A sad day
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butwhy.gif /s
How can even the juggernaut that is Facebook compete with Sesame Street?
(/s too)
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Why are all these people getting into NFTs now that the bubble has been thoroughly burst and flattened, and AI is the grift of the day?
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TrueAnon Episode 275: Planet Money
Freelance journalist Jacob Silverman joins us to talk about the collapse of Silvergate Capital, the shakedown of crypto, and his forthcoming series on Sam Bankman-Fried and the implosion of FTX’s billion-dollar fraud.
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Well, Icarus’ hubris did kill him in the end. So this could be a good fit. I mean the smart one was Daedalus.
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Though Daedalus invented something that actually worked.
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The preview on Doomberg says enough: the author is linking the suddenness of the SVB regulatory takeover and a general crackdown on crypto.
Within days, Silvergate and Signature Bank – the two banks that most aggressively facilitated payments into and out of the crypto universe – were defunct. Silicon Valley Bank, which catered to the venture capital firms who regularly fleeced retail investors through various crypto proxies during the height of the mania, was also in the hands of the Feds, having been seized during business hours on Friday.
I’m giving this theory a 
. Feels right.
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You lost half your investment last year in crypto and all depositors were covered in the bank closing. But you’re worried about banks? 
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Obviously, this is good for Bitcoin! 
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