1 / 1 Relevant items tagged with #Custodian

Posts

A Single Custodian Oversees Nearly Half of Bitcoin’s Block Rewards

[Apr 12 3:32 PM] Onchain data indicates that a single custodian now manages the coinbase addresses for at least nine prominent mining pools, which collectively account for 47% of Bitcoin’s total hashrate. The analysis shows that substantial miners’…

Fireblocks Prepares for Bull Market by Adding New Executive After New CFO Hire

[Mar 7 8:06 AM] Chief marketing officer Michal Ferguson joins from cybersecurity platform Snyk, following the appointment of new CFO Michael Levine, and chief customer officer Madan Gadde.

Amidst a Surge in Spot Bitcoin ETF Reserves, Kraken Institutional Enters the Market

[Feb 28 5:00 PM] The crypto exchange based in San Francisco, Kraken, has unveiled its latest offering, Kraken Institutional, a digital currency suite designed expressly for high-net-worth firms and institutional investors. Deep Liquidity and Low-Latency Trading…

Bitcoin ETF Provider Valkyrie Adds BitGo as Second Custodian in Risk Mitigation Move

[Feb 2 9:40 AM] The digital asset investment firm has become the first of the ETF providers to diversify custody of its coins by tapping BitGo's expertise in addition to Coinbase.

FTX Approved to Sell $3.4B in Crypto; Tron’s Justin Sun, DWF Labs Consider Buying Cache

[Sep 13, 2023 2:00 PM] The bankrupt crypto exchange FTX received permission to sell its crypto assets valued at more than $3.4 billion after John Dorsey, the presiding bankruptcy court judge, approved the motion. Moreover, Tron founder Justin Sun took to social media and…

From Crypto Custodian to Court: Prime Trust Files for Bankruptcy Protection

[Aug 15, 2023 8:00 AM] In the wake of financial upheavals and regulatory hurdles, Prime Trust, a digital currency custodian, has formally sought Chapter 11 bankruptcy protection. This move closely follows the appointment of John Guedry as the company’s overseer…

Crypto Custodian Hex Trust Expands European Foray With Registration in France

[Aug 2, 2023 1:00 AM] The registration, which follows last year's approval in Italy, is "a significant milestone" for its European expansion plans, Hex Trust said.

Nasdaq Halts Plan for Crypto Custody Service Due to U.S. Regulatory Conditions

[Jul 19, 2023 7:08 AM] The stock market operator had said in March, that it was putting together infrastructure and regulatory approval for the custodian service.

Crypto Firms Face Turmoil as Prime Trust Fallout Causes Service Disruptions and Concerns

[Jun 23, 2023 12:00 AM] After the Bitgo acquisition deal to purchase Prime Trust fell through, it seems that crypto firms that have worked with the custodian are experiencing problems. On Thursday, Seattle-based fintech startup Stably announced the need to…

TUSD Supply Skyrockets With 1 Billion Injection Amidst Decline in Stablecoins

[Jun 19, 2023 9:30 PM] Despite the decline in stablecoins due to substantial redemptions, particularly from projects like USDC, DAI, and BUSD, the project TUSD has experienced a notable surge in its supply. TUSD has added more than a billion dollars’ worth of…

Custodian Prime Trust’s Payments Subsidiary Banq Files for Chapter 11 Bankruptcy Protection

[Jun 14, 2023 5:30 PM] Shortly after the custodian Bitgo announced its acquisition of the company Prime Trust, its payments subsidiary, a firm called Banq, filed for Chapter 11 bankruptcy protection in the United States. According to court documents, the filing reveals…

OKX Chooses Nomura-Backed Crypto Storage Firm Komainu as Custodian

[Jun 6, 2023 2:00 AM] OKX is the first client to use Komainu Connect, a regulated settlement and custody system for institutional customers.

German Stock Exchange Boerse Stuttgart to Provide Crypto Custody Through Licensed Subsidiary

[Apr 2, 2023 4:30 AM] Blocknox, a subsidiary of one of Europe’s largest stock exchanges, Boerse Stuttgart, has been licensed to operate as a crypto custodian in Germany. The authorization will allow the company to offer custody services for digital assets to…

Nasdaq Aims to Launch Crypto Custody Services in Second Quarter

[Mar 26, 2023 3:30 AM] Nasdaq intends to launch its custody services for digital assets like bitcoin by the end of this year’s second quarter. The exchange operator is among those traditional financial firms that want to play a role as intermediaries in the crypto…

Ethereum Liquid Staking Trend Continues to Swell; 5 Platforms Control 97% of Market

[Feb 7, 2023 9:00 AM] As of Feb. 7, 2023, the value locked in 11 Ethereum-based liquid staking protocols has risen above $11 billion, with Lido, Coinbase, and Rocket Pool recording 4-10% gains over the past month. Lido holds more than 73% of the total value locked (TVL)…

Indonesia targets launch of its national crypto exchange by June

[Feb 2, 2023 8:00 PM] Indonesia's financial services regulator first expressed its intentions to establish a crypto exchange back in 2021.

Bitcoin’s Third Largest Wallet Changed Hands, but Onchain Data Shows It’s Likely the Same Owner

[Dec 4, 2022 3:00 PM] Last year and during the first half of 2022, speculators assumed the third-largest bitcoin address was a ‘mysterious whale,’ even though the wallet had shown strong characteristics of being a cryptocurrency exchange. The address known…

Onchain Analysis Verifies the Number of BTC Held by Grayscale’s Bitcoin Trust

[Nov 24, 2022 1:30 PM] After Grayscale Investments shared information concerning the company’s product holdings, people questioned why the firm wouldn’t share the public addresses associated with the crypto assets it holds. However, on Nov. 23, OXT…

GBTC Manager Insists the ‘Holdings of Grayscale’s Digital Asset Products Are Safe and Secure’

[Nov 19, 2022 2:30 PM] On Nov. 18, 2022, at 5:47 p.m. (ET), Grayscale Investments’ official Twitter account shared information on the safety and security associated with Grayscale’s digital asset products. The update from Grayscale follows the recent FTX…