Banking
Caitlin Long's Avanti Raises $5M, Submits Wyoming Bank Charter Application Draft
Crypto bank Avanti has raised an angel round from the University of Wyoming Foundation, Anthony Pompliano’s Morgan Creek Digital and other investors.
Brazilian Retailer Eyes Services for the Unbanked With Acquisition of FinTech Firm Airfox
Via Varejo snapped up the Boston-based firm to further its aim of providing financial services to millions of unbanked Brazilians.
JPMorgan Bank Takes on Coinbase, Gemini as Its First Crypto Exchange Customers
The U.S. banking giant is providing deposit and withdrawal transactions for the exchanges' U.S. users, as well as other services.
UAE Bank Opens Bangladesh Remittance Corridor Using Ripple's Blockchain Tech
RAKBank aims to speed up remittances for Bangladeshi expats after integrating with RippleNet.
Irish Crypto Firms Squeezed by Bank Account Closures, Regulatory Delays
A delay in transposing the EU's 5AMLD into local law has given crypto companies no recourse after Irish banks closed their accounts.
The Stablecoin Surge Is Built on Smoke and Mirrors
Are stablecoins fully backed by reserves? Are they FDIC-insured? Stablecoins may be too good to be true, says our columnist.
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.
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.
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.
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.
