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March 12, 2023, 7:15 PM
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Mediagazer
memeorandum
WeSmirchTop News
| U.S. Department of the Treasury: |
The US Treasury, Federal Reserve, and the FDIC: all Silicon Valley Bank depositors will be “fully” protected, and their money will be available on March 13 — WASHINGTON, DC — The following statement was released by Secretary of the Treasury Janet L. Yellen …
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Board of Governors …, Wall Street Journal, The Verge, CNN, NBC News, CoinDesk, TechCrunch, Los Angeles Times, Variety, Crowdfund Insider, Fortune, Slashdot, socaltech.com, Finbold, Livemint, and Unusual Whales
Mastodon:
@gulovsen@cryptodon.lol. Tweets:
@nicktimiraos, @thestalwart, @levie, @levie, @neil_irwin, @eugenewei, @mhelft, @callumj, @zck, @ericnewcomer, @garrytan, @mgsiegler, @ljxie, @silvermanjacob, and @ericnewcomer
| Bloomberg: |
SVB draws support from 500+ VCs, including General Catalyst and Sequoia, while 5,000+ founders and CEOs sign a Y Combinator petition asking US Congress to act — More than 100 venture capital and investing firms have signed a statement supporting Silicon Valley Bank, part of mounting industry calls …
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Bloomberg, Financial Times, Financial Times, Y Combinator Blog, TechCrunch, TechCrunch, Cointelegraph, Financial Times, Fortune, Cryptonews, The Economic Times, Livemint, Arthuriana, Insider, Coinpedia Fintech News, Cryptopolitan, Reuters, and CoinDesk
Tweets:
@htaneja, @paulg, @garrytan, @garrytan, @micsolana, @reprokhanna, @davidsacks, @grdecter, @jeiting, @photomatt, @ryangrim, @marxgasol, @alex, @erikvoorhees, @joshsteinvc, @spignal, @ryangrim, @pt, @tomcoates, @quinneyeq, @cloud_opinion, @tfadell, @_jeremyflores, @jeffnolan, @ksimm, @antoinegara, @bigblackjacobin, @tolstoybb, @peterkolchinsky, @twobitidiot, @crv, @jefielding, @amuse, @bradsilverberg, @charlesarthur, @deitaone, @mattocko, @teroterotero, @m2jr, @davidgerard, @mansourtarek_, @quinneyeq, @katie_roof, @kevinrose, @can, @paulg, @ranjanxroy, and @ronconway
| Semafor: |
Sources: some hedge funds are offering to buy startups' SVB deposits for 60 to 80 cents on the dollar; filing: ~96% of deposits were uninsured as of December 31 — Hedge funds are offering to buy startups' deposits stranded at Silicon Valley Bank for as little as 60 cents on the dollar …
More:
Financial Times, The Information, PYMNTS.com, The Information, The Grumpy Economist, Insider, Apricitas Economics, CNBC, Bloomberg, and Reuters
Mastodon:
@chockenberry@mastodon.social and @DataDrivenMD@fedified.com
Tweets:
@heetermaria, @gchodorowreich, @lauramandaro, @amuse, @maxkennerly, @anthony, @jbillinson, @veronicasaron, @ashleevance, @dogetoshi, @counternotions, @alistairmbarr, @fchollet, @rakeshlobster, @rhinovian, @kateclarktweets, @armanddoma, @reedalbergotti, @_drew_mccoy_, @lizrhoffman, and @semaforben
| Rob Wile / NBC News: |
Etsy warns sellers that SVB's collapse is causing payment processing delays and hopes to pay them via its other partners “within the next several business days” — Etsy is warning sellers that the collapse of Silicon Valley Bank on Friday is causing delays in processing payments …
More:
The Verge, Engadget, PCMag, Forbes, Insider, FDIC, and New York Post
Tweets:
@yuris and @imani_barbarin
| Bloomberg: |
Founders fear that the collapse of SVB, which had branches in the UK, Canada, China, Germany, India, Israel, and more, could wipe out startups around the world — The fallout from the collapse of Silicon Valley Bank is beginning to spread around the world.
More:
BBC, Reuters, Insider, Cryptopolitan, Cooley, Cointelegraph, Rami's Readings, Livemint, Michael Kuenne, Wall Street Journal, Australian Financial Review, Finance Substack, Agence France-Presse, Australian Financial Review, Insider, BIG by Matt Stoller, The Economic Times, Fortune, TechCrunch, South China Morning Post, Philip Elmer‑DeWitt, TechCrunch, Inc42 Media, CNBC, Sifted, and Financial Times
Tweets:
@lcmichaelides, @torrenegra, @kprescott, @samirkaji, @secretcfo, @silvermanjacob, @smtuffy, @flateartherkitt, @taylorlorenz, @mikebutcher, @pauljudge, @aaronklein, @alexwickham, @ericjackson, @joshmedia, @gramblings, @benparr, @moving_charlie, @matthfield, @lynnmdoan, @mikegatto, @israelipm, @anothercohen, @tw_seal, @cornelialake, and @tw_seal
| Financial Times: |
Sources: the UK is seeking a buyer for SVB's British arm, which had nearly £7B in deposits on March 10, with an UAE-based company as the “lead white knight” — ‘Lead white knight’ eyeing British arm of tech lender that had billions in deposits
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Financial Times, Bank of England, Reuters, On my Om, GOV.UK, Sifted, Bloomberg, BBC, London Evening Standard, TechCrunch, The Guardian, CBS News, Sky News, Livemint, The i Paper, Cointelegraph, Fortune, eFinancialCareers …, Politico, UKTN, Cryptopolitan, UKTN, Cryptopolitan, Fortune, UKTN, Associated Press, Bitcoin News, and Crowdfund Insider
| Financial Times: |
Sources: Tim Cook has pressed ahead with an MR headset debut in 2023, overruling Apple designers who wanted to wait until the tech catches up with their vision — New launch will be first steered entirely by CEO and under direction of operations team — When Tim Cook unveils Apple's new …
More:
MacRumors, 9to5Mac, MIXED Reality News, iPhone in Canada Blog, iClarified, iThinkDifferent, AppleInsider, Wccftech, and Patently Apple
Tweets:
@jetscott, @markgurman, @leakerapple, @binocularity, and @scobleizer
| CNBC: |
New York shuts down Signature Bank as US regulators cite a “systemic risk exception” like for SVB, announcing all of Signature's depositors will be “made whole” — U.S. regulators said Sunday it shut down New York-based Signature Bank, a second financial institution … | Mark Gurman / Bloomberg: |
A look at the unprecedented level of executive turnover at Apple, which lost 11 key people, most just below Senior Vice President, since the second half of 2022 — Apple is facing an unprecedented wave of executive departures. Also: The company will shake up its sales operations with a focus on India … | Frank Chaparro / The Block: |
Circle says $3.3B of its ~$40B USDC reserves remain at Silicon Valley Bank and that the crypto payments firm will follow state and federal regulators' guidance — - After being largely silent on Friday, Circle said it has $3.3 billion in exposure to Silicon Valley Bank …
More:
Circle Blog, Decrypt, PYMNTS.com, TechCrunch, Bloomberg, The Block, Inside Bitcoins, Bitcoinist.com, Euphoric, CryptoGlobe, The Information, The Block, CNBC, Cointelegraph, Watcher Guru, Financial Times, Engadget, Fortune, Bitcoin News, Cryptonews, CryptoGlobe, Crypto Daily, Bitcoinist.com, CoinGape, Coinmonks, Reuters, CoinDesk, and Coinpedia Fintech News
Mastodon:
@jerry@infosec.exchange. Tweets:
@circle, @binance, @ddisparte, @jerallaire, @circle, @silvermanjacob, @wublockchain, @evgenygaevoy, @kobeissiletter, @adamscochran, @ddisparte, @mariuscrypt0, @mikeisaac, @lexnfx, @allnick, @1markmoss, @pitdesi, @northrocklp, @wublockchain, @asvanevik, @unusual_whales, @michaeljordaan, @edzitron, and @cryptowendyo
| Bloomberg: |
More:
Decrypt, Inside Bitcoins, The Guardian, Cryptonews, ZyCrypto, CryptoPotato, Unbank Space, CoinDesk, Watcher Guru, Wu Blockchain, Wall Street Journal, Ethereum World News, Bitcoin News, CoinGape, crypto.news, Cointelegraph, Crowdfund Insider, Cryptopolitan, Reuters, Web3 is Going Just Great, NewsBTC, CryptoSlate, Decrypt, Coinpedia Fintech News, The Block, CoinJournal, The Information, The Block, and The Block
Tweets:
@coinbase, @viktorbunin, @coinbase, @matthew_d_green, @petergyang, @simonpb, and @edzitron
| New York Times: |
More:
Cryptopolitan, TechCrunch, Insider, Mercury News, and Bitcoin News
Mastodon:
@Jhorwitzz@mastodon.online, @stevetex@mastodon.social, @guacamayan@journa.host, and @ncweaver@thecooltable.wtf
Tweets:
@moshaikhs, @chasemadar, @berkeleylaw, @carnage4life, @w3sobeefy, @hblodget, and @jossytweets
| John Sakellariadis / Politico: |
Worried that cloud giants offer concentrated hacking targets, the US plans to regulate the security practices of Amazon, Microsoft, Google, Oracle, and others — Governments and businesses have spent two decades rushing to the cloud — trusting some of their most sensitive data to tech giants …
More:
Investor's Business Daily, WebProNews, Slashdot, and Metacurity
Mastodon:
@metacurity@infosec.exchange and @malwaretech@infosec.exchange
| Ben Cohen / Wall Street Journal: |
A look at Bring a Trailer, a classic car blog from 2007 that became a marketplace, facilitated $1.37B in 2022 sales, and held its 100,000th auction on March 7 — Bring a Trailer is where obsessives buy, sell and geek out over classic cars. The company pops open its hood after 100,000 auctions to explain why.
Tweets:
@wsj, @chicagobooth, and @tomgara
| Darrell Etherington / TechCrunch: |
An interview with Gowalla co-founder and CEO Josh Williams as he re-launches his location-based social networking app at SXSW, 14 years after its debut — One of the original location-based social apps is relaunching at SXSW - 14 years after its debut — Gowalla co-founder and CEO Josh Williams …
Tweets:
@jw
| Marie Woolf / Globe and Mail: |
Meta plans to block Canadians' ability to view or share written and broadcast news on Facebook and Instagram if the country passes its proposed Online News Act — Tech giant Meta has decided to block Canadians' ability to view or share news content on Facebook and Instagram …
More:
Reuters, iPhone in Canada Blog, Pixel Envy, PCMag, Techaeris, Canadian Press, MobileSyrup, and Michael Geist
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