This week’s main blog discussions include …
Will Silicon Valley Bank kill the FinTech industry?
“When you’re not working, what do you do to de-stress?” was the last question Greg Becker, CEO of Silicon Valley Bank (SVB)*, took at an investor conference on Tuesday last week. “Cycling is my advice,” he replied. Three days later he was on his bike as his bank went into receivership.
People fear banking collapses and, with five in a week, is this contagion? In the last few days Silicon Valley Bank, Signature Bank, First Republic, Railsr and Credit Suisse have failed. Technically they are still alive but, realistically, they flat-lined. Is this a financial crisis? No. Each bank had different issues and so I thought…
Tim Berners-Lee on the next generation internet
A headline jumped out at me the other day: World Wide Web inventor Tim Berners-Lee calls crypto ‘dangerous’ and likens it to gambling The key points he made in an interview with CNBC are: Tim Berners-Lee, the inventor of the World Wide Web, called cryptocurrency “dangerous” and likened it to gambling. Discussing the future of…
Brian Armstrong, CEO of Coinbase, presents the reasons why crypto needs regulation
Brian Armstrong, CEO of Coinbase, the cryptocurrency exchange preferred by many, was interviewed by Bloomberg[1]. I’ve selected a number of key comments he made, as this feeds well into my arguments about DeFi (Decentralised Finance) versus CeFi (Centralised Finance). All commentary below is direct from Brian: … One in five households have used crypto, about 50…
I often return to a theme: where’s my guarantee? Where’s my backup? After the failure of Silicon Valley Bank and Signature Bank during the past week, it begs the question: where’s my guarantee? Where’s my backup? After losing money on MtGox ten years ago: where’s my guarantee? Where’s my backup? With the failure of FTX and Terra-Luna: where’s…
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...