Silvergate Bank transformed from a community lender to a high-flying crypto bank without its Federal Reserve examiners raising an alarm, according to a report from the Federal Reserve’s Office of Inspector General (OIG), allowing the bank to take risks that would turn fatal.
Chase U.K. to Block Crypto Payments Citing Fraud, Scams
Starting Oct. 16, the bank will decline customer attempts to make payments related to crypto assets.
Web3’s Swiss Army knife of personal finance Changex joins Cointelegraph Accelerator
Changex combines crypto trading and lending with traditional banking features that also include an upcoming Visa debit card.
SEBA Bank secures in-principle nod for crypto services in Hong Kong
SEBA Hong Kong’s approval joins a flurry of regulated crypto activity that’s taken place over the past month.
US bank reveals $170M in crypto holdings: Q2 earnings report
SoFi started offering crypto services even before becoming a bank, and its banking license might change how it hodls crypto.
Crypto’s Path Forward Could Follow the Financial World’s Departure From LIBOR
Kansas Heartland Tri-State Bank closed by FDIC as banking crisis deepens
Heartland Tri-State Bank of Elkhart was closed on July 29, with the Federal Deposit Insurance Corporation (FDIC) taking control.
A Bully Pulpit for Debanked Nigel Farage, Crypto for Everyone Else
The British Brexiteer could call on the media and his far-right friends in his debanking fight. But most of us aren’t so lucky.
Existential threat? Why some banks are anxious about CBDCs
The prospect of a retail CBDC has some major banks anxious over their revenue streams.
Russian CBDC by 2025? What’s happening with the digital ruble
2025–2027 might still seem far away, but the Central Bank of Russia is preparing its CBDC for mass adoption by then.
Russian CBDC by 2025? What’s happening with the digital ruble
2025–2027 might still seem far away, but the Central Bank of Russia is preparing its CBDC for mass adoption by then.
A new age in investing: The transformative power of asset tokenization
From real estate to franchising, and from renewable energy to Hollywood, tokenization has the potential to transform the way we do business.
Binance EUR Banking Partner to Halt Support of the Crypto Exchange in September
The exchange recently announced a retreat from the U.K., Netherlands and Cyprus.
Binance Australia got 12 hours’ notice before it was debanked, exec says
Binance Australia head Ben Rose claimed the exchange got less than a day’s warning from its payments partner before it was “cut off” from the local banking system in May.
BCB Group’s Deputy CEO Departs After Failed German Bank Merger
The crypto banking firm said last week that it had ended its planned acquisition of Germany’s Sutor Bank, citing regulatory delays and market conditions.
EU’s new crypto law: How MiCA can make Europe a digital asset hub
MiCA was recently signed into law and published in the EU’s official journal, starting the countdown for implementing the first-of-its-kind crypto legislation in 27 member states.
US court rejects Fed’s motion to dismiss Custodia Bank case
Digital asset bank Custodia sued the Fed in June 2022, claiming an “unlawful delay” in processing an application for its master account.
Stablecoins are a critical countermeasure to Operation Chokepoint
Stablecoins could help crypto firms to remove themselves from the banking system — and prevent the U.S. government from cutting off their financial lifelines.
Apple and Goldman Sachs Don’t Trust Their New Banking Customers
“Security Reviews” are locking up Apple Savings accounts for weeks on end, as a blunt-force anti-money laundering system turns customers into suspects.
Binance considers allowing traders to secure collateral at banks: Report
It has been reported that Swiss-based FlowBank and Liechtenstein-based Bank Frick have been mentioned as potential intermediaries for this service.