Demand for stablecoins is undiminished – pick 10 books to read on Sunday from columns and interviews published this week.
Is Full Protection of Deposits the Beginning of Moral Hazard?
The events of the past few days will reignite heated debates about the American banking system that fueled Bitcoin’s growth after the 2008 global financial crisis.
Depositors in two of the three banks were given near-bailouts after three banks closed due to a combination of mismanagement and a downturn in the market. …read more
Banking problems with crypto assets born to “avoid banks”
Retail banking (banking for individuals and small businesses) is extremely strong.
You don’t have to read difficult reports or gory anecdotes to understand that. Just imagine all your bank accounts frozen.
Credit cards will no longer work. how are you going to live? …read more
Four parties benefiting from the liquidation of Silvergate Bank
Silvergate Bank, once perhaps the most important financial institution in crypto, was hit by a flood of customer withdrawals and was unable to bounce back even with loans from the Federal Home Loan Bank, leaving the banking business in a slump. was liquidated.
Talks with the Federal Deposit Insurance Corporation (FDIC) were reportedly to avoid a liquidation and bolster liquidity, but in retrospect, it appears to have been the final blow. …read more
Banking crisis good for stablecoins
Who would have thought that the US government would bail out stablecoins?
By sheer coincidence, the U.S. Treasury Department, Federal Reserve Board (FRB), and Federal Deposit Insurance Corporation (FDIC) have announced plans to fully protect the deposits of two failed banks, resulting in the stablecoin USD Coin ( It also promised to protect at least 8% of USDC collateral. …read more
This crisis will define the future of money
Ten years ago, we first saw a strange new digital currency named Bitcoin (BTC) when its price skyrocketed during the Cyprus banking crisis.
The Cypriot government imposed a 10% tax on deposit withdrawals, creating a huge backlash from the public and accidentally turning some of them towards the idea of a bank-free digital currency. …read more
Does Bitcoin’s Rise Support the ‘Inflation Hedging’ Theory?
Bitcoin (BTC) has seen a significant rally, up nearly 40% since March 11. It outperforms almost all altcoins, including Ethereum (ETH).
Some argue that this confirms Bitcoin’s “inflation hedge” theory. Just nine months ago, it was a nearly unconvincing argument, if not completely obsolete. …read more
Tether Becomes Safest Stablecoin Amid Banking Crisis: Analyst
The often-controversial stablecoin Tether (USDT) has emerged as the best bet for traders seeking a stable haven following a series of banking troubles in the United States.
USD Coin (USDC) fell below 90 cents on March 11 after the collapse of Silicon Valley Bank (SVB) revealed that major players in the industry had exposure to the bank. …read more.
Bank failures do not necessarily lead to trust in crypto assets
In the movie “Superman,” Superman flies around the Earth at high speed, turning back time to stop the catastrophic consequences of a nuclear missile. And the world will be saved.
The U.S. Treasury Department, Federal Reserve Board (Fed) and Federal Deposit Insurance Corporation (FDIC) on March 12 to “enhance confidence in America’s banking system” following the dramatic shutdown of Silicon Valley banks. When the special measures were announced and everyone breathed a sigh of relief, you may have thought of this movie. …read more
Bitcoin Emerges as a Safe Haven as Traditional Finance Disrupts
While turmoil spreads in traditional finance (TradFi), crypto assets (virtual currencies) are performing well, and Bitcoin (BTC) is regaining its luster.
With Silvergate Bank, Silicon Valley Bank, and Signature Bank failing, and the Credit Suisse acquisition confirmed, cryptocurrencies appear to be a safe haven. …read more
Web3 and Loyalty Marketing | Will Starbucks NFT Case Study Become a Standard Approach for Companies to Utilize NFTs: HashHub Research
Over the past few years, companies have continued to search for new customer experiences, as well as business and product/service sales using smart contracts and NFTs.
In the summer of 2021, early NFT utilization cases became a hot topic, such as Coca-Cola, Budweiser, etc. issuing NFTs. …read more
｜Text and editing: coindesk JAPAN editorial department
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