-
5 Key Changes in SEC Rules That Open Doors for Banks in Crypto Custody
In a recent development that has the potential to significantly alter the landscape of the cryptocurrency custody market, the U.S. Securities and Exchange Commission (SEC) has relaxed the stringent requirements outlined in Staff Accounting Bulletin No. 121 (SAB 121). This pioneering move could not only redefine how banks engage with digital assets but also reshape…
-
Discover How Standard Chartered is Revolutionizing UAE’s Crypto Scene with Custody Services
In a significant stride toward embracing the future of finance, Standard Chartered, a leading London-based multinational bank, has recently been greenlit by the Dubai Financial Services Authority to venture into crypto custodial services. This reputable institution is now set to offer its clientele secure storage solutions for bitcoin and ethereum, marking a pivotal moment in…
-
Standard Chartered Launches Game-Changing Crypto Custody in UAE for BTC & ETH
Standard Chartered Enters the UAE Cryptocurrency Market with Custody Solutions The fintech landscape is evolving at a breakneck pace, particularly in the realm of digital assets and cryptocurrency. In a significant move, Standard Chartered, a renowned multinational banking and financial services company, has been officially approved by the Dubai Financial Services Authority to extend its…
-
Is Coinbase Custody the Achilles Heel for Crypto ETF Success?
In the rapidly evolving landscape of cryptocurrency and digital assets, regulatory guidelines and security measures are always at the forefront of discussions. The potential for centralization in crypto custody, highlighted by the SEC’s SAB 121, brings to light the increasing risks of single-point failures. Furthermore, the alarming success of North Korean hackers targeting crypto-related products,…
-
Discover How Metaplanet and SBI VC Trade Revolutionize Bitcoin Custody
In the evolving world of cryptocurrency, mergers and acquisitions are not uncommon, but they do demand our attention for the strategic shifts and potential impacts they herald within the digital asset landscape. Recently, the landscape witnessed a notable transaction that underscores the growing interactions between traditional digital asset exchanges and media outlets dedicated to covering…
-
Ethena Picks Coinbase Prime for Unmatched Custody and Wallet Solutions
In the evolving landscape of decentralized finance (DeFi), partnerships that enhance protocol efficiency and security are pivotal for growth and user confidence. Ethena, at the forefront of innovation within the ethereum ecosystem, has recently announced a significant collaboration with Coinbase Prime, to amplify its protocol with advanced custody, stablecoin integration, and self-custodial wallet services. Coinbase…
-
$230M Gone: WazirX Halts Orders, Points Finger at Liminal Custody for Hack
In the fast-evolving landscape of cryptocurrency exchanges, recent developments at WazirX, an Indian-based trading platform, have caught the attention of both users and investors worldwide. This article delves into the critical situations faced by WazirX, including a major hack, the resilience of its WRX coin, and the ensuing controversies related to its wallet provider, presenting…
-
Discover How Uniswap and Arbitrum Elevate Security with Prometheum Custody Integration
In the evolving landscape of digital finance, Prometheum Capital is pushing the boundaries by expanding its offerings in digital asset management. The incorporation of Ether custody followed by Uniswap (UNI) and Arbitrum (ARB) tokens into its suite showcases a significant leap towards catering to the nuanced needs of institutional and corporate clients. The strategic move…
-
Soothe Your DeFi Jitters: Discover Zenrock’s Revolutionary Crypto Custody Solution
Exploring Zenrock’s Innovative Approach to Decentralized Custody and Finance Restructuring The digital asset landscape is witnessing a remarkable transformation, challenging the norms and pushing boundaries to unveil novel possibilities. Zenrock, previously recognized as Qredo, is steering a considerable wave of innovation in the realm of decentralized finance (DeFi) and crypto custody services. Their latest strategic…
-
Elevate Your Bitcoin Security: Fireblocks Wins NY Charter for Custody Services
In the evolving landscape of web3 technology, regulation and innovation often go hand-in-hand. On August 14, 2024, a significant development was announced by Fireblocks, a leading infrastructure provider in the web3 domain. The New York Department of Financial Services (NYDFS) has granted Fireblocks a coveted limited-purpose trust corporation charter. This move marks a pivotal moment…
-
WazirX Breaks Free: Transfers Funds After Cutting Ties with Liminal Custody
In recent weeks, the cryptocurrency landscape in India was rocked by an unprecedented event, marking a significant milestone in the security challenges faced by exchanges and the importance of robust digital asset custody. This disturbance followed the aftermath of India’s largest cryptocurrency theft — a staggering loss of Rs 2000 crore from a multi-sig wallet…
-
Binance VP Faces Harsh Treatment in Nigerian Custody: Denied Medical Care
In the rapidly evolving world of cryptocurrency, legal and regulatory challenges continue to shape the landscape. The recent situation involving Tigran Gambaryan, a binance executive, has brought to light the intricate balance between regulatory measures and individual rights. Gambaryan, an American citizen, finds himself entangled in a legal battle that raises concerns about access to…
-
BitGo Takes Wrapped Bitcoin Global with New Multi-National Custody Service
In the rapidly evolving landscape of cryptocurrency storage and security, BitGo is pioneering an innovative approach to improve the safety and resilience of its Wrapped bitcoin (WBTC) operations. As a leader in digital asset custody, BitGo is embarking on a significant transition, moving from single-jurisdiction storage within the U.S. to adopting a multi-jurisdictional strategy that…
-
BitGo Elevates Wrapped Bitcoin With Global Custody Shift: Discover How
The Evolution of crypto Finance: BitGo’s Strategic Move with Wrapped bitcoin In a groundbreaking shift set to redefine the landscape of cryptocurrency investments, BitGo has recently declared its intention to expand its Wrapped bitcoin operations. This strategic move is heralded as positioning BitGo as the inaugural “multi-jurisdictional and multi-institutional custody” service in the world. Such…
-
Enhance Your Crypto Safety: Algoz Chooses Zodia Custody for Secure Investing
In the ever-evolving digital landscape, the intersection of media and the cryptocurrency industry constantly shapes the discourse around digital assets. CoinDesk, an award-winning media outlet renowned for its comprehensive coverage of the cryptocurrency realm, recently experienced a transformative shift that has significant implications for the industry. In November 2023, CoinDesk entered a new chapter under…
-
Court Grants Relief to Crypto Platform on Investment and Custody Regulations
Cryptocurrency Exchanges See New Dawn with Recent Court Decision In an intriguing update within the ever-evolving cryptocurrency sphere, a pivotal U.S. legal decision has signaled a slightly more permissive framework for cryptocurrency exchanges. Specifically, binance (BAM) has emerged in the limelight following a court’s decision to ease some previously established operational constraints. This development springs…
-
WazirX and Laminal Custody Trade Blame Over $230M Hack Incident
The Digital Heist That Shook the crypto World In a world where digital fortunes can be made and evaporated in the blink of an eye, the recent brawl between WazirX and Liminal Custody has thrown a harsh spotlight on the vulnerabilities present within the bowels of cryptocurrency security. At the heart of this digital drama…
-
Crypto Custody Offerings Now Available in UK and Australia Through Kraken
Kraken Custody Takes the Stage in the UK and Australia Imagine being able to sleep soundly, knowing your digital treasures are tucked away safely. That’s exactly the peace of mind Kraken aims to bring to institutional investors in the UK and Australia as it rolls out its Kraken Custody services. That’s right, after making waves…
-
Kraken’s Digital Asset Custody Service Launches in the UK and Australia
Unlocking the World: Kraken’s Global Custody Expansion Imagine a world where digital assets are as widely accepted and easily accessible as the traditional currencies in your wallet today. For the digital asset industry, crossing borders and making services accessible internationally is a crucial step toward this future. Leading the way in this global shift is…
-
US Marshals Service to Secure Digital Assets with Coinbase Custody
The Federal Agency Leaps into Digital Assets with a Major Crypto Exchange In an electrifying move that’s got everyone talking, a well-known crypto exchange has recently announced an unparalleled partnership with a federal agency. This collaboration isn’t just any routine alliance; it’s a giant stride into the future of digital economics, signifying an era where…
-
US Marshals Service Partners With Coinbase for Cryptocurrency Custody
Revolutionizing Cryptocurrency Management in Federal Law Enforcement The U.S. Department of Justice’s U.S. Marshals Service (USMS) has taken a monumental leap in embracing the digital age. Through a partnership with Coinbase Prime, they’re set to manage and liquidate massive amounts of cryptocurrency, signifying a pivotal moment in the government’s approach to digital assets. Seamless Collaboration…