Nate DiCamillo

Nate DiCamillo

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Finance

Silvergate Bank Adds 48 Crypto Clients in Q4 Even as Deposits Slip 4%

The La Jolla, Calif.-based bank, which went public on the New York Stock Exchange under the trading symbol SI in November, released its earnings report before market open on Wednesday.

Silvergate CEO Alan Lane (CoinDesk)

Markets

Crypto-Related Deposits Drop by Half at Metropolitan Commercial Bank

Metropolitan Commercial Bank’s deposits from crypto firms have steadily declined, a sign of heightened competition in a field where the bank was once one of the only games in town.

Metropolitan Commercial Bank image via Shutterstock

Finance

Uphold Introduces Commission-Free Trading for Users

The move to commission-free cryptocurrency trading was based on Uphold’s ability to net trades at a lower cost after gaining more liquidity providers, said Uphold CEO JP Thieriot.

Trading image via Shutterstock

Finance

Gemini Hires Former Circle Compliance Officer to Oversee European Market

Blair Halliday becomes chief compliance officer for the U.K. and Europe at Gemini as the EU's Fifth Anti-Money Laundering Directive (AMLD5) goes into effect.

Gemini ad

Finance

Transfer Agent Vertalo Chooses Tezos Over Ethereum for Security Token Development

The digital security issuer says it chose Tezos because it is faster than ethereum, ideal for security tokens and is proof-of-stake.

Vertalo Chief Executive Dave Hendricks (middle), co-founder William Baxter (second from left) and other Vertalo employees.

Finance

In First 'Pure Crypto' Hire, Silvergate Bank Recruits Blockstream Liquid Network Exec

Benjamin Richman, formerly director of business development and partnerships at Blockstream, will help the crypto-friendly bank pursue its ambitious goals for serving the crypto industry.

Silvergate bank

Markets

Grayscale's Bitcoin Trust Is Now Open to More Investors as SEC Reporting Company

The trust’s shares are now registered under the Exchange Act of 1934, making the Grayscale Bitcoin Trust the first cryptocurrency investment vehicle to become a reporting company.

Grayscale CEO Michael Sonnenshein speaks at Consensus: Invest 2018. (CoinDesk archives)

Finance

What It Takes to Get a Crypto-Friendly Bank Charter in Wyoming

An SPDI charter offered in Wyoming lets U.S. firms offer banking and custody services under a regulator that’s not the FDIC, but the application and capital requirements are as rigorous as launching a de novo state-chartered bank.

wyoming

Markets

PwC Switzerland Incorporates ChainSecurity Team to Expand Blockchain Audit Tools

Officially, it’s not an acquisition. But seven technical engineers are joining the accounting firm to bolster its smart contract auditing abilities.

PwC image via Shutterstock

Finance

BlockFi Adds Litecoin, USDC to Its Lending Product Suite

The initial annual percentage yield will be 8.6 percent for USDC and 3.78 percent for litecoin.

BlockFi CEO Zac Prince