New Coppola Comment post. Bank failures: it's all about #liquidity. Although #banks create #deposits when they lend, they can still run out of money. Featuring #SignatureBankNY, #SiliconValleyBank, #SilvergateBank. (pic does not link)
https://coppolacomment.substack.com/p/bank-failures-its-all-about-liquidity
Bank failures: it's all about liquidity

Although banks create deposits when they lend, they can nevertheless run out of money.

COPPOLA COMMENT

🧵Must read item here, particularly … 1/
#SilvergateBank #SignatureBank #SiliconValleyBank #Crypto

https://flip.it/f8WdIz The Federal Reserve is supposed to monitor the nation’s banks for risk. Is it up to the job?

The Federal Reserve is supposed to monitor the nation’s banks for risk. Is it up to the job?

Is the Federal Reserve, charged with supervising the banks for which it is the primary regulator, too chummy or aligned with those banks to do its job?

NBC News

🚨Ω🚨
#TheCryptocalpyseChronicles: How Everyone Is Getting The Story Of Silicon Valley and Signature Bank Completely Wrong

(And other incomprehensible things, like #Coinbase's banking partnerships)

Ω👇Ω
https://cryptadamus.substack.com/p/how-everyone-got-the-story-of-silicon
#SVB #SIVB #SiliconValleyBank #SignatureBank #SBNY #SI #SilvergateBank #Coinbase #COIN #cryptocurrency #crypto #SigNET #Bank #banking #banks

How Everyone Is Getting The Story Of Silicon Valley Bank and Signature Bank Completely Wrong

And other incomprehensible things, like Coinbase's banking partner.

The Cryptocalypse Chronicles
Tuit / Twitter

Twitter

bank runs are murmurations.

that's it.

that's the toot.

#SVBCrash #SignatureBank #CreditSuisse #FirstRepublicBank #SilvergateBank

Silicon Valley Bank: tra ortodossia monetaria e regole truccate del casinò finanziario

La finanza americana continua a essere il vero baricentro del caos: altera i prezzi reali con i derivati, celebra il dollaro con i conflitti per finanziare il debito interno ed esporta inflazione e shock immobiliari. Un quadro non molto diverso dalle crisi del nuovo millennio. L'analisi di Alessandro Volpi

Altreconomia
Bitcoin-Kurs rutscht unter 20.000 US-Dollar ab – Silvergate-Kollaps sorgt für Unruhe

Unter anderem wegen der Pleite der wichtigen „Krypto-Bank“ Silvergate muss Bitcoin nun erstmals wieder die 20.000 US-Dollar-Marke aufgeben.

Cointelegraph

Sen. Warren demands answers from Silvergate Bank about its business dealings with FTX

#SenWarren #SilvergateBank #FTX
https://www.nbcnews.com/tech/crypto/elizabeth-warren-ftx-silvergate-bank-crypto-rcna60147

Sen. Warren demands answers from Silvergate Bank about its business dealings with FTX

Sen. Elizabeth Warren and two GOP colleagues sent Silvergate Bank a request for info about the bank’s relationship with FTX and other Sam Bankman-Fried entities.

NBC News

Silvergate Bank cuts ties with Binance, disabling USD deposits and withdrawals

https://www.theblockcrypto.com/post/108064/silvergate-bank-binance-cut-ties-crypto

"Binance will no longer support USD deposits and withdrawals via Silvergate Bank over SWIFT from June 11."

"It is unclear why Silvergate Bank ended the partnership with Binance and whether it also affects Binance.US."

#Bitcoin  #Binance #BinanceUS #SWIFT #Silvergate #SilvergateBank #TheBlock #TheBlockCrypto

Silvergate Bank cuts ties with Binance, affecting deposits and withdrawals

Crypto-friendly Silvergate Bank has abruptly cut ties with crypto exchange operator Binance, The Block can confirm.

Diem leaves Switzerland for US, announces plan to work with Silvergate on dollar-backed stablecoin

https://www.theblockcrypto.com/linked/104696/diem-leaves-switzerland-for-us-announces-plan-to-work-with-silvergate-on-dollar-backed-stablecoin

"Libra Association then [pivoted from planning] a "basket of currencies" to [planning a] USD-backed stablecoin.

--
Silvergate to be the Exclusive Issuer of U.S. Dollar Backed Stablecoins by Diem:
https://ir.silvergate.com/news/news-details/2021/Silvergate-to-be-the-Exclusive-Issuer-of-U.S.-Dollar-Backed-Stablecoins-by-Diem/default.aspx

#Bitcoin #Facebook #Diem #DiemAssociation #Libra #LibraAssociation #CH 🇨🇭 #US 🇺🇸 #USD #Stablecoin #Silvergate #SilvergateBank #TheBlock #TheBlockCrypto

Diem leaves Switzerland for US, announces plan to work with Silvergate on dollar-backed stablecoin

Diem has also named Silvergate Bank as the exclusive issuer of its much-delayed USD-backed stablecoin, though it has not given a launch date.