In brief of silvergate Collapse According to JPMorgan researchers, banking partners are becoming scarce for crypto companies. This comes after Silvergate’s demise and the reduction in crypto exposure caused by Signature Bank. Falling bond yields and increased scrutiny of risk management procedures are two threats facing banks that are less powerful than Wall Street giants…
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Despite worries about how problems in the crypto industry will affect the banking industry, the two banks that failed this week had different ties to the market for digital assets. While Silicon Valley Bank (SVB), which has weaker ties to digital assets, was forced into receivership by the Federal Deposit Insurance Corp. (FDIC), Silvergate Bank,…
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Changes Proposed By MakerDAO To Guard Users Against Centralized Stablecoin Crisis Key Ideas In order to reduce exposure to potentially impaired stablecoins and risky collaterals while maintaining DAI stablecoin liquidity, MakerDAO has proposed changes. Stablecoins with significant exposure to at-risk institutions are impacted by the banking industry crisis brought on by the failure of…
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Crucial Ideas Silvergate Bank was no longer Coinbase’s partner for US dollar banking, according to the company. Thanks to the cryptocurrency exchange, Prime customers will be able to carry out institutional client cash transactions with their other banking partner, Signature Bank. The exchange further said that it would cooperate with its other banking partners to…
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