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SVB failure was caused by a banking — not tech — crisis, top VC says

LONDON — The collapse of Silicon Valley Bank was the result of a crisis in banking rather than technology, according to a top...
Business

Auction process is reportedly underway to find a buyer for Silicon Valley Bank

A sign is posted in front of the Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California.Justin Sullivan |...
Business

Ex-NBA star Paul Pierce settles with SEC over crypto violations

Paul Pierce #34 of the Boston Celtics celebrates after a play against the Los Angeles Lakers in the fourth quarter during Game Five...
Business

Former FTX spokesman Kevin O’Leary defends endorsement of crypto firm

"Shark Tank" star Kevin O'Leary defended his position as a spokesperson for bankrupt crypto firm FTX on CNBC's "Squawk Box" Friday morning. CNBC...
Business

Bankman-Fried will sit in Bahamas prison until Feb. 8, 2023: Photos

TOPSHOT - FTX founder Sam Bankman-Fried (C) is led away handcuffed by officers of the Royal Bahamas Police Force in Nassau, Bahamas on...
Business

Tim Draper predicts bitcoin will reach $250,000 despite FTX collapse

Tim Draper, founder of Draper Associates, onstage at the Web Summit 2022 tech conference.Ben McShane | Sportsfile via Getty ImagesVenture capitalist Tim Draper...
Business

Grayscale won’t share proof of reserves due to ‘security concerns’

The SEC on Wednesday rejected Grayscale's application for a spot bitcoin ETF, citing a failure by the investment manager to answer questions about...
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