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Find all the economic and financial information on our Orishas Direct application to download on Play StoreLa chute de Silvergate Bank and “stable” digital currency from Circle have created difficulties. $3 billion in reserves are locked up at Silicon Valley Bank (SVB). Prices have plunged again, while bitcoin is venturing below $20,000.
La déroute de la Silicon Valley Bank (SVB), the tech finance agency, gave the crypto world a coup at the end of the week. After the fall of Silvergate, the California bank took over crypto banking. Noted that the fall of this bank caused the second “stable” digital currency (stablecoin or crypto) pegged to one currency, “the dollar.”
The sector suffered a severe cold snap with the liquidation of the “cryptocurrency” Silvergate last Wednesday. The defeat of Silvergate, the umpteenth consequence of the FTX crash in November, is therefore destabilizing an already shaky sector.
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