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The $4.3 billion contraction in crypto-related deposits was steeper than estimated but not a surprise, Raymond James said in a report, also on Tuesday. The bank’s growth is not dependent on “digital currency ecosystem growth,” the note said, adding that while the firm’s exposure to the cryptocurrency ecosystem remains a
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The state of New York passed a bill that puts a moratorium on specific types of cryptocurrency mining operations that leverage carbon-based energy sources. The policy will place a two-year ban on proof-of-work (PoW) mining if the assembly bill is approved by New York governor Kathy Hochul. New York PoW Mining
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The signature of Star Trek producer Gene Roddenberry has gone boldly where no NFT has gone before — into the code for life itself.Back in 1965, Roddenberry signed a contract with Lucille Ball’s Desilu Productions to finance Star Trek. On Nov. 30, that signature was turned into a nonfungible token
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Signature Bank added $10 billion in deposits in the third quarter, which included “notable contributions” from its digital assets service.Deposits for the New York-based bank grew to a total of $95.57 billion, the company announced Tuesday.Signature did not specifically report how much of the growth was due to digital asset
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Deposits from digital currency customers now make up nearly 16% of total deposits at New York’s Signature Bank. In an earnings call Thursday, Signature revealed that deposits from customers in the crypto industry now total $10 billion – twice that of California rival Silvergate Bank.“We’ve clearly become the preeminent player in that
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The $1 billion in deposit growth from digital asset banking at crypto-friendly Signature Bank was driven in part by the bank holding the dollars backing stablecoins, CEO Joseph DePaolo said on a third-quarter earnings call Tuesday.Prominent stablecoins like USDC, PAX and TUSD are backed by actual dollars held in bank
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Signature Bank’s deposits grew by over $4 billion. Non-profits have rejected bitcoin donations made from hackers. And a FinCEN investigation raises questions about bitcoin mixers and the Bank Secrecy Act. Here’s all the news people are talking about in crypto today.Top shelfCorporate DeFi?R3’s open-source variation of its enterprise blockchain, Corda
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Ferrari sells cars so it can go racing; Bequant built a crypto exchange to get into prime brokerage. That’s the analogy offered by the firm’s head of institutional services, Alex Mascioli, when asked about a new banking relationship with Signature’s blockchain-based payments platform, Signet, first revealed to CryptoX this week. Prime brokerage,
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New York-based full-service commercial operation, Signature Bank (Nasdaq: SBNY) have launched and integrated its proprietary, blockchain-based digital payments platform, Signet™, with Fireblocks, an enterprise-grade platform delivering a
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Digital signature platform Off-Blocks is bringing its government-tested document verification tools to the public.The company launched its digital identity mobile app beta Monday, according to CEO Colin Campbell, offering to the public some of the Factom blockchain-powered anti-forgery mechanisms the companies have been building for the U.S.'s Department of Homeland
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