Crypto creeps into the checkout line

Payments firms are betting on crypto's growth as an asset class to fuel crypto adoption at checkout.

By Suman Bhattacharyya • Nov. 10, 2021

Why Current built its core technology in-house

Curbing the need for a third-party processor helps money move faster, said the fintech's CTO, Trevor Marshall. "When I think of a checking account, I think of a parking lot," he said. "Current is about movement."

By Suman Bhattacharyya • Nov. 8, 2021

Explore the Trendline➔

Artificial intelligence

Banks are enthusiastic about AI’s promises. But can they get customers on board, and will regulators let the innovation happen?

By Banking Dive staff

Toomey cautions against proposal to regulate stablecoin issuers as banks

"I think we have to really think long and hard before we put some onerous regulatory regime on a new technology," the Republican senator from Pennsylvania said.

By Anna Hrushka • Nov. 5, 2021

Regulators eye bank-like oversight for stablecoin issuers

Stablecoins can support beneficial payments options, Treasury Secretary Janet Yellen said, "but the absence of appropriate oversight presents risks to users and the broader system."

By Anna Hrushka • Nov. 2, 2021

Regulators to issue policy on crypto, stablecoins, FDIC chair says

Jelena McWilliams shared details about the interagency "crypto sprint" involving the FDIC, the OCC and the Fed, and said the agencies plan to issue a series of policy statements in the coming months.

By Anna Hrushka • Oct. 26, 2021

Vast Bank's new platform aims for the 'crypto curious'

"Banks for centuries have been safe keepers and custodians of what people value," said CEO Brad Scrivner. "And in today's world, that's now digital assets."

By Anna Hrushka • Oct. 21, 2021

Biden's OCC pick faces a delicate balance among moderates

Sen. Jon Tester, D-MT, said he would "hold off" expressing support "until after I meet with her." One attorney said the OCC pick should "balance mitigating risk with encouraging innovation."

By Anna Hrushka • Oct. 20, 2021

Facebook's Novi launches digital currency wallet pilot

The announcement was met nearly immediately with pushback from five senators urging that the project be discontinued.

By Dan Ennis • Oct. 20, 2021

Celsius, Tether and the 'known known'

Lender Celsius' admission that Tether accepts crypto tokens in exchange for stablecoins should be a bombshell. Rather, it confirms a suspicion regulators held so strongly that they've already penalized Tether for it. Twice.

By Dan Ennis • Oct. 19, 2021

No profit worries? Earnings week still served up drama

BNPL, crypto, bonuses, regulatory woes and even office layout bubbled up as subplots among Wall Street's heavy hitters.

By Dan Ennis • Oct. 18, 2021

Coinbase sees single regulator, new framework for crypto supervision

The approach would keep companies from having to comply with several agencies, which are adapting old laws to new tech, and help maintain the U.S.'s status as a "shaper" of oversight, Coinbase said.

By Dan Ennis • Oct. 18, 2021

Andreessen Horowitz poaches 2 crypto execs from Facebook's Novi

It wouldn't be the first adversity the social network's digital currency effort has faced — nor the first time this year a pair of executives have fled an established market player in tandem for a more startup-like environment.

By Dan Ennis • Oct. 12, 2021

U.S. Bank launches crypto custody service

Though limited to Bitcoin and its early spinoffs, the bank said it sees expansion to Ethereum and others eventually.

By Dan Ennis • Oct. 6, 2021

Robinhood, Revolut and PayPal play business-model musical chairs

New products have Revolut trying its hand at Robinhood's game, Robinhood looking to Coinbase, and PayPal seeing if high-yield savings a la Marcus would be a good fit.

By Dan Ennis • Sept. 24, 2021

Coinbase scraps crypto lending product under fire from SEC

The company is also discontinuing its waitlist for Lend, a product that would have let users earn 4% interest by lending their holdings of a stablecoin to other customers.

By Dan Ennis • Sept. 21, 2021

Coinbase reveals SEC plan to sue over lending product

Company execs ask for more clarity from the regulator amid plans to delay the interest-bearing offering until at least next month.

By Dan Ennis • Sept. 8, 2021

Walmart, NYCB show 2 ways to angle for blockchain expertise

The retailer posted a job description for a crypto product lead, while New York Community Bank partnered with fintech Figure.

By Dan Ennis • Aug. 17, 2021

Circle seeks national charter to start digital currency bank

Circle co-founder and CEO Jeremy Allaire said the company intends to operate under the supervision and risk management requirements of the Fed, Treasury, the OCC and the FDIC.

By Anna Hrushka • Aug. 9, 2021

Ex-OCC chief Brooks resigns as Binance.US CEO

The former regulator, who had led the company just three months, cited "differences in strategic direction" in a Twitter post. Binance faces scrutiny from several U.S. bodies, including the CFTC, Justice Department and IRS.

By Robin Bradley • Aug. 9, 2021

Neobank MovoCash launches real-time cryptocurrency conversion

The fintech, which launched in 2017, introduced a feature that allows users to rapidly convert 10 cryptocurrencies — including Bitcoin and Ethereum — into fiat money. 

By Robin Bradley • Aug. 4, 2021

Stablecoin meeting's focus finally comes to light

Tether and Diem were reportedly the focus of last week's "act-quickly" directive. The Justice Department is allegedly probing whether executives behind Tether hid from banks that transactions were linked to cryptocurrency.

By Dan Ennis • July 28, 2021

Crypto firm hires ex-CFPB chief Kraninger

She'll serve as vice president of regulatory affairs at Solidus Labs. The digital asset space has become a frequent landing spot for former regulators, including ex-Acting Comptroller Brian Brooks.

By Dan Ennis • July 23, 2021

NJ, Texas order BlockFi to stop offering interest accounts

A third state, Alabama, gave the crypto exchange 28 days to show why it should be allowed to keep selling the product to state residents. At issue is whether the offering is a security.

By Dan Ennis • Updated July 23, 2021

Bank of America, Deutsche and the case of the summer sequel

Commitments to de-emphasize overdraft fees, boost junior banker pay and refresh banks' card suites are hardly new. This week offers deeper tread on well-worn narratives.

By Dan Ennis • July 21, 2021

Yellen urges regulators to 'act quickly' on stablecoins

Regulators have expressed concern that a lack of transparency with regard to tokens pegged to fiat currencies may mean the companies issuing them don't have adequate reserves.

By Dan Ennis • July 20, 2021