Banking


Finance

Silvergate Adds 46 More Crypto Clients in Q1 While Existing Customers Increase Deposit Levels

Silvergate Bank added 46 crypto customers in the first quarter and saw fee income and deposits increase from those customers because of “Black Thursday,” according to its earnings report released before market open on Wednesday.

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Finance

Crypto Firm Deposits Jump 24% in Q1 at Metropolitan Commercial Bank

Crypto-friendly Metropolitan Commercial Bank reported $25 million more in deposits from crypto customers in the first quarter of 2020.

METROPOLITAN: The bank’s crypto business accounts for around 4 percent of total deposits. (Credit: Shutterstock)

Finance

Banking API Platform Sila Raises $7.7M on Promise of Programmable Money

The $7.7 million round from Madrona Venture Group and others will help Sila bring bespoke stablecoins to fintech entrepreneurs.

Sila CEO Shamir Karkal (left) with CTO Alexander Lipton, Chief Legal Officer Angela Angelovska-Wilson and COO Isaac Hines. (Credit: Sila)

Finance

Germany's Crypto Custody Law Hits a Snag: Startups Can't Get Bank Accounts

Even though the crypto custody law falls under the German banking act, German banks are hesitant to give crypto firms bank accounts.

Munich, Germany. (Credit: Shutterstock)

Finance

Coinhouse Wins First Crypto License From French Regulator

Coinhouse's new status with the Financial Markets Authority should help the firm get banking services in France and bigger institutional clients.

Credit: Shutterstock

Finance

R3 Teams With Custodian Hex Trust to Help Asian Banks Sell Security Tokens

Hong Kong-based Hex Trust is partnering with the enterprise blockchain company to offer banking clients another option for issuing security tokens.

Singapore. (Credit: Shutterstock)

Finance

HSBC Puts $10B of Private Placements on R3's Corda Blockchain

HSBC is using blockchain as opposed to a traditional database because it plans to tokenize the $10B in private placements after it digitizes them.

HSBC's building in Hong Kong. (Christian Mueller/Shutterstock)

Finance

Crypto-Friendly Bank Revolut Launches in the US

The challenger bank reportedly has plans to offer its crypto buying service to US customers in the near future.

Credit: Proxima Studio / Shutterstock.com

Finance

Silvergate Bank Resolves Wire Transfer Issue That Kept Transactions in Limbo

Crypto-friendly Silvergate Bank resolved the last of its wire transfer issues Tuesday morning, said CEO Alan Lane.

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Markets

Payments Unicorn Square Gets Limited Bank Charter for Merchant Lending

Square Financial Services was given conditional approval by the FDIC Board for an Industrial Loan Company bank charter on Wednesday.

Square CEO Jack Dorsey