Silicon Valley Bank Shut Down by State Regulators; Meta Reportedly Explores Decentralized App

"The Hash" team discusses the biggest crypto headlines of the day, including Silicon Valley Bank being shuttered by the California Department of Financial Protection and Innovation on Friday, marking the second bank to shut down within days. Plus, Meta Platforms, the parent company of Facebook, is working on a decentralized text-based app, according to a report by TechCrunch.

See also:

A Tale of 2 Banks: Why Silvergate and Silicon Valley Bank Collapsed

Scrutiny Falls on $43B USDC Stablecoin’s Cash Reserves at Failed Silicon Valley Bank

Silicon Valley Bank Shuttered by State Regulators

Silicon Valley Bank Rocks Crypto and Equity Markets Ahead of Jobs Report

Facebook Parent Company Meta Exploring Decentralized App: Report

This episode has been edited by Ryan Huntington. The senior producer is Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

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