Banking

(CoinDesk)

Finance

Replacing Silvergate’s Network Is a Challenge for Crypto Industry: JPMorgan

Some of the services provided by Silvergate will migrate to other banks such as Signature Bank, Provident Bancorp, Metropolitan Commercial Bank and Customers Bancorp, the repo...

(CoinDesk)

Mar 10, 2023 at 11:52 a.m. UTC

Mar 10, 2023

SilvergateSilvergate Exchange NetworkBanking

Banks that deal with crypto are facing more questions. (Shutterstock)

Finance

Morgan Stanley Sees More Regulatory Scrutiny of Crypto On-Ramps as Silvergate Falters

The bank was a major player in the business of moving money in and out of crypto.

Banks that deal with crypto are facing more questions. (Shutterstock)

Mar 9, 2023 at 11:11 a.m. UTC

Mar 9, 2023

BankingSilvergate BankSignature BankMorgan StanleyRegulation

(Getty Images)

Consensus Magazine

Crypto’s Banking Problem Is Not Ironic

Call it Choke Point 2.0, debanking or whatever, the crypto industry’s problems with the banking industry show why the banking industry needs reform.

(Getty Images)

By George Kaloudis

Mar 6, 2023 at 9:35 p.m. UTC

Mar 6, 2023

OpinionThe NodeNewslettersBankingBanking RegulationCashSilvergateSilvergate BankElizabeth WarrenWhite House

(Charlotte Harrison/Unsplash, modified by CoinDesk)

Policy

The Rise and Fall of Silvergate’s Crypto Business

The bank’s own data shows the rapid acceleration of its novel crypto-banking business and how leaning into digital assets made it vulnerable to the industry’s drama.

(Charlotte Harrison/Unsplash, modified by CoinDesk)

By Jesse Hamilton

Mar 3, 2023 at 10:02 p.m. UTC

Mar 3, 2023

AnalysisBankingRegulationSilvergate BankFDICUS

(Lusky/Getty Images, modified by CoinDesk)

Podcasts

Python Politics Part 2: Operation Choke Point 2.0 Begins

A recent history of the Office of the Comptroller of the Currency and the weaponization of the banking system against crypto.

(Lusky/Getty Images, modified by CoinDesk)

By Nathaniel Whittemore

Feb 10, 2023 at 9:33 p.m. UTC

Feb 10, 2023

The BreakdownPodcastsBankingOffice of the Comptroller of the CurrencyMichael Hsu

(Lusky/Getty Images, modified by CoinDesk)

Podcasts

Python Politics Part 1: The US Government's Slow Squeeze on Crypto via the Banking System

Agencies across the federal government have launched a coordinated campaign to pressure banks into not serving crypto customers.

(Lusky/Getty Images, modified by CoinDesk)

By Nathaniel Whittemore

Feb 9, 2023 at 11:03 p.m. UTC

Feb 9, 2023

The BreakdownPodcastsOffice of the Comptroller of the CurrencyBrian BrooksBanking

Signature Bank had until recently been seen as one the crypto-friendliest on Wall Street. (Sophie Backes/Unsplash)

Finance

Signature Bank to Reduce Crypto-Tied Deposits by as Much as $10 Billion

Nearly a quarter of the Wall Street bank's current deposits come from crypto-related businesses.

Signature Bank had until recently been seen as one the crypto-friendliest on Wall Street. (Sophie Backes/Unsplash)

By Helene Braun

Dec 6, 2022 at 11:10 p.m. UTC

Dec 6, 2022

BankingCircleSignature Bank

BVNK has won registration as a virtual asset services provider with the Bank of Spain. (Shutterstock)

Policy

Crypto Banking Platform BVNK Wins Registration in Spain

Registration as a virtual asset services provider with the Bank of Spain will allow BVNK to offer its services to corporates across the country.

BVNK has won registration as a virtual asset services provider with the Bank of Spain. (Shutterstock)

By Jamie Crawley

Oct 13, 2022 at 8:00 a.m. UTC

Oct 13, 2022

Bank of SpainSpainBankingLicensing

Credit Suisse is the latest banking giant to flirt with crypto. (Cayambe/Wikimedia Commons)

Layer 2

What Credit Suisse and Three Arrows Capital Have in Common

One of the world’s most embarrassingly bad banks is tanking – and some of its biggest missteps will look all too familiar to crypto financiers.

Credit Suisse is the latest banking giant to flirt with crypto. (Cayambe/Wikimedia Commons)

By David Z. Morris

Oct 12, 2022 at 4:05 p.m. UTC

Oct 12, 2022

The NodeNewslettersOpinionBankingDebtCredit SuisseHedge Fund

The industry worries proposed new bank crypto rules are unduly cautious. (Peter Dazeley/Getty Images)

Policy

‘Prohibitive’ Global Crypto Capital Norms Could ‘Derail’ Market, TradFi Groups Say

Banks want to see caps on bitcoin holdings increased fivefold under planned global standards

The industry worries proposed new bank crypto rules are unduly cautious. (Peter Dazeley/Getty Images)

By Jack Schickler

Oct 4, 2022 at 12:00 p.m. UTC

Oct 4, 2022

RegulationsBankingBISBanking Regulation