The collapse of Silicon Valley Bank has resulted in finger-pointing and blame being passed around the financial tech industry. The cryptocurrency sector and the traditional tech sector are busy blaming each other over the massive failure of the tech industry’s favorite bank.
The New York Times reports that bitter arguments over the function of centralized banking and the potential advantages of decentralized financial systems, such as cryptocurrency, has been sparked by the recent collapse of Silicon Valley Bank, which sent shockwaves through the technology sector.
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