Tag Archives: bitcoin custody

PayPal could be in talks to buy a cryptocurrency startup focused on providing security solutions for cryptocurrency custody.According to diferent reports, PayPal is interested in acquiring Curv, and the talks between the two companies’ teams are an open secret in the global tech scene – though perhaps no longer a secret considering how quickly it is spreading despite the cautious stance taken by both companies.Local sources argue that the cost of the deal would be in the range of $500...

The use of decentralized exchanges has been increasing over the years. With cryptocurrencies making their way into the business world, activity in this sector is skyrocketing.Unlike a centralized exchange, a DEX (Decentralized exchange) has no central entity responsible for its operation. Instead, traders rely on a smart contract and the whole platform runs on the blockchain —generally Ethereum.This makes them slower and inefficient, but traders gladly embrace this temporary issue because,...

The Puerto Rico Office of the Commissioner of Financial Institutions (OCIF) has granted permission to FV Bank to provide custody services for cryptocurrency assets such as Ethereum and Bitcoin. The institution plans to integrate the new service into its digital banking platform as of early 2021.FV Bank Granted Permission To Be A Crypto CustodianHeadquartered in Puerto Rico, United States, FV Bank is a global digital bank servicing domestic and international businesses focusеed on providing...

MicroStrategy is hodling A LOT of Bitcoin, and it’s coming for more. The corporation just revealed that it’s looking for financing to acquire an additional stash of Bitcoin.The company shared the information in an official announcement on its website on December 7, 2020. According to the Press Release, MicroStrategy would be contemplating a $400 million private offering in convertible senior notes, with the idea of increasing its Bitcoin reserves:MicroStrategy intends to invest the net...

Now the United States can boast a new crypto bank: Welcome Avanti. Avanti Financial Group, a firm founded by the former managing director at Morgan Stanley, Caitlin Long, announced that it had been granted a license to offer banking services by the Wyoming State Banking Board. Avanti is The Second Crypto-bank Operating in the United States With this decision, Avanti becomes the second crypto company to receive a banking license after the crypto exchange Kraken was also...

The large South Korean bank KB Kookmin Bank plans to launch a cryptocurrency custodial service for its clients. The new feature will be available after a partnership with the blockchain venture fund Hashed, the digital asset trading platform Cumberland Korea, and the smart contract security audit firm – Haechi Labs.Crypto Custody For KB Kookmin Bank ClientsThe blockchain-based fund revealed the new partnership in a recent announcement, which will aim to enhance the “emerging market for...

Switzerland-based digital asset service company Bitcoin Suisse has successfully raised nearly $50 million in a Series A financing round. The company plans to utilize the funds to enhance its staking services and custodial solutions before initiating an STO.Bitcoin Suisse Raises $50MAs CryptoPotato reported in May, Bitcoin Suisse AG planned to hold new funding round to raise about CHF 45 million ($48 million). Earlier today, the Swiss organization announced the successful completion of the...

Bakkt, the Bitcoin derivatives trading and custody platform owned by the Intercontinental Exchange (ICE), has partnered with the investment management company Galaxy Digital to launch a joint trading and custody venture for digital assets.The official announcement unveiled earlier today informs that Galaxy Digital Trading, an affiliate of Galaxy Digital, will provide the market access and trading capabilities for the new collaboration. The Bakkt Warehouse, on the other hand, will serve as the...

The German Federal Financial Supervisory Authority (BaFin) has recently issued guidelines on cryptocurrencies. Following the 5AMDL from earlier this year, BaFin now classifies all digital assets as financial instruments.Additionally, cryptocurrency custodians will be required to obtain a proper license to offer their services in the country.Defining CryptocurrenciesGermany has been somewhat open-minded in accepting cryptocurrencies in the past. A report from last year said that some banks in...

An office representing the Fidelity Investments firm (based in the U.S.) has opened its doors to the Europeans. On December 16, the U.K. based entity started giving hedge funds, family offices, and fund managers across the EU a possibility to buy or sell digital assets.In an interview for FNL, Michael O’Reilly, COO at Fidelity Digital Assets, have said that the company won’t even have to pass through additional law procedures:“We’ll make sure that we’re compliant with any UK or any other...