The custody bank recorded a 59% drop in net income as a result of the goodwill impairment charge. New CEO Robin Vince sought to assure analysts that the one-time item does not reflect either a change in strategy or the well-being of the company's investment management business, which took the hit.

U.S. prosecutors and several federal regulators are seeking information from the bankrupt crypto lender Celsius Network.

Federal Reserve Gov. Christopher Waller deconstructed fellow board members' arguments that a central bank digital currency would further the dollar's status as the global reserve currency.

A preemptive move to establish an SRO could create necessary safeguards while holding off burdensome intrusion from the federal government.

Anchorage Digital Bank and the Provenance Blockchain Foundation have partnered to let banks take a stake in the Provenance blockchain, run nodes of it and receive fees and peace of mind in return.

The Financial Stability Board proposed recommendations for companies that offer crypto-asset and stablecoin services following "crypto winter."

The Wyoming-chartered digital bank, which is suing the Federal Reserve for the right to a master account, says the central bank is applying a double standard on crypto custody.

Voyager Digital Ltd. creditors are taking issue with plans to provide the crypto lender's directors and officers with immunity from lawsuits tied to its descent into bankruptcy. 

Rep. Patrick McHenry, ranking member on the House Financial Services Committee, said he and Maxine Waters, who chairs the panel, agree stablecoins should be backed one-to-one.

The U.S. Treasury Department faces a second lawsuit over its August decision to sanction Tornado Cash, a crypto-mixing service that obscures sources of coin transactions. 

The vice chair for supervision warned banks to be on the lookout for liquidity risks and illegal activity when dealing with the crypto sector.

The crypto custodian Copper Technologies has obtained $196 million in fresh funding this year, as part of an ongoing series C investment in the business.

Grayscale Investments, the largest crypto asset manager, said the Securities and Exchange Commission acted arbitrarily earlier this year in rebuffing a bid to convert its $12 billion spot bitcoin trust into an exchange-traded fund.

An attacker spirited away about $100 million from the decentralized finance provider Mango by manipulating the price of its token in an exploit that wiped out depositors on the crypto platform.

The SEC sued Ripple in 2020, alleging that the crypto payments company and its top executives misled XRP investors because it failed to register the digital asset as a security and did not provide adequate disclosure.

Acting Comptroller of the Currency Michael Hsu referenced several large crypto firm meltdowns in the last year, including Voyager and Celsius.

Top executives at the bankrupt crypto lender Celsius Network withdrew at least $30 million of cryptocurrencies in the month before suspending customer withdrawals from the platform, court documents show.

Citigroup's venture capital investing group made its first digital-asset seed investment in a Hong Kong-based digital-asset management firm. 

The lawmakers have asked Attorney General Merrick Garland to share the Department of Justice's analysis on creating a central bank digital currency by Oct. 15.

In the master account lawsuit, the Fed says reserve banks aren't subject to administrative procedure law, and urges the court not to jeopardize the balance Congress has created with the Federal Reserve System.