Jack Dorsey confirms Square is building an ‘assisted custody’ BTC hardware wallet
Jack Dorsey and hardware lead Jesse Dorogusker have both confirmed Square’s plans to develop a Bitcoin hardware wallet. Go to Source Powered by WPeMatico
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Fireblocks faces lawsuit over deleted keys to $72M Ether wallet
The crypto-custody firm claims that it was the client’s responsibility to back up the private keys. Go to Source Powered by WPeMatico
Investment bank Cowen set to offer institutional-grade crypto custody
The 103-year-old bank wants to hold crypto for asset managers and hedge funds as Wall Street begins offering cryptocurrency products to institutional clients. Go to Source Powered by WPeMatico
First Digital Trust announces $2.15M funding for Asian digital payments service
The funding will be used to develop debit and credit card payment rails in Asia. Go to Source Powered by WPeMatico
PayPal purchases crypto custody firm Curv
The platform said it plans to complete the acquisition before the third quarter of 2021. Go to Source Powered by WPeMatico
Major South Korean Bank Shinhan Is Set to Offer Crypto Custody-Related Services
A major commercial bank in South Korea is entering the crypto business by allocating an equity investment in the Korea Digital Asset Trust (KDAC). Shinhan Bank is looking to offer digital asset custody services. Bank Expects to Offer Tech Capabilities to Face Defi-Related Hacking Risks According to inews24, the bank announced the investment in the … Read more
Fidelity Digital to Accept Bitcoin as Collateral for Cash Loans
Fidelity Digital says it will allow institutional customers to pledge bitcoin as collateral against cash loans in partnership with Blockfi. The firm’s decision helps bitcoin investors turn their digital holdings into cash without selling. Fidelity’s targeted clients include hedge funds, crypto miners, and over-the-counter trading desks. According to a report that quotes Tom Jessop, the … Read more
Comptroller reveals path for crypto companies to become banks
Firms could potentially become federally chartered banks allowed to provide crypto custody services by converting their business charters. Go to Source Powered by WPeMatico
Government-Owned Swiss Bank Launching Crypto Trading and Custody Services
Basler Kantonalbank (BKB), Switzerland’s eighth-largest bank, is getting into crypto through its subsidiary, Bank Cler. Owned by the Swiss Canton of Basel-City, BKB has total assets of approximately $49 billion. Swiss Canton Bank Launching Crypto Services Local Swiss government-owned commercial bank BKB will be offering cryptocurrency services through Bank Cler, the bank told Citywire Switzerland … Read more
Bitcoin Suisse Completes a $48 Million Series A Financing Round
Swiss crypto financial services provider, Bitcoin Suisse completes its first financing round of $ 48 million (CHF 45 million). The completed Series A financing round now has Bitcoin Suisse’s 2019 pro forma equity totaling around $108 million. The financing round includes 16.4% of shares of BTCS Holding AG, consisting of 6.4% treasury shares and 10% … Read more
