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Banking
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.
Hawaiian Bill Would Let Banks Act as Crypto Custodians
Hawaiian lawmakers have submitted a bill that allows banks to provide custody for digital assets.
Swiss Banks Enter the Age of Bitcoin
An emerging trend in wealth-stashing Switzerland: crypto-friendly banks.
Paxos Launches Automatic Conversions Between Bank Deposits and Stablecoins
Paxos is enabling a new auto-transfer feature to streamline the conversion of funds between bank accounts and stablecoin deposits.
Uphold Opens Crypto Trading to Users With UK Bank Accounts
Trading platform Uphold has added pound sterling support, in beta for now
MakerDAO Pitches DeFi to the Masses at CES 2020
There's a "digital money" section on the show floor of this year's CES. MakerDAO's DAI is the only crypto with a booth.
Rivals Signature Bank and Prime Trust Team to Offer Instant Payments for Institutions
Crypto banking rivals Prime Trust and Signature Bank have partnered to offer "real-time" settlements for institutional digital asset trades.
State Street Teams up With Winklevoss-Founded Gemini Exchange for Digital Assets Trial
Boston-based State Street Corp. is partnering with cryptocurrency exchange and custodian Gemini Trust on a new pilot that examines reporting scenarios for digital assets.
Top 10 US Retail Banks Unknowingly Serve Crypto Startups, CipherTrace Claims
CipherTrace revealed research Monday showing that the top 10 retail banks by assets managed in the U.S. worked with unregistered crypto money services businesses by transmitting funds on their payment networks.
Dutch Bank ING Reportedly Working on Crypto Custody Tech
Netherlands-based banking multinational ING is developing technology for the custody of crypto assets, according to Reuters sources.
