Opinion


Opinion

This Crisis Will Define the Future of Money

The recent collapse of three high-profile banks - Silicon Valley Bank, Silvergate Bank and Signature Bank - has caused worrying outflows at hundreds of regional banks. Now, with the U.S. Federal Reserve creating a new backstop facility reportedly worth $2 trillion, the echoes of crises in 2008 and 2013 are loud.

(dickcraft/CoinDesk)

Opinion

How Effective Altruism Power Brokers Helped Make Sam Bankman-Fried

Academic philosophers covered for Sam Bankman-Fried’s moral failings as long ago as 2018 – and reaped the rewards.

Sam Bankman-Fried leaving court on Feb. 16, 2023 (Liz Napolitano/CoinDesk)

Opinion

Bitcoin Is a Clear Winner of the U.S. Banking Crisis

The narratives around bank failures, stablecoins and interest rate hikes seem strong enough to propel the price of bitcoin, says CoinDesk's George Kaloudis.

(Tuomas A. Lehtinen/Getty Images, modified by CoinDesk)

Opinion

SVB Collapse Shows the Rot in U.S. Banking and Dollars

Bank balances and money itself are effectively illusions. Reserve co-founder Nevin Freeman considers an alternative.

(Luis Villasmil/Unsplash)

Opinion

NBA vs NFL: What Dapper Labs’ Big-League Collectibles Say About Launching NFTs for Sports

Dapper’s NBA Top Shot experienced a wild price bubble during the NFT boom. The followup NFL All Day collection has had a more modest rollout - and collectors think that's good news.

A selection of NBA Top Shot NFT "Moments." The licensed collection experienced a huge price bubble in its early days - one that still leaves a bad taste in some collectors' mouths. (nbatopshot.com)

Opinion

U.S. Banking Collapse Doesn't Necessarily Make Crypto Trustworthy

The fall of Silicon Valley Bank had a convenient deus ex machina to fix collateral damage. Crypto cannot expect the same, Wilson Sonsini Goodrich & Rosati partners Jess Cheng and Amy Caiazza write.

(Thierry Chesnot/Getty Images)

Consensus Magazine

Taking Photos and Minting NFTs at the Ends of the Earth, With FOTO’s John Knopf

The Emmy award-nominated photographer discusses the early days of Bored Apes, digital culture and turning an industry into a community using crypto.

(John Knopf, modified by CoinDesk)

Opinion

The Banking Crisis Has Been Good for Stablecoin Experimentation

Sovryn, a Bitcoin DeFi protocol, announced a new dollar proxy as others look at alternative models for collateralizing stablecoins amid a banking system crisis.

Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)

Finance

Stop Blaming Crypto for Traditional Finance Failures

After the recent collapse of three banks – Silicon Valley Bank, Silvergate Bank and Signature Bank – many pointed fingers at crypto as the cause. But crypto may actually be the solution, not the problem.

(FangXiaNuo/GettyImages)

Opinion

Don’t Get Your Hopes Up: SVB's Demise Won't Bring Interest Rates Down

The Federal Reserve’s new Bank Term Funding Program is a backstop for banks, and a license to let interest rates rip.

Federal Reserve Chair Jerome Powell (Anna Moneymaker/Getty Images)