The market is in turmoil after “crypto-friendly” Silvergate Bank collapsed shortly followed by Silicon Valley Bank (SVB,) and social media is full of doom-sayers, worried about the money they have in the bank. Well, while these rituals are a foreshadowing of the ongoing narrative of Crypto needing to be centralized and controlled by governments and world banks, I still think that scenario is years into the future. What we see now is some of … Continue reading Crypto Centralization: Stablecoin USDC Breaks Dollar Peg – And Musk ‘Open to the Idea’ of Buying SVB