Banking


Finance

Banks Must Adopt Crypto or 'Be Extinct in 10 Years,' Eric Trump Says

The son of U.S. President Donald Trump said the current financial system is broken and blockchain technology is the fix.

Eric Trump, executive vice president of Trump Organization Inc., in New York in 2023. (Getty Images)

Policy

Fed Joins OCC, FDIC in Withdrawing Crypto Warnings for U.S. Banks

Like the other U.S. bank agencies, the Fed has swept the decks of previous directives to bankers that they get sign-offs from the regulator for crypto activity.

U.S. Federal Reserve Board in Washington (Jesse Hamilton/CoinDesk)

Policy

Fintech and Crypto Firms Seek Bank Charters Under Trump Administration: Reuters

Financial technology and crypto firms are increasingly applying for state or national bank charters, despite the community’s historical resistance to centralized banking.

Battered BTC bulls pin hopes on the Fed. (JamesQube/Pixabay)

Finance

ConsenSys Twice Hit by Operation Chokepoint, CEO Lubin Credits Bank for Fighting Back

The MetaMask creator survived by having redundant backup accounts, said Lubin, who was also personally targeted.

ConsenSys CEO Joseph Lubin (CoinDesk archives)

Policy

Congressional Republicans in Hot Pursuit of Biden-Era's Crypto Debanking

The House Oversight and the Senate Banking committees are probing accusations that U.S. regulators blocked crypto insiders from banking.

U.S. Capitol Building (Jesse Hamilton/CoinDesk)

Finance

Crypto-Friendly Revolut Finally Earns UK Banking License

Revolut has entered a "mobilization stage" designed for new banks to operate with restrictions.

Revolut to Suspend Certain Crypto Services (Kaysha/ Unsplash)

Policy

Fed Report: Silvergate Bank Got Fatally Ensnared in Crypto While Examiners Shrugged

The Federal Reserve's inspector general studied the bank’s collapse and concluded the Fed’s examiners failed to quickly flag its problems and managers were “ineffective.”

(Jesse Hamilton/CoinDesk)

Opinion

Crypto’s Path Forward Could Follow the Financial World's Departure From LIBOR

The financial services industry has a way of spawning innovation and growing from its crises.

Citi bank and HSBC skyscrapers at night (Miquel Parera/Unsplash)

Opinion

A Bully Pulpit for Debanked Nigel Farage, Crypto for Everyone Else

The British Brexiteer could call on the media and his far-right friends in his debanking fight. But most of us aren't so lucky.

Nigel Farage (Gage Skidmore/Wikimedia Commons)

Finance

Binance's Euro Banking Partner to Halt Support of the Crypto Exchange in September

The exchange recently announced retreats from the U.K., Netherlands and Cyprus.

Founder/CEO of Binance Changpeng Zhao, closeup