Just In: US Regulators Seize Silicon Valley Bank, To Protect Insured Depositors

Crypto News: California regulators have reportedly seized Silicon Valley Bank in what could be the largest bank failure in the recent times. This news comes amid the bank’s attempts to sell itself after failed attempts to raise capital. The Silicon Valley Bank faced it difficult to raise funds as customers continued to withdraw funds. Meanwhile, the crypto market continues to show signs of contagion from this news as Bitcoin price drops slightly.