#siliconValleyBank

⚯ Michel de Cryptadamus ⚯cryptadamist@universeodon.com
2025-02-23

#SiliconValleyBank just can't seem to put down the crypto crack pipe.

Expect another taxpayer bailout like the one the #broligarch customers of #SVB got when the bank collapsed the first time back in 2023.

fintechbusinessweekly.substack

#SIVB #Binance #crypto #banking #corruption #finance #SiliconValley #NerdReich #broligarchs #broligarchy #uspol

⚯ Michel de Cryptadamus ⚯cryptadamist@universeodon.com
2025-02-12

@daedalean @GhostOnTheHalfShell for all intents and purposes there are really only two #stablecoins:

1. USDT (Tether - ~70% of the market)
2. USDC (#Coinbase, technically through a company called Circle - ~25% of the market)

the rest are tiny.

USDC has actually done an audit or two and we know where the money is (it's in a blackrock trust). #Tether has been the subject of a lot of writing and speculation by me and many others for years now.

#KirstenGillibrand works for the Coinbase / #a16z / #Circle axis of crypto evil so this bill is basically creating rules that would push Tether USDT out of the US market.

Coinbase CEO has already made noise about how they will probably have to delist USDT. Circle CFO is on video saying that Tether is a counterfeiting operation.

(fun fact: Circle USDC was the largest depositor at #SiliconValleyBank and if SVB had been allowed to collapse and $3.2bn worth of USDC had died with it the entire crypto industry would have gone kaput.

#moralhazard

Analyse Asiaanalyseasia@mas.to
2024-12-03

🎙️ Fresh out of our studio, Ken Wilcox, former CEO of Silicon Valley Bank and author of "The China Business Conundrum", offers an insider's perspective on establishing SVB’s joint venture in #China youtu.be/RzU830wVMcM #chinabusiness #siliconvalleybank

Business | The Guardian UStheguardian_us_business@halo.nu
2024-03-01
2024-01-09
TechToqtechtoq
2023-12-31

As we say goodbye to this year and welcome 2024, here a re top 10 tech news that made headlines in 2023

techtoq.com/news/top-10-tech-s

2023-12-21
Bala Danmericybereverest
2023-09-19

SVB’s commercial banking president: ‘Come on back, the water’s fine’ techcrunch.com/2023/09/19/svb-

Kevin Karhan :verified:kkarhan@mstdn.social
2023-08-18

@maxi
And whilst Wirecard folding as the grift it has been from the start may be inconvenient for merchants using them, this didn't result in the same #shitshow that #SiliconValleyBank caused:

People still got their paychecks and businesses could still pay suppliers and get paid.

They might've to switch to competitors like Adyen but in the end, that isn't a hard move...

Integrating #Wirecard messy code was always a clunky shitshow compared to #PayPal which has a clean API...

El Club De Los Físicos MuertosaLFRe
2023-08-02

When bankrupt of happened,other banks collapsed and crisis of the medium and regional banks in the US arose, I warned to you not to invest your money in public debt.
There is too much.
15 hours ago,ratings agency has placed the rating of US treasuries from AAA to AA+
In an unexpected movement the shares are starting to fall while has risen 0.4% so far.

Stocks drops after Fitch downgrades US rating
Headlines Reuters 2023 Aug.02
2023-07-19

Bundesbankpräsident Nagel hat vor den Gefahren eines Banken-Ansturms durch #FakeNews gewarnt
Der Fall der #SiliconValleyBank habe gezeigt, dass man schneller werden müsse. Dort hätten Äußerungen in den sozialen Medien dazu beigetragen, einen #BankRun zu beschleunigen. Die Frage sei, ob Fake News auch so etwas auslösen könnten.
Er habe von einem Kollegen aus Südkorea gehört, dass dort eine Task Force der #Bankenaufsicht systematisch die sozialen Medien überwache

🤔

fr.de/wirtschaft/bundesbankpra

Remember 2y UST yield was above 5% before the regional #banking turmoil around #SiliconValleyBank ensued, chart @ING_economics

2023-06-05

If you haven't seen inside the financials of #SiliconValleyBank and are curious, here is your opportunity. Econ-Intel is now offering bank safety reports for all FDIC insured banks, so that people can find out how safe their money may be at their banks. We are providing the one for #SVB for FREE immediate download:

econ-intel.com/product/free-si

@economics
#economics #finance

2023-06-01

With the recent bank failures, it's only natural to be concerned about your bank. Now there are tools to help you evaluate the level of risk that your bank exposes you to.

You can find them here:
econ-intel.com/product-categor

There is a FREE report immediately available for #SiliconValleyBank #SVB

Very interested to hear from the mastodon community your thoughts about this project.

#BankFailure #banks #bank #BankRisk #BankLiquidity

Client Info

Server: https://mastodon.social
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