Silvergate Report - Crypto Crisis of Confidence?

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Nikku: We've seen a few crypto lenders and players go bankrupt this past year. Nikku: It sounds like with the Silvergate report, the crypto crisis really crossed the threshold from niche industry to mainstream finance. Do you think that crisis is going to keep going? "I don't think it's going away anytime soon," he says.

The pace of US jobs growth is set to have slowed further in December, and clients pulled $8.1bn in deposits from crypto-focused US bank Silvergate late last year. Plus, the FT’s Pilita Clark comments on the slow death of the company phone number.

Mentioned in this podcast:

Pace of US jobs growth set to have slowed again in December

Silvergate shares tumble as crypto bank reveals $8.1bn fall in deposits

The strange death of the company phone number

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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