Follow crypto banking news, de-risking, stablecoin rails, fintech partnerships, and how traditional finance is adapting to digital assets.
Two major crypto-friendly banks — Silvergate and Signature — have come under increased scrutiny from regulators following FTX's recent collapse.
Oluwapelumi Adejumo 2 min read 
Signature bank has become an institution of last resort for several crypto companies burned by Silvergate and FTX.
Three exchanges have blocked transfers; Microstrategy has claimed minimal exposure.
Coinbase has dropped Silvergate as its payment partner; urges Prime users to update their payment instructions to Signature Bank.
The crypto bank faces possible inquiries from U.S. Congress, the DOJ, and bank regulators.
The bank, formerly known as Avanti, will not be supervised by the Fed.
JP Morgan's crypto lab will provide R&D services on blockchain, AI, and cryptography to payment businesses globally.
Deutsche Bank's Project DAMA intends to significantly reduce the effort it takes to launch, manage and access digital funds.
The bank chief believes tokenized deposits and central bank digital currencies (CBDCs) can make the financial industry more efficient.
