Traditional banks rely on ‘tiny buffer’: Paris Blockchain Week 2023
Signature Bank is the best place for crypto banking, even if it goes bankrupt, Woorton co-founder Zahreddine Touag believes. The first day of Paris Blockchain Week (PBW) is bringing more thoughts on the ongoing crisis in the global Banking system, with industry executives comparing the collapses of major cryptocurrency firms like FTX with the fall of Banks like Silicon Valley Bank (SVB). On March 22, PBW hosted a panel discussion titled “FTX, Luna, Celsius, 3AC: From Hero to Zero,” bringing together industry executives from the blockchain venture firm Node Capital, crypto-friendly SIX Digital Exchange, Delta Growth Fund and crypto liquidity provider Woorton. The panel took place on PBW’s Mona Lisa stage. The FTX, Luna, Celsius, 3AC: From Hero to Zero panel at the Paris Blockchain Week. Source: Livestream According to Woorton co-founder and head of trading Zahreddine Touag, the FTX and Celsius-related meltdown in the crypto industry has been triggered by different reasons than those t...