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Silicon Valley Bank Collapse Has Spilled Over to NFTs

March 18, 2023 admin 0 Comments Silicon, Valley

By Philip Maina9 hours agoSat Mar 18 2023 08:32:45 Reading Time: 2 minutes A report by DappRadar has revealed that the NFT market suffered from the collapse of Silicon Valley Bank DappRadar notes that the traded amount dropped from $72 million to $36 million The number of daily NFT sales also dropped by close to

Money

Silicon Valley Bank Shares Drop 64% In Pre-Market As VC Funds Tell Firms To Withdraw Funds

March 11, 2023 admin 0 Comments funds, Silicon

Topline Shares of Silicon Valley Bank Financial Group were halted after plunging further in pre-market Friday, following measures it took to shore up its financial position Thursday, prompting some venture capital funds to urge their portfolio firms to withdraw funds—and raising fears of a bank run. Greg Becker, chief executive officer of Silicon Valley Bank