Search results for Silicon Valley Bank
Crypto
Bitcoin holders raise cash without selling as crypto collateral loan market tops $67 billion in Q1
Silicon Valley Bank\'s crypto team released a report on growth in the bitcoin-collateral lending market, CoinPost reported. The report said rising participation by institutional investors and financial firms is a sign of market maturation. It cited Galaxy Research data showing crypto asset loan origination, including bitcoin, reached $67 billion in the first quarter, up nearly 50 percent from a year earlier. Long-term holders seeking liquidity without selling were cited as a key driver.
Crypto
Warren questions Meta on stablecoin payment push, citing lack of transparency
U.S. Senator Elizabeth Warren (엘리자베스 워런) has sent Meta a formal letter seeking details on its plans to expand stablecoin payments, criticising what she called a lack of transparency. The letter followed reports that Meta restarted stablecoin payment features on Facebook and began a pilot to pay some creators in Colombia and the Philippines using USD Coin. Warren raised concerns over financial stability, privacy and competition, and cited past USDC depegging. Meta denied plans to issue its own stablecoin.
Finance
Bank of Korea Governor Lee says monetary policy alone has limits, structural reforms needed
Bank of Korea Governor Lee Chang-yong (이창용) said it is becoming difficult to achieve economic stability and growth through monetary and fiscal policy alone and stressed the need for structural reforms as he ended his four-year term on April 20. He cited rate hikes to 3.5 percent, including two big steps, as a key response after inflation surged. He also pointed to multiple domestic and external crises and listed achievements including lowering inflation to the 2 percent range.
