new automated settlement“It would be shortsighted to assume that the events of the last few days will lead to a total divorcing of crypto and traditional banking,” said Joshua Frank, co-founder and CEO of provider of information services for digital assets, The Tie. He expects a rapid emergence of alternative banking partners and noted that there are still a few banking options available to U.S. crypto companies such as Cross River Bank, BankProv etc.
Perhaps a potential solution would be for the crypto companies to look outside of the U.S. for potential banking partnerships and use strategies involving stablecoins, “Future banking should become on-chain. That means that banks are going to start to more resemble blockchains as opposed to purely centralized entities,” Xu said. Such technology will allow the banks to have “on-chain metrics related to their exposure to AFS securities like treasuries and to allow better on-chain metrics for their cash management activities, he added.
HeleneBraunn Short term pain? The markets are green. The only asset that paid the Banks collapse is the US dollar, in the form of printing
HeleneBraunn The banks didn’t die coz of Crypto , banks died coz they were mismanaged & probably were Ponzi scheme.
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U.S. crypto firms seek Swiss banking partners amid banking meltdownU.S.-based crypto firms are trying to open Swiss bank accounts after the collapse of two U.S. crypto-focused banks made it harder for them to use lenders in the United States, but bankers said the Swiss firms may not take them. How about deceased Nigerian generals? “We wasted our contry’s money and now we need yours!” Will the Swiss trust the Crypto?
Source: Reuters - 🏆 2. / 97 Read more »
How Silicon Valley Bank could precipitate a banking crisisPresident Biden is in danger of a catastrophic banking crisis, unless the U.S. government can orchestrate a deal to rescue Silicon Valley Bank depositors before branches open tomorrow. No. Bail. Out. FDIC should cover accounts up to their limit and nothing more. Our tax dollars should not be used to help pay off poor company management! Bailing out the rich, again. Real mess. There're no U.S. investigation into 'suicides' of 3 policemen in 3 weeks after Capitol Hill 1/6. Capitol Hill police force 2,600 ppl, the suicide rate among US police 1:3,000, & I discovered that behind these 3 'suicides' are Biden's task force 2 shut witnesses.
Source: axios - 🏆 302. / 63 Read more »
The three options for preventing a national banking crisisThere are three primary ways to avoid a U.S. banking crisis tomorrow morning, all of which involve reassuring Silicon Valley Bank depositors that all of their money is secure and available. Chinese donors to the dems must be getting affected someway somehow and ordered Biden to order the Fed and Yellen to do this. I guess word came down that me must protect the billionaire VC class with taxpayer money. Fuck that. No socialism for the wealthiest class
Source: axios - 🏆 302. / 63 Read more »
Federal Reserve Rolls Out Emergency Measures to Prevent Banking CrisisBreaking: Federal regulators said all depositors of Silicon Valley Bank will get their money and said a second bank, Signature Bank, was closed The elites get their bailout The same people who scream we shouldn't forgive student loans are now benefitting from the Fed and the Treasury bailing them out of a bad financial decision. Disgusting hypocrisy. Bailed out lmao
Source: WSJ - 🏆 98. / 63 Read more »
Biden says will address banking crisis on Monday morningU.S. President Joe Biden said on Sunday he would address the banking crisis Monday morning, as the federal government announced actions to shore up deposits and stem any broader financial fallout from the sudden collapse of Silicon Valley Bank . good info here 2nd BANK CLOSED! BREAKING: Bloomberg reports Signature Bank has been closed by state authority! LIVE Breaking News Coverage SiliconValleyBank The Biden banking crisis is a direct result of his “plan”.
Source: Reuters - 🏆 2. / 97 Read more »
US government moves to stop potential banking crisisThe Treasury Department, Federal Reserve and FDIC said Sunday that all Silicon Valley Bank clients will be protected and have access to their funds and announced steps designed to protect the bank’s customers and prevent more bank runs. LI on a Sunday lol NJ Here we go again 😢😤 LET THEM ALL GET SEIZED, MARGIN CALLED, EXPOSED AND RESET THE MARKET. THIS OBSCENE ABUSE OF SYSTEMS HAS DESTROYED MIDDLE AND LOW INCOME CLASSES AND THE RICH HAVE THRIVED AND EXTORTED THE SYSTEM GROSSLY. NO BAIL OUTS EITHER. BURN.
Source: News12 - 🏆 591. / 51 Read more »