inevitably

Paribus. Trust Less.

One month ago, Jerome Powell, head of the Federal Reserve in the US, announced that the banking system was sound and robust despite the collapse of several large banks. After raising rates a further 0.25%, he said, “We’re committed to learning the lessons from this episode and to work to prevent events like this from happening again.” As we prepare for another potential 0.25% rate hike on May 3rd, another major bank in the US, First Republic Bank, has collapsed. Its collapse is part of a larger trend of consolidation

Paribus Network Update

For the past few weeks our MVP has been live on the public testnet and just two weeks ago we launched our bug bounty program. Already we’ve had some amazing feedback which has helped us tweak the platform ahead of its mainnet launch. While everyone usually hates bear markets because of the devastation they inflict on portfolios, as a project the additional time and space they give has proved invaluable. Not only have we been able to continue our development in a robust, methodical way, we’ve also had the time