SVBs Parent Company Files for Bankruptcy With Just $2.2B in Remaining Liquidity
TechGround’s top stories for the day include a malware outbreak traced to popular chat app Kik and extensive issues with HBO Go. Today feels like a good day to start…
SVBs
Stablecoins Endangered by SVB Mismanagement?
It is still unclear how USDC will fare after Silicon Valley Bank’s collapse, as many in the crypto industry are wondering whether their collapse will have larger implications on the…
Venture Capitalists Declare Fealties After SVBs Fall
Many investors in Silicon Valley Bank voiced criticism of CEO, Jack Dorsey and the company’s culture, accusing it of being overly reliant on tech startups for revenue. The bank’s failure…
SVB Debacle Sparks Uproar in Chinese Startups
As Silicon Valley Bank collapses, many companies in China are feeling the financial pressure. Some have already had to declare bankruptcy, and others are worried that the bank’s failure will…
