In the aftermath of the collapse, many people attributed the blame to crypto. However, crypto could be the solution rather than the root cause of the problem.

Crypto venture capitalists are looking around at the carnage in the industry and licking their lips at the deals on offer. The only problem is that it's not clear if anyone will give them money to invest. 

Bitcoin uses a public ledger, known as the blockchain, to keep track of transactions. This makes it more transparent and secure than traditional banking systems.

Australia’s prudential regulator has reportedly asked local banks to report on cryptocurrency transactions amid the ongoing contagion of Silicon Valley Bank’s (SVB) collapse.

The recent bank failures in the U.S. have exposed the fractional reserve banking system’s core limitations and strengthened the case for investing in bitcoin (BTC).

Late last week, Arthur Hayes, Co-Founder and Former CEO of BitMEX, wrote about the potential implications of the Federal Reserve’s new Bank Term Funding Program (BTFP), which came as a response to the recent (SVB) collapse of Silicon Valley Bank (SVB).

Bitcoin (BTC) has shown remarkable resilience amidst the recent banking crisis, as the cryptocurrency’s value has continued to rise despite the economic turmoil. Since the onset of the crisis on March 10, Bitcoin has surged over 40%, with investors flocking to the digital asset as a safe-haven store of value.

As of end-February 2023, Invest Hong Kong has received expressions of interest from over 80 virtual asset-related Mainland and foreign companies in establishing their presence in Hong Kong.

Financial markets have been shaken in the past week following a series of bank collapses, providing a perfect setting for the decentralized financial system to stand out as an alternative, and for a continued advance in cryptocurrency markets, Bernstein said in a research report Saturday.

The trade association for the Australian banking industry — Australian Banking Association (ABA) — launched a cost of living inquiry to closely study the impact of the COVID-19 pandemic, global supply chain constraints and geopolitical tensions, among others, on Australians.