Create accountLogin

Recent searches

No recent searches

Search options

Only available when logged in.
universeodon.com is part of the decentralized social network powered by Mastodon.
Be one with the #fediverse. Join millions of humans building, creating, and collaborating on Mastodon Social Network. Supports 1000 character posts.

Administered by:

Server stats:

3.5K
active users
Learn more

universeodon.com: AboutStatusProfiles directoryPrivacy policy

Mastodon: AboutGet the appKeyboard shortcutsView source codev4.2.17

#silvergate

0 posts0 participants0 posts today
⚯ Michel de Cryptadamus ⚯

New paper from and the blames the 2023 banking crisis on (you guessed it) and Nerd Reich .

> "A clearer commonality between the six banks [that failed], the paper argues, is their exposure to risky depositor bases that other banks shied away from: firms and [tech] venture capitalists."

* American Banker: americanbanker.com/news/new-pa
* Paper: chicagofed.org/publications/wo

#SiliconValleyCalif#SVB#SBNY
*
⚯ Michel de Cryptadamus ⚯

@GottaLaff the crypto bros are big mad about the collapse of and Signature banks (AKA "the big crypto banks"). the conspiracy theory they have about the is called "Operation Chokepoint 2.0" if you want to look into it.

(the reality is that Silvergate and Signature banks were massive money laundering hubs, moving literally trillions of dollars a year in untracked funds outside of all money laundering regulations. they were both intimately connected to )

cc @KimPerales ICYMI

i published this 4 months before Signature Bank collapsed: cryptadamus.substack.com/p/sig

The Cryptocalypse Chronicles · Signature Bank, FTX, Binance, and TrueUSD: A Tale of Questionable JudgementBy Michel de Cryptadamus
#SBNY#SI#SignatureBank
JLH

🧵 Third or fourth major bank failure this year depending on your view of the #Silvergate’s demise. Key questions: Will the #FDIC bailout the uninsured FRC depositors including the $30 billion deposited by major banks in March? If so, will the cost be covered by another special assessment on the banking industry? 1/

FDIC to place #FirstRepublicBamk under receivership | Reuters

reuters.com/business/finance/f

ReutersFirst Republic stock rout deepens after report on likely FDIC receivershipFirst Republic Bank <a href="https://www.reuters.com/companies/FRC.N" target="_blank">(FRC.N)</a> shares plunged after a CNBC <a href="https://www.cnbc.com/2023/04/28/first-republics-stock-poised-to-rise-for-second-day-as-regional-bank-searches-for-rescue-deal.html" target="_blank">report</a>that the lender was likely headed for receivership under the U.S. Federal Deposit Insurance Corporation (FDIC), worsening a rout that has wiped out 75% of the stock's value this week.
*
David Golumbia

"For all the talk of unbridled innovation, #venturecapital services only very specific types of #innovation: those that stand to produce large exits for investors, and with relatively low risk, regardless of whether the business itself holds much promise or provides any societal benefit." @molly0xfff on #SVB, #Signature, #Silvergate, #VC, #cryptocurrency #crypto #fraud & much more newsletter.mollywhite.net/p/th

Molly WhiteThe venture capitalist's dilemmaBy Molly White
Voron

Hey 🤔 so if you are trusting the #media the #news the experts on the #financial situation with the #banking industry keep this in mind:
1) Moodys rated #SVB top notch days before it went bust
2) the News & government said don’t worry after SVB went bust then that Sunday #Silvergate went bust
3) then media & government says no problem don’t worry now #CreditSuisse #bank is in trouble
..

amp.cnn.com/cnn/2023/03/15/inv

CNNCredit Suisse shares crash as Saudi investor rules out more fundsBy By Mark Thompson and Anna Cooban, CNN
Bongolian

Pranshu Verma & Jacob Bogage: Signature Bank’s collapse spells trouble for industry: As choice institutions fall, companies may be driven to alternative, often riskier, banking options

"Signature Bank, a New York based financial institution with deep ties to the cryptocurrency industry, collapsed over the weekend after depositors made a run on the bank, further roiling the digital assets industry, which has suffered a string of major blows in recent months.

The bank has long been an integral financial institution for the industry, hosting tools for facilitating digital transactions and counting notable crypto companies, such as the cryptocurrency exchange Coinbase, as its clients. It’s part of a slim group of mainstream banks catering to the needs of cryptocurrency firms and their clients, an area that was upended after the closing of another crypto-friendly bank, Silvergate Capital, last Wednesday.


washingtonpost.com/technology/

The Washington PostSignature Bank’s collapse spells trouble for cryptocurrency industryBy Pranshu Verma
David Golumbia

brilliant Edward Ongweso (@bigblackjacobin@twitter) on #SVB, #Silvergate, & much more: "we should ask whether a system that subsidizes a bunch of well-connected, wealthy libertarians as they enrich one another with lottery tickets is truly the only way we can and should develop technology. I hope not." slate.com/technology/2023/03/s ht @hypervisible #venturecapital #fraud

Slate · The Incredible Tantrum Venture Capitalists Threw Over Silicon Valley BankBy Edward Ongweso Jr.
ExploreLive feeds
About