It’s been a crazy week for the markets. Silvergate Bank announced its “voluntary liquidation” earlier this week. And Silicon Valley Bank (SVB) appears to be following in its footsteps. SVB is a major part of the tech and startup economy. It’s also America’s 16th largest bank. Its implosion would be the largest bank failure since Washington Mutual collapsed in 2008.
While some are saying this banking crisis is a crypto problem… we strongly disagree.
In this episode of Crypto Monitor, Allison Brickell and Vin Narayanan discuss what happened to these big banks, why it happened and what it all means.
Thanks for watching!