The crypto industry has its first federally chartered bank: Anchorage.
NYDIG Taps Fintech Firm Moven to Bring Bitcoin to Your Bank
“If PayPal and Square can do it, then community banks should be able to do it too,” said Moven founder Brett King.
Lending Platform Vauld Raises $2M to Grow Into a Full Crypto Bank
Vauld, formerly called Bank of Hodlers, raised $2 million in a round led by Pantera Capital to expand its crypto banking platform.
Banca Generali Leads $14M Round in Italian Crypto Custody Firm Conio
Banca Generali, a subsidiary of Italy’s largest insurer, will also help its customers hold bitcoin following the $14 million Series B.
The Bitcoin Banking Battle Heats Up
Banks are moving into crypto and crypto companies are trying to become banks, so how does it all play out?
FinCEN Encourages Banks to Share Customer Information With Each Other
The guidance is apt to chafe privacy advocates, inside and outside the crypto space, who are already uneasy about the honeypot that FinCEN’s suspicious activity report database has become.
SDX Chief Gets Philosophical About Crypto’s Swiss-Singapore Connection
The crypto corridor connecting Switzerland and Singapore is firming up, involving many of the usual suspects in banking, custody and trading.
JPMorgan Completes Live Blockchain Repo Trade Ahead of New Product Launch
The live repo trade used a blockchain application built in-house, as well as the bank’s JPM Coin.
Crypto Asset Manager NYDIG Hires Tech-Savvy Banker to Pitch Its Wares to Institutions
Former Quontic Bank executive Patrick Sells will be responsible for developing NYDIG’s white-labeled crypto services for banks.
Mass Adoption of a Digital Euro Could Be a ‘Clear Negative’ for Europe’s Banks: BofA
A Bank of America report on a possible mass-adopted digital euro noted that such movement could spell difficulty for commercial banks that could see some of their deposits migrate to the European Central Bank.
Jesse Powell: Bitcoin Banker
In 2011, Jesse Powell stored digital assets for online gamers. Now, his crypto exchange has created a bank for which he helped develop the rules.
Standard Chartered Bank to Launch Crypto Trading for Institutional Investors: Sources
Standard Chartered has gathered a group of crypto exchanges for a new digital asset trading platform tailored to the institutional market.
Spain’s Second-Largest Bank Will Soon Launch Crypto Services: Sources
BBVA is poised to enter the cryptocurrency trading and custody space, according to two people familiar with the plans.
Bank of Russia Fields Banking Industry Concerns Over Digital Ruble Proposal
Russian banks fear being left out of the central bank’s proposed digital currency system, according to a report.
US Regulator Seeks End to Bank Deplatforming of ‘Disfavored’ Industries (Like Crypto)
Call it the CPR for Operation Choke Point.
Gemini Exchange Is Using ClearBank for UK Banking Services
Gemini announced it was expanding into the United Kingdom in late September.
Custodian Anchorage Seeks Charter From Crypto-Friendly US Bank Regulator OCC
If its application is approved, Anchorage would be the first crypto company to get a national bank charter.
This Crypto Custody Breakthrough Will Bring Banks Closer to Digital Assets
Shard X is claiming to be the first company to successfully run multi-party computation (MPC) on hardware security modules (HSMs).
Binance.US Joins SEN, Silvergate’s 24/7 Crypto Trading Club
Binance.US, the American affiliate of the world’s largest crypto exchange, has joined the Silvergate Exchange Network (SEN), a 24/7 instant settlement network used by some of the largest trading entities in the space. SEN, which replaces clunky wire transactions by allowing corporates to instantly move USD between crypto exchanges including on nights and weekends, saw […]
Avanti Financial Joins Kraken as a Wyoming-Approved Crypto Bank
Blockchain pioneer Caitlin Long is now the CEO of her own special purpose depository institution (SPDI) in Wyoming.