Start-ups

According to reports, the city of Lugano, Switzerland has launched a Bitcoin themed shared office space. It is reported that Lugano\’s new joint office space with a focus on Bitcoin

It is reported that the Hong Kong station activity of the Sui Builder House held by the Sui Foundation has ended for three days. The last activity, the Sui Demo Day, aims to provid

On April 14th, at the \”MetaEra x BitMart Session: Where are the Opportunities for Metaverse\” sub forum of the \”2023 Hong Kong Web3 Carnival\” sub venue, Vice Secretary for Justice o

On April 11th, according to official sources, Jack Yang, founder and CEO of Digital Asset Broker LTP (LiquidityTech Protocol), announced that LTP will launch a $100 million quantit

According to reports, Latin American venture capital firm Kaszek Ventures has closed its $540 million early stage fund Kaszek Ventures VI and $435 million late stage investment veh

According to reports, according to three sources, the Australian Prudential Supervision Authority has requested banks to improve their reports on encrypted assets and provide the i

It is reported that Liquidity Group, a venture capital company, plans to provide about US $3 billion of emergency loans to start-ups customers affected by the collapse of banks in Silicon Valley. Ron Daniel, CEO and co-founder of the company, said in an interview on Sunday that about $1.2 billion in cash would be available in the next few weeks. The company is also discussing with financing partners such as Mitsubishi UFJ Financial Group Inc. and Apollo Global Management Inc. to provide another US $2 billion in loans. Liquidity Group plans to provide loan assistance to start-ups affected by the collapse of banks in Silicon Valley Analysis based on this information:In a recent move that is set to provide an immediate relief to start-up businesses affected by the recent bank collapse in Silicon Valley, Liquidity Group, a prominent venture capital company, plans to offer a whopping $3 billion in emergency loans. As per CEO and co-founder Ron Daniel, the company…

On March 12, according to the Financial Times, some depositors of Silicon Valley banks are trying to sell their deposits at a large discount to raise cash. According to the data of Cherokee Acquisition, the quotation of bank deposits in Silicon Valley that are not covered by insurance is between 55% and 65% on the 10th. According to the report, for some start-ups, it is their last resort to sell their deposits at a discount in order to pay their employees’ wages. A number of VCs said that they had contacted some start-ups and hoped to buy their deposits at a certain discount. Data shows that by the end of 2022, 96% of deposits in Silicon Valley banks were not covered by the Federal Deposit Insurance Corporation (FDIC). (CCTV Finance) Some Silicon Valley bank depositors seek to sell deposits at a discount Analysis based on this information:According to a report by the Financial Times, some depositors of Silicon Valley banks…

On March 12, according to the source, the traders of Jefferies, a Wall Street company, are contacting the founders of start-up companies whose funds are trapped in Silicon Valley banks to propose to purchase their deposit claims at a discount. Jefferies is contacting the start-up company in Silicon Valley, which is suffering from financial difficulties, to purchase its deposit creditor’s rights at a discount Analysis based on this information:In recent news, Jefferies, a well-known Wall Street company, is said to have reached out to founders of start-up firms whose funds are stuck in Silicon Valley banks. The financial giant is proposing to buy deposit claims from them at a discounted rate. This act, which may be seen as a helping hand to entrepreneurs, may, in reality, expose start-up owners to more financial risk. The move to purchase deposit claims may ultimately result in start-up owners taking a far lower value for funds already tied down. This would come about due…

It is reported that after the bank of Silicon Valley announced its bankruptcy in a flash on March 10, it triggered a severe shock in the capital market. Investors are paying high attention to the possible chain reaction caused by the event. Lise Buyer, a senior adviser to the US IPO and founding partner of Class V Group, said that if the Silicon Valley Bank could not be rescued at the weekend, 80% of the startups supported by venture capital would be affected to varying degrees. Relevant regulatory filing documents show that as of December last year, more than 95% of deposits in Silicon Valley banks had not been insured, and many of these depositors were start-up companies. The market is worried that because enterprises may not be able to pay wages this month, this will in turn trigger a wave of large-scale closures and layoffs in the technology industry. (I) International investors: Silicon Valley Bank may affect 80% of…

On March 12, Y Combinator, a famous startup incubator in Silicon Valley, issued a petition signed by thousands of founders and chief executives to Janet Yellen…

It is reported that due to concerns about the financial stability of Silicon Valley Bank (SVB), some start-up companies are converting the cash deposited in th…

On March 11, Garry Tan, CEO of Y combiner, said in an interview with CNBC that the bank thunderstorm affected 1000 start-ups, and 1/3 of them would not be able…

It is reported that Meta, a social giant, and Telef ó nica, a telecommunications company, jointly launched the Meta Universe Activation Plan, aiming to provide…

It is reported that Blockchain Founders Fund (BFF) announced the completion of its second phase of fund raising, with the participation of major investors, fam…