The Crypto Ethic12 Mars 2023

Collapsing Banks & Money Runs!

It's been an extraordinary weekend in crypto and the wider banking sector (US-focussed) and because of that we have delayed our planned show for this week and Tansy (lead coach of The Crypto Ethic) made this short video to share a little bit of the news as it relates to the several bank collapses (focussing on Silvergate and Silicon Valley Bank) and the run on USDC (a stable coin) that lost, for a time, it's $1 peg due to a high number of people trying to exchange their holdings of it (with many in the crypto space facing PTSD reminders of the Luna/UST collapse). There is MUCH more to cover and Tansy & Anja will be back next week (and ongoing weeks) to reflect on all that has been going on but it felt important to release this video to share some of the immediately riskier news in the space as it relates to money held in banks, the potential for further impacts and a potential run on USDC when exchanging it for USD resumes on Monday. www.thecryptoethic.com

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These Crypto Conversations are hosted by The Crypto Ethic founder, lead bitcoin/blockchain coach and empowerment counsellor Tansy Baigent, and The Crypto Ethics' program editor Anja Claus.

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