Metamask saw a record volume of swaps over the weekend, as the demise of Silvergate, SVB and Signature unfolded.
Metamask saw a record volume of swaps over the weekend as the demise of Silvergate, SVB and Signature unfolded.
People were likely speculating over where to keep their funds safely, Metamask group manager Dan Finlay says on an upcoming episode of The Scoop.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Swaps volume on web3 wallet provider Metamask hit an all-time high over the weekend as the fall of top crypto-friendly banks Silvergate and Signature sent shockwaves through the sector.
A big part of that was linked to the uncertainty over exactly how those bank closures would play out, Metamask group manager Dan Finlay says on an upcoming episode of The Scoop podcast with Frank Chaparro. "It's a lot of just speculative panic. People aren't sure what they can trust. And everybody seems to want something stable," he said. People were"making some pretty big moves in response to this situation."
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto-friendly Signature Bank shut down by regulators after collapses of SVB, SilvergateState authorities closed New York-based Signature Bank on Sunday, after Silicon Valley Bank was shut down by regulators on Friday in the biggest bank failure...
Read more »
What the failures of Signature, SVB and Silvergate mean for the crypto sectorThe failure of crypto-focused banks once again showed the vulnerability of stablecoins, which can lose their peg in unusual financial situations.
Read more »
Here's why bitcoin is rallying after collapse of Silvergate, SVB and SignatureBitcoin is seeing its best three-day performance since October 2019, as the collapse of three banks in a week fueled some investor expectation that the...
Read more »
JPMorgan, PNC among suitors for SVB Financial in deal excluding SVB Bank - AxiosJPMorgan Chase & Co and PNC Financial Service Group Inc are among those in talks about acquiring SVB Financial Group in a deal that would exclude its commercial banking unit Silicon Valley Bank that is currently under U.S. control, Axios reported on Monday citing sources.
Read more »
SVB collapse: The Treasury must make whole SVB investorsThe Treasury Department is right to ensure that investors at Silicon Valley Bank have access to their deposits.
Read more »