Despite the decentralized nature of cryptocurrencies and other digital assets, Web3 businesses need banking partners. But on Thursday (Aug. 8), news broke that Pennsylvania-based Customers Bank, one of the only crypto-friendly banks in the U.S., was served with a 13-page regulatory enforcement action by the Federal Reserve related to its digital asset and dollar token
A Zoom meeting on Thursday with Democratic Party leaders highlighted a longstanding grievance held by those in the crypto space. The meeting was intended to mend the often hostile relations between the Biden administration and the crypto sector. (Shutterstock) Posted August 9, 2024 at 2:58 pm EST. A recent online meeting between members of the
Customers Bank, which services some of the largest names in crypto including Galaxy Digital (GLXY), Coinbase (COIN) and Circle, has told some hedge-fund clients it can no longer provide them with banking services, according to three people familiar with the matter. Whilst the extent of the cull is unclear, one person said “a load of