Crypto Assets

Crypto Firms Seek Non-US Banks After SVB/Signature Collapses
Crypto Firms Seek Non-US Banks After SVB/Signature Collapses
March 13, 2023  |  Cryptocurrency

Cryptocurrency firms are seeking banking services outside the U.S. following the collapse of three major lenders. “The two biggest crypto friendly banks are gone,” crypto hedge fund executive Marco...

READ MORE >
Spring Cleaning for Alternative Banks as Crypto-Friendly Signature Bank Closes 
Spring Cleaning for Alternative Banks as Crypto-Friendly Signature Bank Closes 
March 13, 2023  |  Digital-First Banking

Crypto’s founding premise was to de-bank the world and remove third-party risk. Now, the digital asset industry is finding itself the one unbanked, as financial...

READ MORE >
Four Crypto-Related Firms Cut Ties With Silvergate Capital
Four Crypto-Related Firms Cut Ties With Silvergate Capital
March 02, 2023  |  Cryptocurrency

Four crypto-related firms said Thursday (March 2) that they are cutting ties with Silvergate Capital. The announcements made by Coinbase, Circle, Gemini and Paxos come a...

READ MORE >
Silvergate’s Crisis Gives Regulators Ammunition to Keep Crypto from Mainstream Banking 
Silvergate’s Crisis Gives Regulators Ammunition to Keep Crypto from Mainstream Banking 
March 02, 2023  |  Cryptocurrency

Silvergate’s existential crisis may give regulators the ammunition they need to keep crypto and mainstream banking separate. As reported here, Silvergate Capital said in a U.S. Securities...

READ MORE >
Three Arrows Liquidation and Regulatory Scrutiny May Test NFT Popularity
Three Arrows Liquidation and Regulatory Scrutiny May Test NFT Popularity
February 28, 2023  |  Cryptocurrency

It may be the equivalent of a digital fire sale. Non-fungible tokens (NFTs) have seen volatility similar to that in bitcoin and other digital holdings....

READ MORE >
Switzerland’s Taurus Raises $65M to Grow Digital Asset Platform
Switzerland’s Taurus Raises $65M to Grow Digital Asset Platform
February 14, 2023  |  Payment Methods

Taurus has raised $65 million in a Series B round to grow its digital asset platform. The provider of digital asset infrastructure for financial institutions in...

READ MORE >
FTX Judge Agrees to ID Bankman-Fried’s Bail Guarantors
FTX Judge Agrees to ID Bankman-Fried’s Bail Guarantors
January 31, 2023  |  Cryptocurrency

The names of the people who guaranteed bail for Sam Bankman-Fried will be made public. Eventually. A federal judge on Monday (Jan. 30) ruled that...

READ MORE >
Payments Leaders Say Crypto is Ripe for Integration, Rebuilding
Payments Leaders Say Crypto is Ripe for Integration, Rebuilding
January 27, 2023  |  Cryptocurrency

It’s times like these, bear markets, when industries transform themselves around new realities. This is as top payment industry leaders surveyed by PYMNTS say that they see the...

READ MORE >
NY Regulator Warns Firms to Keep Customer Crypto Assets Separated
NY Regulator Warns Firms to Keep Customer Crypto Assets Separated
January 23, 2023  |  Regulation

New York’s financial watchdog is cautioning firms to segregate customers’ cryptocurrency assets from their own. The New York State Department of Financial Services (NYDFS) issued that warning Monday (Jan....

READ MORE >