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Banking
How Celsius Turned Its Crypto ICO Into a Billion-Dollar Lending Business
Lending startup Celsius went from a $50 million token sale to $1 billion in crypto deposits.
Crypto Sleuthing Firm Elliptic Raises $23 Million in Fundraise Led by SBI
Blockchain forensics firm Elliptic has raised $23 million in Series B round led by Tokyo-based financial institution (and XRP holder) SBI.
Norwegian Bank Invests in Crypto Exchange Founded by Airline Magnate
Savings bank Sparebanken Øst has just taken a stake in NBX, a crypto exchange set up by Norwegian Air founder Bjørn Kjos.
HSBC Targets China Trade With Yuan-Demoninated Blockchain Letter of Credit
HSBC has carried out the first blockchain-based letter of credit transaction denominated in Chinese yuan.
Bank of America Seeks to Patent Crypto Wallet That Works Like Valet Car Key
Bank of America is seeking to patent security tech for digital currency wallets that gives different users different levels of access to stored funds.
Silvergate Bank Eyes Crypto-Backed Loans for Institutions
Silvergate Bank, one of the cryptocurrency industry's few go-to financial service providers, is planning to become a crypto lender.
R3's Marco Polo Trade Blockchain Takes Another Step Toward Production
The trade finance blockchain platform has passed another milestone in its development, with a successful pilot of real-time payment triggers.
Shinhan Bank Teams With Kakao's GroundX for Blockchain Security Boost
One of the oldest and largest banks in South Korea has partnered with two fintech firms to build a new security system using blockchain tech.
Barclays Is No Longer Banking Coinbase
Barclays is no longer banking Coinbase, resulting in delayed fiat withdrawals and deposits for the crypto exchange's U.K. users.
New Zealand's ASB Bank Takes Stake in Trade Finance Blockchain Startup
ABS has invested a "significant" amount in TradeWindow, a startup working to put trade finance on a blockchain.
