Banking crisis: What does it mean for crypto? By Cointelegraph
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Last week’s rapid collapse of Silvergate, Silicon Valley Bank (SVB) and Signature Bank (NASDAQ:) has highlighted the fragility of the traditional banking sector while depriving crypto of its primary fiat on-ramps in the United States.
Most observers agree that the collapse of SVB, like the one of Silvergate, was largely the result of unfavorable market conditions and poor risk management.
Continue Reading on Coin Telegraph
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Last week’s rapid collapse of Silvergate, Silicon Valley Bank (SVB) and Signature Bank (NASDAQ:) has highlighted the fragility of the traditional banking sector while depriving crypto of its primary fiat on-ramps in the United States.
Most observers agree that the collapse of SVB, like the one of Silvergate, was largely the result of unfavorable market conditions and poor risk management.
Continue Reading on Coin Telegraph
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