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The now-bankrupt Silvergate Bank was forced to cap its crypto deposits at 15% under threat of being shut down by US regulators, claims Castle Island Ventures partner Nic Carter.
The sharp decline in the price of Bitcoin (BTC), the world’s largest cryptocurrency, has taken a heavy toll on short term holders. Recent reports have revealed that many of these BTC holders are now in the red, suffering losses from the cryptocurrency’s price crash and ongoing market volatility.
The son of a storied Hollywood producer is taking his father’s company where few in town have dared venture: into crypto.
Key Takeaways
Bitcoin’s L2 projects aim to enable smart contracts and improve scalability, but introduce liquidity fragmentation.
Talent scarcity in blockchain development poses challenges for Bitcoin’s smart contract ecosystem growth.