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Banking
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.
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.
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 2020 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 the process of double-checking transaction logs.
Wyoming-Based Avanti to Open in October With a New Bank-Issued Digital Asset
Wyoming's crypto-friendly Avanti Financial expects to open its doors this October with a new bank-issued digital asset, the Avit.
Cryptocurrency Exchange Kraken Adds New Banking Option for US Users
Kraken's U.S. customers can now make wire transfers from their accounts at MDV Bank to fund purchases of cryptocurrency.
