Banking

Banking

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).

Business  ·  13 November 2020
Banking

Binance.US Joins SEN, Silvergate’s 24/7 Crypto Trading Club

Binance.US has joined the Silvergate Exchange Network (SEN), a 24/7 instant settlement network operated by Silvergate Bank.

Business  ·  9 November 2020
Banking

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.

Business  ·  28 October 2020
Banking

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.

Business  ·  28 October 2020
Banking

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.

Policy & regulation  ·  26 October 2020
Banking

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.

Business  ·  26 October 2020
Banking

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.

Business  ·  22 October 2020
Banking

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.

Business  ·  20 October 2020
Blockchain Applications

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.

News  ·  13 October 2020
Ethereum

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).

Business  ·  8 October 2020
Banking

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.

Business  ·  6 October 2020
CBDCs

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.

Business  ·  30 September 2020
Chainalysis

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.

News  ·  17 September 2020
Banking

Kraken Becomes First Crypto Exchange to Charter a US Bank

On Wednesday, the Wyoming Banking Board voted to approve Kraken’s bank charter application. Kraken is the first SPDI bank in Wyoming.

Business  ·  16 September 2020
Stablecoins

The Crypto Firms Collaborating on a Swiss Franc Stablecoin

“Coopetition” is an ungainly term at the best of times. But it appears that’s what’s happening among Swiss stablecoin issuers.

Business  ·  14 September 2020