{"id":25083,"date":"2023-03-14T21:21:52","date_gmt":"2023-03-14T21:21:52","guid":{"rendered":"https:\/\/davidgerard.co.uk\/blockchain\/?p=25083"},"modified":"2023-03-14T21:26:36","modified_gmt":"2023-03-14T21:26:36","slug":"crypto-collapse-signature-bank-blows-up-us-crypto-frantically-looks-for-banking","status":"publish","type":"post","link":"https:\/\/davidgerard.co.uk\/blockchain\/2023\/03\/14\/crypto-collapse-signature-bank-blows-up-us-crypto-frantically-looks-for-banking\/","title":{"rendered":"Crypto collapse: Signature Bank blows up, US crypto frantically looks for new banking"},"content":{"rendered":"<p>More banks are on fire! This time it&#8217;s Amy&#8217;s turn to post. [<a href=\"https:\/\/amycastor.com\/2023\/03\/14\/crypto-collapse-signature-bank-blows-up-us-crypto-frantically-looks-for-banking\/\"><em>Amy Castor<\/em><\/a>]<\/p>\n<p>In today&#8217;s desperate telegram from the front:<\/p>\n<ul>\n<li>Signature, the other bank of crypto, got taken out and shot on Sunday evening \u2014 a few hours after we <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2023\/03\/12\/crypto-collapse-silicon-valley-bank-falls-and-takes-out-usdc-new-york-calls-eth-a-security\/\">posted about Silicon Valley Bank.<\/a><\/li>\n<li>USDC has recovered. Circle and Coinbase mostly dodged the fallout from Signature.<\/li>\n<li>Good thing crypto is uncensorable and unstoppable and doesn\u2019t need banking \u2014 &#8216;cos they don&#8217;t have it any more.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2023\/03\/14\/crypto-collapse-signature-bank-blows-up-us-crypto-frantically-looks-for-banking\/millbury\/\" rel=\"attachment wp-att-25084\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-25084\" src=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2023\/03\/millbury.jpg\" alt=\"\" width=\"510\" height=\"315\" srcset=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2023\/03\/millbury.jpg 680w, https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2023\/03\/millbury-300x185.jpg 300w, https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2023\/03\/millbury-348x215.jpg 348w\" sizes=\"auto, (max-width: 510px) 100vw, 510px\" \/><\/a><\/p>\n<br><br><div align=\"center\"><p><a href=\"https:\/\/www.patreon.com\/bePatron?u=8420236\"><img src=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2021\/10\/become_a_patron_button.svg\" alt=\"Become a Patron!\" title=\"Become a Patron!\" width=217 height=51><\/a><br><p style=\"align:center;\" class=\"patreon-badge\"><i>Your subscriptions keep this site going. <a href=\"https:\/\/www.patreon.com\/bePatron?u=8420236\">Sign up today!<\/a><\/i><\/p><\/div>","protected":false},"excerpt":{"rendered":"<p>\u201cIn five years a number of banks will not be around because of blockchain technology.\u201d \u2014 Joseph DiPaolo, Signature Bank, 2018<\/p>\n","protected":false},"author":1,"featured_media":25084,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[650,288,3388,1865],"class_list":["post-25083","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorised","tag-circle","tag-coinbase","tag-signature-bank","tag-usdc"],"jetpack_featured_media_url":"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2023\/03\/millbury.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/25083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/comments?post=25083"}],"version-history":[{"count":11,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/25083\/revisions"}],"predecessor-version":[{"id":25095,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/25083\/revisions\/25095"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media\/25084"}],"wp:attachment":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media?parent=25083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/categories?post=25083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/tags?post=25083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}