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University of Wyoming launches Bitcoin Research Institute

[Jul 29 1:08 AM] The Bitcoin Research Institute will open in August as part of the University of Wyoming’s College of Arts and Sciences.

Court Dismisses Custodia Bank’s Challenge Against Federal Reserve

[Mar 31 3:21 PM] In a significant ruling, a federal judge has dismissed Custodia Bank Inc.’s claim for entitlement to a Federal Reserve master account, marking a setback for the Wyoming-based depository institution. Custodia Bank argued that the Federal…

Why This Bank CEO Wants 99% Of The Crypto Industry Gone

[Sep 23, 2023 10:00 AM] In a bold and contentious statement, Caitlin Long has asserted that 99% of the crypto industry should be eliminated to decrease leverage buildup and improve the industry’s future advancement. Industry Overhaul Demanded For Sustainability Caitlin…

Custodia Bank Goes Live: Bridging Digital Assets With US Dollar Payments

[Aug 11, 2023 4:30 PM] Custodia Bank, the financial institution that aims to bridge digital assets with the U.S. dollar payment system, is now live. Last month, Custodia started serving external business customers in select U.S. states, offering U.S. dollar deposits and…

Custodia Bank Founder Caitlin Long: ‘The Fed Thinks Only Large Incumbents Should Service Crypto’

[Jun 22, 2023 5:30 AM] Caitlin Long, the founder of Custodia Bank, has railed against the favoritism that the Federal Reserve and the institutions of the U.S. financial system are supposedly showing to incumbents. According to Long, regulators have applied double…

Custodia's Suit Against Fed Over Denial of Master Account Can Proceed, Court Rules

[Jun 9, 2023 10:03 PM] Custodia's challenge of the Federal Reserve Bank of Kansas City's decision to deny the crypto-friendly bank access to the Fed banking services can continue, a U.S. district court ruled Thursday, rejecting a Fed motion to dismiss the case. The U.S…

Wyoming Defends ‘Legitimacy’ of Its Crypto Charter Framework in Custodia Lawsuit

[Apr 11, 2023 9:51 AM] The state of Wyoming is taking umbrage at the Federal Reserve Board’s insinuations that its regulatory framework for special purpose depository institutions (SPDIs) – state-chartered banks that can handle digital assets – are not up to snuff.

South African Professor Accuses US Regulators of Attempting to ‘Assassinate Crypto’

[Apr 6, 2023 5:30 AM] The United States’ attempts to “assassinate crypto” are illegal and unlikely to succeed because “crypto is global,” Steven Boykey Sidley, a South African professor and author, has argued. According to Sidley, many…

A Look at the Fed’s Recent Custodia Bank Denial and the Central Bank’s Push Back Against Narrow Banking

[Mar 26, 2023 10:30 PM] Over the past century, the number of American banks has significantly decreased, dropping from 30,000 banks in 1921 to 4,997 U.S. banks in 2021, according to data from the Federal Reserve. Recently, the U.S. central bank denied Custodia Bank of…

Flagstar Bank Acquires Signature Bank’s Assets and Branches, Excluding Cryptocurrency Operations

[Mar 20, 2023 3:30 PM] On Monday, about a week after the collapse of Signature Bank, the Federal Deposit Insurance Corporation (FDIC) announced that Flagstar Bank, a wholly owned subsidiary of New York Community Bancorp, acquired 40 former branches of Signature and its…

US Fed to create new crypto team amid concerns about unregulated stablecoins

[Mar 9, 2023 11:15 PM] The Fed’s vice chair for supervision said that the central bank does not want to curb innovation but ensure that regulations protect households and the financial system.

US Federal Reserve denies Custodia Bank's request for Fed supervision

[Feb 23, 2023 5:10 PM] The Federal Reserve Board has denied the request from crypto-focused Custodia Bank to reconsider its membership to the Federal Reserve System.

Custodia Bank CEO slams Washington’s ‘misguided crackdown’ on crypto

[Feb 17, 2023 11:40 PM] Caitlin Long revealed that she had warned government agencies of major “fraud” in the crypto space months before several firms went bankrupt.