svb

#SVB #bankcollapse #Binance #crypto2023

What was the recent collapse of SVB about?

The recent collapse of Silicon Valley Bank (SVB), which was the second-largest bank failure in US history. SVB primarily served tech businesses and saw an increase in deposits due to low-interest rates. However, SVB faced a problem as banks typically make money through loans rather than deposits and low interest rates made it difficult to earn a significant profit. To counter this, SVB invested in US Treasury bonds to achieve a slightly higher interest rate on its loans. Unfortunately, interest rates hiked causing the value of SVB’s bond portfolio to plummet and their old US Treasury bonds now paid out lower interest rates.

This significant loss created a challenging situation for SVB as they had invested a majority of their depositors’ funds in long-term bonds that had significantly depreciated in value. In addition to this, the higher interest rates made it harder for tech businesses to borrow money which led them to draw upon their cash reserves at SVB. In the process of meeting their own liquidity needs, they drained SVBs.

Risks of having over $250,000 in a single entity bank account

It's essential to assess your risk by knowing how much your deposits are insured for and how easily and often you can withdraw; considering diversification by holding different asset classes or holding deposits in multiple banks; and doing your due diligence by researching before making any financial decisions. The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by Congress to maintain stability and public confidence in the nation’s financial system. The FDIC insures deposits; examines and supervises financial institutions for safety, soundness, and consumer protection; makes large and complex financial institutions. The FDIC protects and reimburses your deposits up to the legal limit of $250,000 if your FDIC-insured bank fails.

What happens to those that have more than $250,000 in an individual bank account?

Some wonder what happens if you have more than $250,000 in an individual bank account. However, If you have over $250,000 in individual accounts at one bank, the amount over $250,000 is considered uninsured and financial advisors recommend that you move the remainder of your money to a different financial institution. Another way to protect your money is to deposit it in different account categories or open accounts with different banks, essentially moving away and diversifying.

Simple tips for protecting your assesets/funds

 Some steps you can take include not clicking on attachments or links sent by unknown sources, never giving out your personal information like Social Security number or driver’s license number. Checking your bank account daily and credit card accounts at least once a month. Using strong passwords and two-factor authentication for all online accounts and being careful about where you access financial accounts. You can also keep your money liquid by investing in various types of banking products or fixed-income securities backed by large stable organizations like corporations and the government or in stable and well diversified platforms such as Binance.

Crypto conglomerate Digital Currency Group (DCG) is trying to find new banking partners for its holding company following the collapse of Silicon Valley Bank (SVB), Signature Bank (SBNY) and Silvergate (SI), as information viewed by CoinDesk. Santander (SAN), HSBC (HSBA), Deutsche Bank (DB), BankProv, Bridge Bank, Mercury, Multis and Series Financial are still ready to join the crypto industry, according to posts.

DCG’s efforts follow the banking collapse in the United States, which left many crypto and technology startups looking for new banking partners. Consensus 2023 logo Join the most important discussion about crypto at Web3 happening in Austin, TX April 26-28. Crypto conglomerate Digital Currency Group (DCG) is trying to find new banking partners for its holding company following the collapse of Silicon Valley Bank (SVB), Signature Bank (SBNY) and Silvergate (SI), as information found by CoinDesk. Santander (SAN), HSBC (HSBA), Deutsche Bank (DB), BankProv, Bridge Bank, Mercury, Multis and Series Financial are still ready to join the crypto industry, according to posts.

DCG’s efforts follow the banking collapse in the United States, which left many crypto and technology startups looking for new banking partners. Advertising

DCG has contacted BlackRock ( BK ), JPMorgan ( JPM ) and Bank of America ( BA ), according to the listing. DCG is the parent company of CoinDesk. The letters state that banks may restrict certain services for crypto transactions, for example, trading in stock markets and the ability to transfer money to others.

Traditional banks may be willing to set up bank accounts for crypto transactions, but they will impose restrictions based on the level of crypto exposure, according to the newspaper. Western Alliance and Bridge Bank are still opening accounts for crypto companies, despite falling stock prices.

DCG has contacted international banks, including Revolut in the UK, United Overseas Bank (UOB) in Singapore and Bank Leumi in Israel. A representative of DCG will meet with the Senate Banking Committee on the damages from SVB, Signature and Silvergate on Wednesday.

CoinDesk has reached out to DCG, Santander, HSBC, Deutsche Bank, BankProv, Mercury, Multis, Series Financial, BlackRock, JPMorgan, Bank of America, Revolut, UOB, and Bank Leumi for comment.

#BNB #BTC #CryptoFearandGreed #BullRun #SVB

Burada postunuzu öz tonunuzda, lakin daha aydın struktur və cilalanmış şəkildə yenidən yazdım — Binance Square üçün mükəmməl:

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🚨 Jim Cramer “$ETH -nizi satın” dedikdə... Kripto Dünyası nə etməli olduğunu bilir 😏📉

Bu nöqtədə, kripto icmasında davam edən bir zarafat halına gəlib — Jim Cramer cəsarətli bir çağırış etdikdə, bazar tez-tez tam əksini edir. Və indi, yenidən işə qayıdır... bu dəfə Ethereum-a hədəflənir.

Gəlin bunu aşağıda analiz edək 👇

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🔥 Jim Cramer-in ən pis yaşanan 4 çağırışı:

🔥 Top 4 Jim Cramer Calls That Aged Like Milk:

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1️⃣ Coinbase #Coin – April 2021

> “You want to own Coinbase!”
📉 Reality: Stock plunged from ~$328 to under $50.

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2️⃣ Bitcoin ($BTC) – December 2022

> “Get out of Bitcoin while you still can!”
📈 Reality: BTC rocketed from ~$16,000 to over $60,000 by 2024.#BTC


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3️⃣ Silicon Valley Bank (SVB) – February 2023

> “SVB is a great long-term bank.”
💥 Reality: The bank collapsed just weeks later. FDIC had to step in.#svb

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4️⃣ Ethereum ($ETH) – July 2025

> “Ethereum won’t hit $10K this cycle. Get out now.”#ETH
🤔 Reality: The verdict’s still out… but based on past trends, traders are watching closely. 👀


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📊 Is Jim Cramer the ultimate reverse indicator?
Some traders even built an Inverse Cramer ETF—literally betting against his calls.

🚨 So when he says “Sell ETH”… should you really be buying the dip?
The charts, the patterns, and the history might say yes.

#CryptoCommunity #Ethereum #InverseCramer #ETHto10K
#Bitcoin #HODL #BinanceSquare #TradingSignals

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