that alleges that the payment system was used in FTX’s fraudulent co-mingling of customer funds.) Signature’s collapse was the third-largest commercial bank failure in U.S. history—and unfolded days after Silicon Valley Bank became the second-largest.
On Wednesday, however, Kevin Greene, the CEO of Tassat, whose technology underpins Signet, told TIME that Signet was operating normally, and predicted that it would continue to do so in the weeks to come despite Signature’s closure. “We’ve got a very robust platform that never goes down and operates around the clock. It doesn’t matter what the markets are doing or what else is happening,” he says.
“For crypto institutions, it’s probably a bit easier for them to transition onto the larger banks,” he says. “For smaller crypto projects and startups, their burdens are just as any other startup’s burdens in Silicon Valley. It’s really difficult to find banking providers for nascent, risky industries.”
Cryto-currency - the New Promissory Note: SIMPLIFIED - a pool of funds setup between buyers, sellers, and end users that rarely payout and exist in the virtual form on an institution's books and get moved electronically to balance the 'books' - pyramid EFTs.
Crypto was a scam to begin with?
“I think part of what happened was that regulators wanted to send a very strong anti-crypto message,” Frank said. “We became the poster boy because there was no insolvency based on the fundamentals.”
Not sure
How much did the Biden Regime pay for this complete fabrication? Why would the entire Crypto world be in trouble if ANY bank would fail? Crypto literally exists only as an alternative to banks. 🤣🤣🤣
We don’t care I’m still buying bitcoin
High risk.
Then why is the The Biden administration putting its support behind the research and development of a “U.S. Central Bank Digital Currency,” or CBDC.?
😈se llevaron el 💸💵💸💵💸💵💸💵💸💵💸💵💸pero dejaron los bonos 🧾📜🧾📜🧾🧾📉📈📉📉📉📉y ahí millones de bonos que nadie quiere comprar 💸💵💸💵💸💵💸💵💸💵💸💵💵💵💸
oh no, will someone please think of the crypto industry? who fucking cares