BitGo Signs Strategic Agreement With Korean Heavyweight Hana Bank
[Sep 5, 2023 4:01 AM] The Californian company will develop custody services and security solutions, local media reported.
4 / 5 Relevant items tagged with #Custody
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Robinhood to Buy Back SBF’s Stake for Over $605 Million
[Sep 2, 2023 11:30 PM] Online broker Robinhood is going to buy back the stake purchased by a company of crypto exchange FTX founder Sam Bankman-Fried (SBF). The fintech intends to pay $605.7 million for the shares that were transferred to the custody of the U.S…
Bitcoin Holdings on Crypto Exchanges Dwindle to 2M, Fewest Since January 2018
[Aug 31, 2023 2:55 AM] The number of BTC held in wallets tied to crypto exchanges has declined by 4% this month, data tracked by CryptoQuant show.
No, Bitcoin withdrawals from exchanges are not inherently bullish for crypto
[Aug 30, 2023 3:00 PM] Traders say the record-low number of BTC held on exchanges is a bull signal, but data suggests otherwise.
BitGo Raises $100 Million Series C Funding At $1.75 Billion Valuation
[Aug 16, 2023 11:34 AM] BitGo, a leading Bitcoin and cryptocurrency custody firm, announced on Wednesday that it has successfully raised $100 million in its Series C financing round, bolstering its valuation to $1.75 billion. The funds will be allocated to…
FTX Boss Sam Bankman-Fried in Custody, Bail Revoked, Remanded to Jail
[Aug 11, 2023 2:37 PM] FTX co-founder Sam Bankman-Fried was taken into custody and his bail was rescinded on Friday, in anticipation of his trial scheduled for October. Matthew Russell Lee of the Inner City Press disclosed a synopsis of the August 11 hearing on the…
Paypal USD: Boon for Ethereum but not decentralization, says community
[Aug 7, 2023 7:32 PM] Proponents say PayPal’s PYUSD could see Ethereum become the money layer of the internet, while opponents argue that it’ll act like a poorly designed CBDC.
Why Nasdaq Backing Out of Custody Is Bad, Bad News for Crypto
[Jul 20, 2023 11:48 AM] If a financial giant can’t navigate the red tape, who can?
Not All Crypto Custody Is Created Equal: Crypto Long & Short
[Jul 19, 2023 10:00 AM] FTX, Celsius and BlockFi gave the industry a fresh perspective on custodial fundamentals.
The Fall of Multichain: A Tale of Unexpected Turbulence and Security Breaches
[Jul 14, 2023 8:30 AM] In an unforeseen chain of events that unfolded between May and July 2023, the CEO of Multichain, Zhaojun, was apprehended by Chinese authorities, destabilizing the blockchain project. The situation escalated when user assets began to be transferred…
Unchained Announces New Signature Private Client Service
[Jul 11, 2023 9:36 AM] Unchained, a Bitcoin custodial services company, has announced the launch of its private client service with collaborative custody. According to a press release sent to Bitcoin Magazine, the new platform called “Unchained Signature” is a…
Crypto Custodian Cobo Argus Scores $100M in Value Locked One Week After Going Live
[Jul 5, 2023 1:53 AM] Argus V2 supports all open-source DeFi protocols and lets traders utilize DeFi bots to automatically monetize farming rewards, compounding and token swapping.
Singapore's MAS Orders Crypto Firms to Keep Customer Assets in a Trust by Year-End
[Jul 3, 2023 2:42 AM] Crypto service providers in Singapore are now required to safekeep customer assets under a statutory trust before the end of the year.
Citigroup Reviews Partnership With Metaco, in Talks With Other Crypto Custodians: Bloomberg
[Jun 30, 2023 6:22 AM] Banking giant Citigroup (C) is reviewing its partnership with crypto custody firm Metaco one month after Ripple Labs announced that it agreed to acquire Metaco for $250 million.
Apparently It's Very Difficult to Custody Crypto
[Jun 29, 2023 9:22 AM]
BitGo Still Sees Consolidation in Crypto Custody After Spurning Prime Trust: CEO
[Jun 26, 2023 7:23 AM] CEO Mike Belshe said he sees consolidation in the crypto custody sector in the next six months.
Crypto Storage Firm Censo Offers Institutions Mobile Phone-Enabled Self Custody
[Jun 12, 2023 6:00 AM] Censo is the latest in a crop of cheap, open-source options for organizations looking to store digital assets.
Digital Asset Trust Firm Bitgo Sets Sights on Prime Trust Acquisition
[Jun 9, 2023 3:30 PM] In a recent development, Bitgo, the digital asset trust firm, disclosed that it has penned a letter of intent to acquire Prime Trust, a crypto custodian based in Nevada. Should the acquisition proceed, Prime Trust would become an integral part of…
BitGo Announces Preliminary Deal To Acquire Prime Trust Custody Firm
[Jun 8, 2023 2:30 PM] BitGo Holdings, Inc., has announced its intention to acquire Prime Core Technologies, Inc., the parent company of Prime Trust. According to a blog posted by BitGo, the acquisition aims to bring business continuity, long-term stability and…
MetaMask Institutional to integrate with Fireblocks MPC platform
[Jun 8, 2023 7:00 AM] Fireblocks will be added to the list of MetaMask Institutional custody technology providers, allowing its users to perform token swaps and stake ETH using the app’s dashboard.
Looking Into The Role Credit Unions Can Play In Bitcoin Adoption
[Jun 2, 2023 11:46 AM] In a recent interview with Bitcoin Magazine, Chief Lending Officer Chase Larson and CEO Jed Meyer of St. Cloud Financial Credit Union, based in Minnesota, discussed their experiences with Bitcoin and their efforts to develop a bitcoin custody…
How Bitcoin Can Preserve The Life Savings Of Refugees
[May 28, 2023 6:00 AM] This is an opinion editorial by Josef Tětek, a Bitcoin analyst at Trezor.Suppose you lead an ordinary family life in an undisclosed country. Suddenly, a crisis hits. This could be the rise of an autocratic regime, a democide or an armed conflict…
Centralized Exchanges Are Here to Stay
[May 25, 2023 11:31 AM]
As Bitcoin Scales, We Need Better Custodial Solutions
[May 12, 2023 3:22 PM]
SEC Blasted on Custody Proposal by JPMorgan, Crypto Firms and a Fellow Agency
[May 9, 2023 3:34 PM] The U.S. Securities and Exchange Commission (SEC) went too far when it proposed a new rule demanding investment firms safeguard all of their clients’ assets – including crypto – with approved custodians, according to an array of critics not often…
Texas House Advances Gold-Backed Digital Currency Bill
[May 5, 2023 11:30 PM] Texas has taken its first steps in order to approve a bill that would issue a 100% gold-backed digital currency. If enacted as law, the bill, which is being discussed by a Texas House committee, would create an electronic system for users to…
Estate and Legacy Planning for Crypto Assets
[May 4, 2023 6:45 AM] Legacy and estate planning is crucial for cryptocurrency holders because, unlike traditional assets, cryptocurrencies are not regulated by centralized authorities, making it difficult for heirs to access them after the owner's death. Proper…
Ex-a16z Engineering and Security Heavyweights to Start Crypto Custody Firm: Source
[Apr 26, 2023 11:09 PM] a16z’s former CTO, Riyaz Faizullabhoy, and former CISO Nassim Eddequiouaq have the blessing and seed backing of the venture capital giant, a person familiar with the plans said.
Crypto Lending Protocol MakerDAO Approves Transferring a Maximum of $500M in USDC to Coinbase Custody for 2.6% Yield
[Apr 20, 2023 2:33 PM] The maneuver is part of MakerDAO’s earlier decision to move up to $1.6 billion of USDC stablecoins to Coinbase’s custody arm.
Hard-Wallet Maker Ledger, Crypto Custodian Etana Target Institutions With Regulated Custody
[Apr 19, 2023 6:02 AM] The companies are looking to make it easier for institutions to hold digital assets and bolster investor confidence in the market.