A version of this article was published in TIME’s newsletter Into the Metaverse. Subscribe for a weekly guide to the future of the Internet. You can find past issues of the newsletter here. As fears of bank failures have spread around the world in the last week, the contagion has threatened to engulf crypto.
Why Signature Bank’s Failure Could Be A Huge Setback For The Crypto Industry
Andrew R. Chow, Time: Business
Thu, 03/16/2023 - 10:57am
Topics: time&rsquo metaverse internet ldquo;the taylor johnson embracing crypto new york-based signature eric howell coinbase forbes december march silvergate&rsquo silicon falling dominoes svb read easy explanation for won&rsquo stop washington new york state department financial services bloomberg ftx&rsquo blockchain association freedom information act foia crypto usdc,&rdquo ryan selkis jeremy allaire circle bny mellon cross river on wednesday kevin greene ldquo;tassat finding partners market customers bancorp john lo recharge capital johnson ldquo;and time bank valley u.s psyfi crypto signature signature january signet silvergate ftx signature&rsquo information mess fdic dc ceo tassat ldquo;for failure huge week deposits major smaller system accept role clients money announced hit regulators seized burdens statement issues reduce payment predicts exchanges collapse ldquo;if company newsletter companies world insiders contagion co-founder difficult crisis clear run move firm larger billion activity executives institution institutions platform predicted panic regulatory told
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