During Bitcoin Amsterdam, CryptoSlate caught up with Coinmetro exchange‘s CEO Kevin Murcko to discuss various topics, including the macro outlook, dollar strength, and incoming regulation. However, of particular interest was Murcko’s industry insights on the unusual employment dynamics between TradFi and crypto that few could have predicted years before. TradFi already big on crypto Most…
Switzerland-based bank SEBA has extended its crypto custody solution to cover storage for blue-chip NFTs. SEBA announced on Oct. 26 that it will extend its institutional custody solution to protect Ethereum-based (ERC-721) NFTs. Clients can deposit their NFTs, including blue chip collections like Bored Apes, CryptoPunks, and CloneX, for custody with the crypto bank. SEBA…
Nuri, a German crypto neobank, is closing its doors as it was unable to find an acquirer after filing for insolvency in August, CEO Kristina Walcker-Mayer said in an Oct. 18 blog post. The CEO said the decision was taken as the company was unable to find a potential acquirer or investors after working with…
Federal Reserve Bank Vice Chair Michael Barr said that banks accepting crypto deposits should be aware of their increased liquidity risks in an Oct. 12 speech published on Oct. 17. Barr stated that there are heightened liquidity risks when traditional banks do business with crypto firms, as such banks could be exposed to liability from…
Cardano founder Charles Hoskinson stated that American banks have helped to market crypto better than the industry players, according to an Oct. 17 tweet. People keep asking why isn’t the cryptocurrency space doing a better job at marketing, the answer is that every bank in America does a pretty good job of doing it for…
The Federal Reserve System’s Vice Chair for Supervision Michael Barr has called on federally regulated banks to be cautious while providing services to crypto firms. Barr, speaking at DC Fintech Week on Oct. 12, said that the Fed was working hard to find the right balance between promoting crypto market innovation and managing related risks….
The oldest bank in the United States, Bank of New York Mellon (BNY Mellon), has received approval to add digital assets custody to its services, The Wall Street Journal reported on Oct. 11. According to the report, the bank will offer this service to traditional fund managers already using its services for their back-office tasks….
The Reserve Bank of India (RBI) is finalizing plans to kickstart the pilot phase leading to the issuance of its central bank digital currency-“digital rupee”. The RBI released a concept paper on Oct. 7, which outlined its motivation, design choices, and technological considerations for the pilot phase of the CBDC project. The RBI said the…
Global financial messaging provider SWIFT has developed an infrastructure to facilitate the integration of different central bank digital currencies (CBDCs) and tokenized assets into the global financial system. SWIFT is a financial messaging platform that connects about 11,500 financial institutions across 200 countries to execute instant, frictionless, and interoperable cross-border transactions. With the advent of…
Bitcoin Bitcoin is holding steady amid rumors of a banking collapse, trading between $18,900 and $20,200 over the past three days. Investor Miles Deutscher drew parallels between the woes at Credit Suisse and Deutsche Bank and the collapse of the Lehman Brothers during the 2007-2008 financial crisis. Could Credit Suisse and Deutsche Bank collapsing be…