Newsletter
CoinSharks
  • Bitcoin
  • Ethereum
  • Altcoins
  • Nasdaq
  • NYSE
  • Regulation
  • Shark School
  • Premium Services
No Result
View All Result
  • Bitcoin
  • Ethereum
  • Altcoins
  • Nasdaq
  • NYSE
  • Regulation
  • Shark School
  • Premium Services
No Result
View All Result
CoinSharks
No Result
View All Result
Home News

Recent bank bailouts and the response of the crypto industry

The Megalodon by The Megalodon
March 28, 2023
in News
0
Recent bank bailouts and the response of the crypto industry
389
SHARES
1.8k
VIEWS
Share on FacebookShare on Twitter

The recent bank bailouts in the US have not caused concerns within the crypto community, which has increasingly become intertwined with traditional financial systems. While in the early days of cryptocurrencies there was enthusiasm for the promise of cutting out the banking system from financial transactions, the tension has faded away as digital assets have become more interconnected with the larger financial market. US Federal Reserve System intervention in banks such as Silvergate, Signature, and Silicon Valley Bank (SVB) have saved depositors and been welcomed by the crypto industry.

However, this bailout raises questions of whether the crypto industry has become dependent on traditional banking and whether this interdependence is desirable or not. The overlap between the crypto and startup communities has led to support for the bank bailouts, and there has been no ethical contradiction in the crypto community’s reception of this intervention. Although bailouts have a negative connotation within the crypto community, the need to save valuable institutions bordering on crypto and fiat, especially given the scarcity of such institutions, has been supported.

Related articles

From Crashes to Cash: Crypto Funding Moves from CeFi to DeFi

CertiK Reports $1.1M Exploitation of DeFi Protocol WDZD Swap

May 26, 2023
Bitcoin Lightning to be integrated, says Coinbase CEO

Binance halts bridged token deposits and requests clarification from Multichain team

May 26, 2023

The blame for banks’ mismanagement during the bank crisis should not be attributed solely to the banks’ executives as the US government invested in governmental notes.

Share156Tweet97

Related Posts

From Crashes to Cash: Crypto Funding Moves from CeFi to DeFi

CertiK Reports $1.1M Exploitation of DeFi Protocol WDZD Swap

by The Megalodon
May 26, 2023

Decentralized finance (DeFi) protocol WDZD Swap was targeted in an attack on May 19, resulting in the loss of $1.1...

Bitcoin Lightning to be integrated, says Coinbase CEO

Binance halts bridged token deposits and requests clarification from Multichain team

by The Megalodon
May 26, 2023

Deposits for bridged tokens have been temporarily suspended by Binance, leading to concerns about the Multichain protocol. The suspension affects...

CME Group Plans to Increase Bitcoin and Ether Option Expiries Following a Record Daily Trading Volume.

Central Banks and BIS Collaborate on Ongoing Policy Issues for Retail CBDC

by The Megalodon
May 26, 2023

The Bank for International Settlements (BIS) and a consortium of central banks have jointly published their fifth paper, which sheds...

Meta’s positive first quarter overshadowed by $4B loss in Metaverse division

Meta Introduces Megabyte System, Addressing Major Roadblocks for GPTs

by The Megalodon
May 26, 2023

Researchers at Meta AI have made a significant breakthrough in tackling the tokenization challenge associated with GPT (Generative Pre-trained Transformer)...

Fed Governor says wholesale CBDC holds potential, but retail CBDC is hard to envision.

Norwegian Central Bank Suggests Independent Approach to Crypto Asset Regulation in Norway

by The Megalodon
May 26, 2023

Norway's central bank, Norges Bank, has released its annual "Financial Infrastructure Report," which highlights the issue of crypto assets and...

Load More
  • Trending
  • Comments
  • Latest
Kaspersky reports a 40% increase in crypto phishing attacks within a year

Kaspersky reports a 40% increase in crypto phishing attacks within a year

April 17, 2023
Investors Must Be Aware of These 3 Points from the C3.ai Report by Short-Sellers

Investors Must Be Aware of These 3 Points from the C3.ai Report by Short-Sellers

April 18, 2023
XRP Price Nears ‘Sell the News’ Moment Following a 20% Weekly Gain in the Crypto Market

XRP Price Nears ‘Sell the News’ Moment Following a 20% Weekly Gain in the Crypto Market

March 28, 2023
THORChain Halts Mainnet Due to Potential Network Vulnerability Reports

THORChain Halts Mainnet Due to Potential Network Vulnerability Reports

March 29, 2023
Protecting Your Crypto: The Importance of AML Frameworks in Web3

Protecting Your Crypto: The Importance of AML Frameworks in Web3

President Biden Proposes Phased-In 30% Tax on Cryptocurrency Mining Electricity Usage

President Biden Proposes Phased-In 30% Tax on Cryptocurrency Mining Electricity Usage

Explaining the Reasons for the Recent Downturn in Ethereum (ETH) Price: A Macro Analysis

Explaining the Reasons for the Recent Downturn in Ethereum (ETH) Price: A Macro Analysis

Breaking Barriers: Women in Web3 Leading the Charge for Diversity and Inclusion

Breaking Barriers: Women in Web3 Leading the Charge for Diversity and Inclusion

From Crashes to Cash: Crypto Funding Moves from CeFi to DeFi

CertiK Reports $1.1M Exploitation of DeFi Protocol WDZD Swap

May 26, 2023
Bitcoin Lightning to be integrated, says Coinbase CEO

Binance halts bridged token deposits and requests clarification from Multichain team

May 26, 2023
CME Group Plans to Increase Bitcoin and Ether Option Expiries Following a Record Daily Trading Volume.

Central Banks and BIS Collaborate on Ongoing Policy Issues for Retail CBDC

May 26, 2023
Meta’s positive first quarter overshadowed by $4B loss in Metaverse division

Meta Introduces Megabyte System, Addressing Major Roadblocks for GPTs

May 26, 2023
  • Premium Services
  • Terms of Service
  • Privacy Policy

All Rights Reserved. CoinSharks.

No Result
View All Result
  • Bitcoin
  • Ethereum
  • Altcoins
  • Nasdaq
  • NYSE
  • Regulation
  • Shark School
  • Premium Services

All Rights Reserved. CoinSharks.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.