Ripple XRP - Garlinghouse - Ripple EXPSURE to SVB - Financial System Is Broken - BANK RUN COMING
- S3E468
- 1:02:37
- March 12th 2023
Ripple XRP - Garlinghouse - Ripple EXPSURE to SVB - Financial System Is Broken - BANK RUN COMING
The recent banking crisis involving Silicon Valley Bank (SIVB) and the FDIC-insured deposits of its customers has drawn attention from Ripple CEO Brad Garlinghouse. Garlinghouse took to Twitter to criticize the broken banking system, stating that it cannot even move money 24/7/365. He also made a statement regarding Ripple's exposure to SIVB, but did not provide further details. Meanwhile, a live blog by Zero Hedge reports that the FDIC is currently holding an auction for SIVB's assets, with failed bids being the likely outcome.
In related news, CNN reports that US banks are sitting on an unrealized loss of $620 billion, further highlighting the precarious state of the banking system. Meanwhile, the Zero Hedge Twitter account has criticized the Fed and Treasury for their regulatory failure in preventing billions in losses, instead focusing on board diversity and unrelated international travel.
*SUPPORT ON THE CHAIN*
JOIN THE CHANNEL
https://otc.one/join
OTC MERCH
https://onthechain.shop
BUY US A COFFEE
https://otc.one/buy-us-a-coffee
Support ON THE CHAIN
https://otc.one/support
--------------
*ON THE CHAIN*
SUBSCRIBE TO THE OTC PODCAST:
https://otc.one/podcast
Subscribe to our other Youtube Channel:
https://otc.one/onthechain
On The Web:
https://onthechain.io
Follow OTC on Twitter:
https://otc.one/otc
Join On The Chain Community on Twitter
https://twitter.com/i/communities/1599435678995062788
Join our FREE Telegram Roundtable channel:
https://t.me/onthechain_roundtable
--------------
*JEFF*
Follow Jeff on Twitter:
https://otc.one/jeff
--------------
*CHIP*
Follow Chip on Twitter:
https://otc.one/chip
Listen to Chip's music
http://nojoyyet.com
--------------
*DISCLAIMER:*
_All opinions expressed by content contributors that appear on OTC are solely expressing their opinions and do not reflect the opinions of OTC, its affiliates, or sponsors. Content contributors may have previously disseminated information on a social media platform, website, or another medium such as a podcast, television, or radio.
OTC, Content Contributors, Affiliates, or Sponsors are not obligated to update or correct any information. The content contributors are sharing the information which they believe to be reliable. OTC, its affiliates, or sponsors cannot guarantee the accuracy of the opinion shared, and viewers, readers, and listeners should not rely on it.
Opinions expressed are not financial advice. Please consult a licensed financial advisor before making any financial decisions. You must research before you invest in anything. Do not invest based on what someone else is doing or not doing, or based on other people’s opinions._
#XRP #Ripple
On The Chain - Blockchain and Cryptocurrency News + Opinion
Welcome to On the Chain
On The Chain focuses on Blockchain and Digital Assets, Cryptocurrency news, and opinion with a focus on XRP. For those who are brand new to the Digital Asset / Blockchain space, and those who have been around and are considered to be veterans in this space.
OC has a global audience., providing high-quality, fact-based content and no hype.
It is a community-driven platform for Mainstreet, a growing need and growing interest in the latest news, opinions, and research in the digital asset/blockchain technologies.
All opinions expressed by the contributors are their own opinions and not necessarily those of the OTC platform.
Platform to reach a massive global audience providing high-quality content support to lift content creators.
Follow us on TWITTER: https://twitter.com/on_the_chain
YouTube Channels:
- https://www.youtube.com/c/OnTheChainLIVE
- https://www.youtube.com/c/OnTheChain