Crypto companies are scrambling to find new banking partners after last weekend’s collapse. Plus: A conversation with photographer Dave Krugman on the “attention economy.” [reward]ed9c347a-6504-43ce-87fe-727e135499f8[/reward]
After the recent collapse of three banks – Silicon Valley Bank, Silvergate Bank and Signature Bank – many pointed fingers at crypto as the cause. But crypto may actually be the solution, not the problem.
The downfall of Silvergate, Signature and Silicon Valley banks have wounded digital assets. But crypto might one day work with big banks if the industry can mature, WAX CEO William Quigley and Maicon CEO Alex Liu suggested.
The abrupt collapse of the Silicon Valley Bank and Signature Bank prompted U S regulators to impose emergency measures to protect depositors This comes on the heels of crypto friendly Silvergate Bank’s shutdown in the same week Here’s a look at how SVB s closure is sending ripple effects across the crypto industry and what’s [...]