Blockchain pioneer Caitlin Long is now the CEO of her own special purpose depository institution (SPDI) in Wyoming.
JPMorgan Invites Banks and Fintechs to Build on Its Revamped Blockchain Network
Liink wants its 400-plus financial institutions (including 25 of the largest 50 banks) to start building on top of the platform.
Why Wyoming’s Governor Supports the State’s Crypto Banking Law
Keeping Wyoming’s lead in crypto banking is a priority of the state’s top elected official, Gov. Mark Gordon.
Silvergate Bank Sees 40% Increase in Deposits From Digital Currency Customers
Silvergate Bank added $586 million in new deposits from firms and individuals in the cryptocurrency industry in the third quarter of 2020.
Eyeing EU Banks, Hex Trust Teams With SIA on Crypto Custody
A multinational payments firm is partnering with cryptocurrency custodian Hex Trust to help its European banking clients hold digital assets.
Crypto-Friendly Signature Bank Raked In $4B in Deposits in Q3 2020
Deposits at crypto-friendly Signature Bank grew by $4.11 billion, an 8% increase, in the third quarter of 2020.
Around 100 Italian Banks Are Officially on a Blockchain
The Italian Banking Association claims that about 100 local banks are now operating on a blockchain network designed to speed up interbank transactions and processes.
JPMorgan’s Blockchain Lead Is Now in Charge of Ethereum-Based Interbank Information Network
JPMorgan Blockchain Lead Christine Moy has been promoted to lead the bank’s Ethereum-based Interbank Information Network (INN).
Stablecoin Growth Knocks Silvergate Exchange Network Volume Over $100B
All-time transaction volume on the Silvergate Exchange Network (SEN), a fiat pathway into bitcoin markets, has reached $100 billion.
CBDCs Could Challenge US Dollar’s Dominance: Deutsche Bank
Central bank digital currencies have the potential to challenge the primacy of the U.S. dollar, according to a new report from Germany’s Deutsche Bank.
Wyoming Bank Regulator Taps Chainalysis to Boost Crypto Tracing Efforts
The Wyoming Division of Banking will receive training and two software licenses from blockchain intelligence firm Chainalysis.
Kraken Becomes First Crypto Exchange to Become a US Bank
Kraken is the first cryptocurrency firm to become a bank. On Wednesday, the Wyoming Banking Board voted to approve the San Francisco-based crypto exchange’s application for a special purpose depository institution (SPDI) charter. Kraken is the first SPDI bank in Wyoming and according to the Wyoming Division of Banking’s general counsel, Chris Land, Kraken will […]
Pandemic Will Speed Bitcoin Adoption, Says DBS Bank Economist
When it comes to bitcoin, Singapore’s DBS Bank sees a “pandemic-led acceleration of adoption.”
Crypto Banking Firm Cashaa Eyes India Expansion After $5M Raise
The crypto-friendly banking firm raised $5 million from Dubai-based blockchain investment and advisory firm 01ex.
Signature Bank Gave Dozens More PPP Loans to Crypto Firms Than Previously Reported
Signature Bank gave $20 million in PPP loans to roughly 40 firms in the digital asset space. Only nine loans were revealed in public documents last month.
The OCC’s Crypto Custody Letter Was Years in the Making
The Office of the Comptroller of the Currency has been evaluating the cryptocurrency space for years, well before it publicly announced banks could provide services in the field last month.
Unpacking the Avit, Avanti Bank’s New Digital Asset Being Built With Blockstream
Avanti says the Avit will not encounter the legal, accounting or tax hurdles of stablecoins, but it’s not yet clear where the asset will fit under U.S. law.
Unpacking the Avit, Avanti Bank’s New Digital Asset Being Built With Blockstream
Avanti says the Avit will not encounter the legal, accounting or tax hurdles of stablecoins, but it’s not yet clear where the asset will fit under U.S. law.
Silvergate’s Bitcoin-Backed Lending Product Grew 80% in the Last Quarter
Silvergate Bank continued to add a steady drip of crypto customers in Q2 but its issuance of bitcoin-collateralized loans is what stood out.
85% of Italian Banks Are Exchanging Interbank Transfer Data on Corda
Banks across Italy are using R3’s Corda blockchain to vastly speed up the process of double-checking transaction logs.