With the presumably crypto-friendly Silvergate Bank announcing its closure, U.S. Senator Elizabeth Warren attributing the situation to “crypto risk,” and people criticizing Warren on social media for being “terribly ignorant,” it’s been a rocky week in finance. In addition, Silicon Valley Bank was shut down by US regulators following reports of a bank run and other issues. Other recent events include claims that Vitalik Buterin, the co-founder of Ethereum, sold trillions of airdropped ERC20 tokens at a loss and the possibility that India and Russia may challenge the supremacy of the US dollar through oil transactions. This is the Bitcoin.com News Week in Review, which includes all of this and more.
Extreme Market Turbulence: Critics Call Warren’s Silvergate Take ‘Terribly Misinformed,’ SVB Collapses, Vitalik’s Token Sell-Off Moves Markets, and More — Week in Review
