When it comes to bitcoin, Singapore's DBS Bank sees a "pandemic-led acceleration of adoption."
The crypto-friendly banking firm raised $5 million from Dubai-based blockchain investment and advisory firm 01ex.
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 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.
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 Bank continued to add a steady drip of crypto customers in Q2 2020 but its issuance of bitcoin-collateralized loans is what stood out.
Banks across Italy are using R3’s Corda blockchain to vastly speed the process of double-checking transaction logs.
Wyoming's crypto-friendly Avanti Financial expects to open its doors this October with a new bank-issued digital asset, the Avit.
Kraken's U.S. customers can now make wire transfers from their accounts at MDV Bank to fund purchases of cryptocurrency.
The move comes at a time when traders are seeking alternative sources of capital value during an "uncertain macroeconomic climate."
The Central Bank of Sri Lanka is about to decide which firm will develop a blockchain platform that could speed the processing of bank users' ID information.
Mason Privatbank Liechtenstein is aiming to cater to both crypto-focused investors and asset managers who are looking to diversify their portfolios.
Low-interest rates have removed one of the few remaining incentives for holding a bank account, meaning digital currency could be a better alternative, argues an economics analyst.
The research explores how "central banking for all" via digital currency could affect commercial banks.
After two years of laying groundwork, crypto-friendly Arival Bank is launching in beta Thursday. But there’s a catch: Clients must disclose all wallets.