SVB: After the biggest banking crash since 2008, what happens next?

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City AM

By Darren Parkin The news that an actual, regulated bank connected to crypto has imploded sent investors, stock markets, and punters generally into meltdown. I received numerous texts and calls over the weekend from people saying they had sold everything, or had shifted everything from Coinbase as “I hear it is going bust”. One of them did have the courtesy to say upfront that I would probably tell him not to do anything – which is precisely what I advised. The collapse of Silicon Valley Bank (SVB) has absolutely nothing to do with crypto, either in terms of volatility, value or anything else….

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