digital banking

Goldman Sachs leads off the news this week with some bad news and some good news. Step raised a huge debt round (eschewing equity), BNY Mellon is getting into crypto, which makes Custodia Bank very unhappy. And of course, there were plenty of crypto stories to round out the news.

Lots of news from or about the government this week with FSOC warning on the dangers of crypto, the White House laying out plans for AI and Congress giving up on crypto legislation for this year.

A variety of fintech news this week with FTX reportedly raising $1 billion, Stash announcing they have built their own core, bidding for Voyager assets, Nasdaq launching crypto custody, Adyen partnering with Cash App and more.

Another busy news week in fintech with the Celsius bankruptcy saga taking another turn. We also had news from Block's Square small business unit, SWIFT partnering with Chainlink, JPMorgan's UK bank celebrates one year and more.