than 85% of Silicon Valley's Bank's Deposits Were Not Insured. Here's What That Means for Customers
Silicon Valley Bank was aptly named: It held the funds of hundreds of U.S. tech companies and was a crucial player in the valley’s economy. But on Friday, it became the second largest bank failure in U.S. history after a rapid run on its deposits. Some $175 billion in customer accounts were taken …

* VIEW the article originally published here.
** MORE curations: Al Cannistra at San Antonio ONE here.

‘$164 Billion Lost’: Norway Sovereign Wealth Fund Posts Biggest Loss Since 2008

‘$164 Billion Lost’: Norway Sovereign Wealth Fund Posts Biggest Loss Since 2008
If you thought the $3.6 billion of bitcoin seized by the US feds in their historic silk road crypto bust was big, just wait until you hear how much …

* This article was originally published here

Shiba Inu lead dev drops hint on Shibarium’s imminent release

Shiba Inu lead dev drops hint on Shibarium’s imminent release
The Shiba Inu community eagerly awaits the release of the highly anticipated Shibarium beta, and lead developer Shytoshi Kusama has given them a …

* This article was originally published here

Xapo Bank Becomes 1st Lender To Enable Near-Instant Bitcoin Payments

Xapo Bank Becomes 1st Lender To Enable Near-Instant Bitcoin Payments
Xapo Bank announced it has integrated the Lightning Network and formed a partnership with Lightspark. This collaboration will make the organization …

* This article was originally published here