The bankruptcy of Silicon Valley Bank and its impact on the markets by Antonio Velardo
The banking crisis and subsequent collapse of Silicon Valley Bank presents a compelling case study that deserves analysis. Antonio Velardo tells us how SVB, one of the main lenders of venture capital funds and emerging technology companies, sank. The problem of diversification The bankruptcy of Silicon Valley Bank was partly due to the lack of…
SubmitpressreleaseindiaCrypto lending platform Genesis files for bankruptcy
Cryptocurrency lending platform Genesis Global Trading has filed for Chapter 11 bankruptcy, according to reports. The company, which is part of venture capital firm Digital Currency Group, has listed over 100,000 creditors in its filing, with liabilities ranging from $1.2 billion to $11 billion. The bankruptcy filing comes days after the US Securities and Exchange…