Banking

“OpenFi” aims to unbundle to take the “account” out of bank account

Crypto products don’t fit in “a well-balanced, long-term investment portfolio,” Vanguard reiterates ahead of potential ether fund launches

CoinFund, EDX Clearing and Nonco are among the first users of the offering

But Goldman’s Mathew McDermott says the bank wants to see public blockchains “mature” before expanding in that arena

The end of the Federal Reserve’s Bank Term Funding Program is set to come after the launch of bitcoin ETFs and before the bitcoin halving

The Federal Reserve announced the enforcement action back in August

Under the standards, stablecoins would be sorted into two buckets: Group 1b and Group 2

The “property-rights-respecting” service seeks to minimize risks via segregated accounts, according to Custodia CEO Caitlin Long

The new rules would oblige banks in member nations to publicly share their involvement in crypto assets and the financial requirements imposed by holdings

The key barrier to more stablecoin adoption is the user interface, not the value proposition, says Carrica

The summary report was published on Sept. 27 and includes the Fed’s recommendations on how to avoid a similar situation in the future

Crypto firms are also not allowed to describe products as “deposits”

It’s a strange situation to be in where the banks are more bullish than the degens

Mumtaz insists Visa’s recent expansion of stablecoin settlements to Solana is good for all of crypto

This year, the FDIC’s annual risk review includes a section on crypto

SoFi pointed to potential key risks to its crypto business model if proposed SEC rules go into effect

Fed’s new rules and supervisory group have some industry members giddy while others fear the worst

Israel’s Bank Hapoalim initially denied Freeman, a 40-year customer, the ability to deposit $273,000 in profit realized from a bitcoin investment made in 2013

New offering streamlines sending on-chain funds to off-chain counterparties — a process industry participants say is key to broader adoption of segment

We need to consider what it means that banks have the final say over our ability to store our own funds

Transfers to “high-risk” crypto exchanges will be declined, National Australia Bank has said, but only it knows exactly how that’s determined

Banks need to get serious when vetting crypto service providers, says Singapore’s monetary authority

“The freedom that you get from the crypto world will continue to attract the people that are not benefiting that much from the fiat system”

The central bank is exploring how to organize financial transaction settlements by developing a tokenized financial system