NEW:
— Nick Timiraos (@NickTimiraos) March 12, 2023
*Signature Bank has been closed
*All depositors of Silicon Valley Bank and Signature Bank will be fully protected
*Shareholders and certain unsecured debtholders will not be protected
*New Fed 13(3) facility announced with $25 billion from ESF to backstop bank deposits pic.twitter.com/LKipIRMg1T
Signature is one of the main banks to the cryptocurrency industry
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this is good for bitcoin
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You joke but...
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Now zoom out
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