CARPE CONSENSUS: The Scrumptious Irony of the Silicon Valley Bank Collapse

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CoinDesk

Business News, News, Daily News, Tech News

4.7 • 698 Ratings

🗓️ 16 March 2023

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

Crypto companies are scrambling to find new banking partners after last weekend’s collapse. Plus: A conversation with photographer Dave Krugman on the “attention economy.” On “Carpe Consensus,” host Ben Schiller, Danny Nelson and Cam Thompson are joined by photographer and non-fungible token (NFT) artist Dave Krugman to highlight the biggest trends in crypto. [0:40] Inside the Desk: Silvergate, Silicon Valley Bank, Signature: Structural pressures have led to the closure or collapse of three tech-focused banks. [12:45] Cam’s Corner: Dave Krugman, NFT artist and founder of creative collective ALLSHIPS, explains how NFTs can reshape the art economy for the long term. [28:35] Danny’s Dungeon: Danny explores where U.S. Treasurys have seeped into the crypto economy. Are you building the next big thing in Web3? Apply to pitch your project live on stage at the CoinDesk Pitchfest Powered by Google Cloud at Consensus, the industry’s most influential event happening April 26-28 in Austin, Texas. Apply by March 31 for a chance to be among the twelve finalists selected to pitch. Visit consensus.coindesk.com/pitchfest for more information. - “Carpe Consensus” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	This is Carpe Consensus.
0:11.0	Join hosts Ben Schiller, Danny Nelson, and Cam Thompson as they seize the world of crypto.
0:22.8	Hello, welcome to Carpe Consensus.
0:25.4	This is a podcast from the Coin Desk Podcast Network.
0:28.1	I'm Ben Shiller, the features editor here at CoinDesk.
0:30.4	And joining me today is Danny Nelson.
0:32.6	Hi, Danny.
0:33.3	Good morning.
0:34.4	Good morning, good morning.
0:35.3	And Cam Thompson, she is a Web 3 reporter here at Coin Desk. Hi, Cam.
0:39.0	Hello, hello. So we're recording this on Monday, March 13th, about midday. And just want to put out
0:45.3	the disclaimer to say that everything we say here might turn out to be wrong in a few days' time,
0:50.0	because this is a fast-moving environment. As it always is in crypto, particularly now, though, when we have a full-blown crypto-induced
0:57.8	banking crisis or what looks like a banking crisis.
1:00.5	So, Danny, talk us through the last few hours.
1:04.0	What has it been like reporting on this story?
1:06.5	Well, you know, I do think it's safe to say that we are in a full-blown banking crisis of the U.S.
1:11.7	President Biden spoke this morning only for a couple minutes, but anytime you have the
1:15.7	president speaking about bank failures, that probably means something's not going right.
1:20.1	And the something that didn't go right this week, of course, was the collapse of a trio of banks,
1:25.8	all relevant to the crypto industry, Silvergate,
1:28.7	then Silicon Valley Bank, and then Signature Bank, which really has set the stage for
	...

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