Crypto Bank Silvergate Reports Q4 Loss of $1B
The company posted a loss of $949 million for 2022, compared with net income of $76 million in 2021.
Santander UK Puts Limits on Payments to Crypto Exchanges
The bank takes note of the risks of investing in crypto and rising crypto fraud.
What if Celsius Was Regulated Like a Bank? Here's What OCC's Michael Hsu Says
"The way Celsius was organized is they commingled a lot of different activities," says Acting Comptroller of the Currency Michael Hsu. He discusses the alternative outcome had the crypto lender been regulated like a bank.
Citigroup Director of Blockchain and Digital Assets to Leave for Six Digital Exchange
Alexandre Kech's departure follows the exit of another key digital-assets employee from Citi in August.
Crypto Exchange Coinbase Fixes Technical Problem That Halted Payments and Withdrawals From US Bank Accounts
The exchange says the issue was identified and a solution was implemented.
La tenencia de criptomonedas de los bancos podría ser solo el 0,01% de la exposición total de riesgo, según estudio
El primer estudio de este tipo podría tener influencia en las normas globales más importantes sobre el capital bancario para las criptomonedas.
Banks’ Crypto Asset Holdings May Be Just 0.01% of Total Risk Exposure, Basel Study Finds
The first survey of its kind may influence crucial global standards on bank capital for crypto.
Crypto Lender Nexo Acquires Minority Stake in OCC-Regulated Summit National Bank
The deal will enable Nexo to open bank accounts with Summit National Bank, as well as enhancing its other products.
US IRS Can Issue Summons to Bank Serving Crypto Broker SFOX Customers in Search of Tax Evaders
The John Doe summons will require M.Y. Safra Bank to provide information about SFOX customers who used the bank and may owe taxes on crypto transactions.
Wall Street Bank CEOs Tell Congress They’re Unlikely to Finance Crypto Miners
The chief executives of Citigroup, Bank of America and Wells Fargo were questioned Wednesday at a congressional hearing.
