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Silvergate Bank Sees 40% Increase in Deposits From Digital Currency Customers

Silvergate Bank added $586 million in new deposits from firms and individuals in the cryptocurrency industry in the third quarter of 2020, according to an earnings report released before market-open on Monday.The cost of those deposits dropped from 0.37% down to 0.01% and the bank’s fee income for digital currency

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PayPal de-platforms conservative domain registrar over ‘alternative currency’

PayPal has terminated its services to domain registrar Epik, allegedly due to a risk of money laundering through its “alternative currency” Masterbucks, according to an article on Mashable.However, in a series of open letters, Robert Davis, Epik’s senior vice president of strategy and communications has suggested that the motive behind

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