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March 13, 2023, 1:00 PM
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| U.S. Department of the Treasury: |
The US Treasury, Federal Reserve, and the FDIC say 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 …
More:
Board of Governors …, The White House on YouTube, Circle, FDIC, CoinDesk, CNN, TechCrunch, TechCrunch, GeekWire, DL News, Decrypt, Blockworks, Crunchbase News, Wired, SVB Financial Group, Bloomberg, CryptoSlate, Bloomberg, National Review, CNBC, Wall Street Journal, Inside Bitcoins, The Hill, DealStreetAsia, Ethereum World News, NBC News, PYMNTS.com, NFT Evening, Cointelegraph, Protos, Axios, Cryptopolitan, #OONO, New York Post, New York Times, CNBC, Wired UK, CNBC, CoinDesk, crypto.news, THE LOGUE, MediaNama, Fortune, Coinpedia Fintech News, Coinspeaker, Bloomberg, Tech Startups, Axios, NewsBTC, Cryptonews, and Reuters
LinkedIn:
Janet Mui, Chitra Nawbatt, and Dror Futter
Tweets:
@potus, @cz_binance, @jerallaire, @bgarlinghouse, @potus, @coinbase, @nicktimiraos, @danielagabor, @vcbrags, @federalreserve, @billackman, @litcapital, @elaifresh, @neil_irwin, @bobeunlimited, @samro, @gbildson, @octal, @gavinsbaker, @federalreserve, @jasonfurman, @chrisjbakke, @jason, @scottjshapiro, @fedguy12, @jimcramer, @danprimack, @zck, @macroalf, @burryarchive, @thestalwart, @ingridlunden, @jeuasommenulle, @modestproposal1, @trungtphan, @noahpinion, @levie, @lloydblankfein, @gavinsbaker, @nycsouthpaw, @charliebilello, @salehamohsin, @tracyalloway, @dogetoshi, @wongmjane, @stephanie_murr, @jimcramer, @shortsightedcap, @anthonyrandazzo, @mekkaokerekebye, @jonatanpallesen, @tomfitton, @davidmwessel, @econguyrosie, @mgsiegler, @mcuban, @lpnational, @wendyedelberg, @isadwatson, @kaitlancollins, @kgreifeld, @ivanthek, @petercontibrown, @levie, @paulmitchell_ab, @senwarren, @martinsfp, @mbensass, @devahaz, @m_c_klein, @ian_fraser, @lizrhoffman, @robinbrooksiif, @jasonlk, @salehamohsin, @brendanpedersen, @whstancil, @stefeich, @vermontgmg, @chrisalbon, @fedguy12, @thebenbergman, @benedictevans, @tculpan, @litcapital, @amlivemon, @bgarlinghouse, @sarthakgh, @atrupar, @m_c_klein, @davidsacks, @repsarajacobs, @deanobeidallah, @firstadopter, @mcwm, @axios, @billackman, @mattyglesias, and @donmoyn
| Iain Withers / Reuters: |
HSBC plans to acquire Silicon Valley Bank UK for £1, citing “strategic sense for our business”; as of March 10, SVB UK had ~£5.5B loans and ~£6.7B deposits — HSBC (HSBA.L) said on Monday it is acquiring the UK subsidiary of Silicon Valley Bank for 1 pound.
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London Stock Exchange, Bank of England, Financial Times, GOV.UK, BBC, TechCrunch, Bloomberg, The Guardian, The Guardian, Silicon Valley Business …, The Register, The Economic Times, Cointelegraph, The Information, LinkedIn, gHacks Technology News, Crowdfund Insider, Forbes, Inside Bitcoins, Bloomberg, CNBC, Finbold, Axios, Politico, CNN, Coinpedia Fintech News, Associated Press, The Times, ABC News, Cryptonews, Micky, Coinspeaker, New York Times, CoinDesk, Tech Monitor, City A.M., DL News, Tech in Asia, PYMNTS.com, South China Morning Post, crypto.news, Cryptopolitan, UKTN, Dow Jones Newswires, Silicon Canals, and Watcher Guru
LinkedIn:
Caroline Hepker and Rishi Sunak
Tweets:
@jeremy_hunt, @cetier1, @hmtreasury, @jamestitcomb, @douglas4moray, @wublockchain, @danielkorski, @nigel_farage, @justin_cash_1, @samgyimah, @loomdart, @daniburgz, @bondhack, @benedictcooney, @richardgrahamuk, @georgewparker, @checkwarner, @michelledonelan, @mjrobbins, @ibrahimsaninet, @bandrew, @georgewparker, @suzanneashman, @lisaabramowicz1, @thetranscript_, @jespow, @mayazi, @jamestitcomb, @edconwaysky, and @drsdeg
| Sinead O'Sullivan / Financial Times: |
Having perfected the art of using hype to move markets, VCs managed to hype their own rumors to collapse SVB, accidentally slaying a much loved accomplice — After more than a decade of venture capitalists insisting they provide more than just cash to their portfolio companies, the moment to prove that finally arrived.
More:
Slate, Wall Street Journal, Kotaku, Wall Street Journal, and Financial Times
Tweets:
@billackman, @jason, @jason, @davidsacks, @zck, @billackman, @molly0xfff, @andrewrsorkin, @silvermanjacob, @chimeracoder, @evanhill, @rachelensignwsj, @nic__carter, @davidsacks, @buccocapital, @thestalwart, @jason, @carlquintanilla, @repthomasmassie, @danprimack, @jason, @balajis, @brooklynmarie, @ryanlcooper, @noahpinion, @vittostack, @maxkennerly, @jathansadowski, @davidsirota, @jordanuhl, @kylesgibson, @nglaros, @bigblackjacobin, @chafkin, @chafkin, @thelincoln, @felixsalmon, @chrismohney, @leehepner, @davidsacks, @jspujji, @bigblackjacobin, @pwnallthethings, @davidsacks, @verashokina, @dannypage, @danteatkins, @galois_capital, @ddayen, @mattbinder, @nickcho, @jasondebolt, @gritgrowthcap, @mattbruenig, @adamjohnsonnyc, @nicoleperlroth, @hoofnagle, @carnage4life, @logophobe, @paul_bowers, @nycsouthpaw, @mclendaniel, @antoniogm, @pt, @mattdpearce, @carnage4life, @epicureandeal, @hblodget, @devahaz, @frances_coppola, @gumby4christ, @rohunjauhar, and @davidsacks
| Michael Moritz / Financial Times: |
A eulogy for Silicon Valley Bank, a business partner to tech for 40 years, which offered services when established banks would not and was undone by its loyalty — Regardless of the reasons behind the bank's collapse, it leaves a huge hole for the start-up scene — The writer is a partner at Sequoia Capital
More:
Monomythical, Bloomberg, and New York Times
LinkedIn:
Bo Ren. Tweets:
@modestproposal1, @johnthornhillft, @macconwell, @samirkaji, @edsuh, @jpm25, @aphclarkson, @stianwestlake, @flying_mom, @rachaelrad, @dsquareddigest, @antoinegara, and @dee_bosa
| Ben Thompson / Stratechery: |
SVB bears responsibility for its demise, the outcome of disruption being tech's objective function, and the Silicon Valley myth could be the ultimate casualty — Banks are, at their core, facilitators: depositors lend their money to a bank, for which they are paid interest, and banks lend that money out, again for interest.
More:
Forbes, Bloomberg, TechCrunch, Slate, Yes, I give a FIG, Robert Reich, Rounding the Earth Newsletter, and Bloomberg
LinkedIn:
Nathan Mairs. Mastodon:
@ampressman@journa.host. Tweets:
@thestalwart, @samesfandiari, @racecar_babytoy, @nowmediascott, @bzalasky, @neoavatara, @reubenr80027912, @dkthomp, @jen_mcfadden, and @stratechery
| The Verge: |
A Reddit user shows how Samsung's “Space Zoom” feature produces fake, generated images of the moon, highlighting how photography and “real photos” are changing — For years, Samsung “Space Zoom”-capable phones have been known for their ability to take incredibly detailed photos of the Moon.
More:
r/Android on Reddit, AppleInsider, MacRumors, The Register, MobileSyrup, Tom's Guide, PhoneArena, TechSpot, Phandroid, iThinkDifferent, and Daring Fireball
Tweets:
@halidecamera, @fchollet, @supersaf, @raphaelmilliere, @raywongy, @raywongy, @samifathi_, @adrianhon, @uwukko, @j_bertolotti, @adrianhon, @halidecamera, @sdw, @chrislintott, and @somegadgetguy
| 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 …
More:
FDIC, Reuters, Department of Financial …, TechCrunch, The Block, Wall Street Journal, Decrypt, New York Times, PYMNTS.com, Bloomberg, The Block, Blockworks, VentureBeat, Neowin, CBS News, Cointelegraph, Gizmodo, CoinGape, Bitcoin News, Financial Times, MarketWatch, The Guardian, Inside Bitcoins, Crypto Daily, Livemint, Coinspeaker, Apricitas Economics, and Watcher Guru
| MacKenzie Sigalos / CNBC: |
More:
Wall Street Journal, Crypto Briefing, Quartz, South China Morning Post, Crypto Daily, Livemint, Beginning of Freedom, ExchangeWire.com, Coinspeaker, and Grit Capital
Tweets:
@jacqmelinek, @amacker, and @laurawalkerkc
| Bloomberg: |
More:
Bloomberg, Cointelegraph, Livemint, and CoinDesk
Tweets:
@coinbase, @twobitidiot, @tracyalloway, @timccopeland, @hsakatrades, @mayazi, @0xquit, and @kamikaz_eth
| Vishal Chawla / The Block: |
Lending protocol Euler Finance lost $197M in a flash-loan attack, including $136M in stETH and $34M in USDC; Euler raised $32M in June 2022; EUL drops 45%+ — - Euler Finance was hit by a flash-loan attack that resulted in a loss of $197 million, according to security analysts.
More:
TechCrunch, Cointelegraph, Decrypt, BleepingComputer, Bloomberg, crypto.news, SecurityWeek, Cryptonews, Cryptopolitan, and Ethereum World News
Mastodon:
@lorenzofb@infosec.exchange. Tweets:
@eulerfinance, @peckshield, @pcaversaccio, @zachxbt, @peckshield, @degenspartan, @functi0nzer0, @crypto_mckenna, @mhonkasalo, @functi0nzer0, @0xtuba, @nomorebear, @lidofinance, @peckshield, @0xrooter, @yohangglobal, and @mhonkasalo
| CNBC: |
First Republic Bank's stock drops 60%+, after declining 33% last week, despite the Fed's new lending facility and saying Sunday it had $70B+ in unused liquidity — - First Republic said Sunday it had received additional liquidity from the Federal Reserve and JPMorgan Chase.| Fortesa Latifi / Teen Vogue: |
A YouTuber who went viral as a toddler says she resents her family for monetizing her childhood, as some influencer parents take their children off social media — “Nothing they do now is going to take back the years of work I had to put in.” — Search Claire's name online … | Dina Bass / Bloomberg: |
After Microsoft invested $1B in OpenAI in 2019, the company scrambled to string together tens of thousands of Nvidia A100 GPUs, costing several hundred million — When Microsoft Corp. invested $1 billion in OpenAI in 2019, it agreed to build a massive, cutting-edge supercomputer for the artificial intelligence research startup.| Sarah Perez / TechCrunch: |
WordPress.com owner Automattic acquires the ActivityPub for WordPress plugin and hires its dev, so blogs can integrate with the Fediverse, including Mastodon — WordPress.com sites now have an easier way to integrate with the Fediverse, including Mastodon.Sponsor Posts
Comprehensive.io:
Free compensation benchmarking data from 3,000 startups — Search by job title and get FREE access to market pay data. Paid version helps HR teams automate comp reviews and communicate total compensation to employees.
Free compensation benchmarking data from 3,000 startups — Search by job title and get FREE access to market pay data. Paid version helps HR teams automate comp reviews and communicate total compensation to employees.
Compound:
Personalized wealth management, built for tech people — Managing your finances and taxes is complicated. Compound is how people at companies like Stripe, OpenAI, and Discord make smart decisions about their money.
Personalized wealth management, built for tech people — Managing your finances and taxes is complicated. Compound is how people at companies like Stripe, OpenAI, and Discord make smart decisions about their money.
Zoho:
How can recruiters bring balance to the talent landscape in the IT industry? — When the pandemic started and teams began working remotely, business in the IT industry seemed unusually fine, except for a few operational challenges.
How can recruiters bring balance to the talent landscape in the IT industry? — When the pandemic started and teams began working remotely, business in the IT industry seemed unusually fine, except for a few operational challenges.
Lantern:
Unlock a new pipeline channel: your existing customers — With tightening budgets, Lantern helps B2B companies drive more qualified leads and expand existing business.
Unlock a new pipeline channel: your existing customers — With tightening budgets, Lantern helps B2B companies drive more qualified leads and expand existing business.Who's Hiring In Tech?
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Qualtrics, Barron's Online, CRN, Reuters, CNBC, Tech Startups, CIO.com, GeekWire, and Bloomberg. Tweets:
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