Bitcoin

In raising the cryptocurrency's profile, the tech celebrity also demonstrated its extreme volatility.

Bitcoin is inherently risky and only central banks should issue digital currencies, according to the Bank for International Settlements.

A new path forward for digital banks and their customers.

Felix Todd, formerly of Regions Financial, says "the excitement is authentic" at the New York community development bank, which has a reputation for being both innovative and purpose-driven.

Silvergate and Avanti are among the banks pioneering the incorporation of smart contracts, cryptocurrencies and other cutting-edge instruments into mainstream financial services.

They're among a handful of companies willing to hold clients' digital assets for safekeeping. Many of their peers balk at the reputational and financial risks.

The community bank and fintech are offering the first live bank account and debit card that offer rewards in the form of bitcoin.

The new service from the Boston-based asset manager comes at a time of soaring price increases for the world's most valuable digital asset.

Fidelity Digital Assets will allow its institutional customers to pledge bitcoin as collateral against cash loans in a partnership with blockchain startup BlockFi.

Sells, American Banker's Digital Banker of the Year for 2020, says he will help the New York fintech startup create digital currency products for banks.