Switzerland Approves Bitcoin Banks – But With Strict Conditions Attached

Swiss crypto banksOne of the major problems for businesses in the cryptocurrency industry is finding a bank that agrees to work with them and connect them to the traditional fiat financial system. The financial regulator in Switzerland has just made this easier by licensing two companies to serve as tailored banks for the industry and further open […]

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How Coinbase Quietly Became the World’s Biggest Bitcoin Bank

How Coinbase Quietly Became the World’s Biggest Bitcoin BankOn August 15, the San Francisco-based digital currency exchange Coinbase announced that it had acquired the cryptocurrency custody service Xapo’s institutional branch. The business move puts Coinbase in the limelight, making it the largest custodial service for digital assets worldwide, with more than $7 billion under custody. Also Read: Hong Kong Protest Leader Hopes to […]

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The Daily: Asus Wants to Turn Gamers Into Miners, Wyoming Advances Crypto Bank Bill

Asus Wants to Turn Gamers Into Miners, Wyoming Advances Crypto Bank BillIn today’s edition of The Daily, we look at the effect of cryptocurrency on video gaming, banking laws and popular media. A leading PC manufacturer wants to enable gamers to mine, a U.S. state has passed a bill to create dedicated financial institutions for cryptocurrency startups, and Bitcoin is on TV again. Also Read: G20 […]

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US Bank That Serves 483 Cryptocurrency Companies Is Seeking an IPO

US Bank That Serves 483 Cryptocurrency Companies Is Seeking an IPOSilvergate Bank, headquartered in San Diego as a California state-chartered bank, started its cryptocurrency-related business in 2013. Now its parent company wants to go public, revealing that 483 companies from the crypto industry are using the services of the “bitcoin-friendly” bank. Also Read: Survey Finds McAfee Is the Most Influential Crypto Trading Figure $1.7B of […]

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