Tagged: caitlin long

Custodia Bank Appoints Lisa Hough to Support Banking and Bitcoin Custody Services for Institutions

Custodia is pleased to announce that Lisa Hough has joined the bank as Vice President of Strategic Relationships, responsible for helping customers in the U.S. Bitcoin and energy industries “meet their banking and bitcoin custody needs.” Lisa transitioned to the Bitcoin sector in 2019 “after… Read More

Federal Reserve Vice Chair Barr Says FedNow is Available to All Depository Institutions, Digital Asset Advocate Says Wrong

In a speech delivered at the Annual Fintech Conference in Philadelphia, US Federal Reserve Vice Chair for Supervision Michael S. Barr spoke about the Fed’s role in supporting innovation. Barr noted that not that long ago, cash in trucks was the preferred method of moving… Read More

Digital Asset Experts School Senators on Silvergate Debacle: Not Due to Crypto

Like the day is followed by night, we can count on politicians piling on a debacle when they can craft a sound bite that fits their desired narrative. As was reported yesterday, Silvergate Capital Corporation (NYSE:SI) has decided to wind down its operations following the collapse… Read More

Federal Reserve Board Announces Denial of Application by Custodia Bank to Become Member of Federal Reserve System

The Federal Reserve Board announced its denial of the application by Custodia Bank, Inc., Cheyenne, Wyoming, “to become a member of the Federal Reserve System.” The Board has concluded that the firm’s application “as submitted is inconsistent with the required factors under the law.” Custodia… Read More

Avanti Financial Group Is Now Custodia, Announces Countdown to Q2 2022 Launch

Custodia is reportedly the first US digital asset bank that has been built on a modern core banking platform. Avanti Financial Group, Inc. recently announced their new name, Custodia Bank, Inc., as “a countdown to the launch of the first-of-its-kind digital asset bank.” Custodia Bank… Read More

BBVA Switzerland Adding BTC Trading Service for Private Clients Isn’t Good bec Banks’ Settlement Is Too Slow, Wall Street Veteran Argues

BBVA Switzerland has opened its Bitcoin trading service to all private banking customers. After six months of in-house testing with a certain group of users, BBVA Switzerland has decided to make its first digital asset trading and custody service accessible to all its private banking… Read More

BTC Dominance Fell to Lowest Level Since July 2018, but New Crypto and Blockchain Developments Reveal Maturing Digital Asset Space: Report

Bitcoin (BTC) dominance recently dropped to 50.2% (but has increased slightly to 50.7% at the time of writing) for the first time since July 2018, Bloqport reports. Bitcoin dominance represents the total share of the digital assets market that BTC claims. Notably, the BTC price… Read More

University of Wyoming Establishes Center for Blockchain and Digital Innovation

The University of Wyoming (UW) has launched a Center for Blockchain and Digital Innovation. As mentioned on UW’s website: “Wyoming is a pioneer state known for firsts. In recent years, the state passed groundbreaking legislation to create a regulatory environment to foster blockchain application growth… Read More

Caitlin Long’s Avanti Financial Group Is Now Officially a Bank, Company Approved to Serve as Qualified Custodian for Digital Assets

Caitlin Long, Founder and CEO at Avanti Financial Group, has confirmed that Avanti is now officially a bank. Long noted that the company’s charter and business plan were “approved 8-0” today (October 28, 2020), including Avit, a tokenized US dollar that the company will issue… Read More

Digital Asset Exchange Kraken Gets Bank Charter in Wyoming

The state of Wyoming has approved its first Special Purpose Depository Institution (SPDI) by approving Kraken Financial – part of the well known digital asset exchange. Tentatively called Kraken Financial and based in Cheyenne, Wyoming, the new bank claims the title as the “first digital… Read More

Wyoming Digital Asset Bank Avanti Said to Open in October

Avanti, Wyoming’s first bank focusing on digital assets is scheduled to open this coming October. According to Avanti Financial Group, Inc. the aspiring bank received formal notice from the Wyoming Division of Banking that Avanti’s application for a bank charter was accepted as complete on… Read More

Digital Currency Group, Morgan Creek Capital Management, Others Invest in Caitlin Long’s Crypto-Native Bank Avanti, Awaiting Regulatory Clearance for 2021 Launch

Caitlin Long, who claims she has been involved with Bitcoin (BTC) since 2012, has issued an update regarding her company, the Avanti Financial Group. As previously reported, Avanti is the first  “cryptocurrency-native” bank, which should launch next year. Long claims that Avanti will provide a… Read More

First Ever Crypto-Native Bank, Avanti, to Launch Next Year, Will Provide Bridge to US Fed for Payments and Custody for “BIG Institutional Money,” Caitlin Long Reveals

Caitlin Long, a 22-year Wall Street veteran who is now actively involved in helping the US state of Wyoming adopt blockchain or distributed ledger technology (DLT) (playing a key role in assisting the state in enacting 13 blockchain-related laws), is setting up the very first… Read More

Scott Purcell of PrimeTrust on Tether: They Refused an Audit, that Means One Thing – Fraud

The crypto world is still regrouping from the reality that Bitfinex/Tether is being pursued by a lawsuit filed by New York Attorney General Letitia James. Stablecoin Tether, operated by the owners of Bitfinex, is a big part of the fraud allegations leveled by the state…. Read More

Crypto Rockies: Wyoming Continues Legislative March to Create a Blockchain Friendly Market with Digital Asset Property Law

Wyoming, a state that is small in population but huge in blockchain aspirations, is continuing to enact laws that are pro cryptocurrency and blockchain. The most recent legislation passed is SF125 – a bill that recognizes property rights for digital assets. Sponsored by State Senator… Read More

Overstock Subsidiary Medici Land Governance Signs up Wyoming County to Provide Blockchain based Records

Overstock (NASDAQ:OSTK) subsidiary Medici Land Governance, has signed a Memorandum of Understanding (MOU) with Teton County in Wyoming to provide a blockchain-based land records and information platform. Medici Land Governance is just one of many blockchain initiatives that Overstock is currently pursuing. According to the… Read More

Dr. Nouriel Roubini Extends Crypto Bashing on Twitter, Blocks Crypto Advocates Who Challenge Him

Dr. Nouriel Roubini, also known as “Dr. Doom,” has extended his crypto / blockchain bashing on Twitter during the past few days. Following a widely viewed Senate Banking Committee hearing where Dr. Roubini submitted a 37 page document that eviscerated the concept of cryptocurrency calling… Read More

The Crypto Custody Conundrum

As the crypto markets have evolved rapidly during the last year and institutional investors (like Arca Funds) have begun to invest, fitting into the existing financial services framework has proven difficult. The primary debate around legacy intermediary systems and how they relate to real money… Read More

Group of Crypto / Blockchain Industry Leaders Addresses SEC on Fund Innovation & Digital Assets

A letter authored by a group of prominent cryptocurrency / blockchain advocates was forwarded to the Securities and Exchange Commission (SEC) this week. The letter was addressed to Dalia Blass, Director of the Division of Investment Management at the SEC, specifically mentioning the Commission’s Staff… Read More

Clean Sweep: Wyoming Passes All Five Cryptocurrency Focused Bills

As we wrote at the end of February, Wyoming wants to become the Crypto-Valley of US – similar to the Crypto-Valley in Zug, Switzerland. Today, Wyoming surpassed an important milestone as ALL 5 cryptocurrency bills were passed  by both the House and the Wyoming Senate…. Read More

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