Category: custody

Swiss Banks Team With Fintechs to Enter the Crypto Space

Swiss Banks Team With Fintechs to Enter the Crypto SpaceMultiple joint projects between banks and crypto companies based in Switzerland now offer customers the opportunity to invest in digital assets and take advantage of banking services related to cryptocurrencies. It’s all happening in a regulated environment, generally friendly towards the growing crypto industry. The latest partnership between a traditional institution and a fintech startup […]

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Suite of Crypto Services Including Mining, Trading, Custody to Leverage Nasdaq Framework

Suite of Crypto Services Including Mining, Trading, Custody to Leverage Nasdaq FrameworkNasdaq and Bcause have announced that a suite of new cryptocurrency services will be offered via the Nasdaq Financial Framework. These services include crypto mining and custody solutions, as well as spot and derivatives trading. They are expected to attract a broad range of users including “a new breed of investors wanting to participate in […]

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Online Bank Swissquote to Add Crypto Custodial Service

Online Bank Swissquote to Add Crypto Custodial ServicesLack of access to custodians that institutional investors know and trust is seen as a major hurdle for growing the sector. Thankfully, the demand has caused a flurry of companies to enter the business, with the latest being online bank Swissquote. Also Read: UK Regulator: 3% of Brits Have Bought Cryptocurrency Swissquote to Use Services […]

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Pantera Predicts Institutions to Invest in Crypto After Next Bull Trend is Established

Dan Morehead, the chief executive officer of Pantera Capital, recently discussed the cryptocurrency bear trend on an episode of the Unconfirmed podcast. Morehead argued that the crypto sector has much more robust fundamentals than it did during the previous bear trend, asserting that the industry has developed the infrastructure necessary in order to attract institutional […]

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Quadrigacx Cold Wallet Was Stored in a Safety Deposit Box

Quadrigacx Private Keys Were Held in Safety Deposit Box During 2014In a 2014 appearance on the True Bromance Podcast, Gerry Cotten, the late CEO of embattled Canadian cryptocurrency exchange Quadrigacx, made comments indicating that the exchange was storing customer funds using paper wallets. Cotten also compared losing the private keys for a bitcoin wallet to “burning cash.” Also Read: Market Cap: A Flawed Ranking System for […]

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Fidelity Announces Institutional Crypto Platform is in ‘Final Testing’

Fidelity has published an update announcing that its highly anticipated cryptocurrency exchange and custody platform, Fidelity Digital Asset Services (FDAS), has entered its “final testing” phase. The financial services provider also stated that it is exclusively serving a “select set of eligible clients” while developing the platform. Also Read: Properties Are Still Being Sold for Cryptocurrency […]

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The Daily: Bittrex Opens OTC Desk, Bakkt Acquires Futures Team

The Daily: Bittrex Opens OTC Desk, Bakkt Acquires Futures FirmIn today’s edition of The Daily, we cover a number of stories that show how the cryptocurrency ecosystem is evolving to become more inviting to institutional investors. Bittrex exchange opens an OTC trading desk, Bakkt “acquihires” a futures compliance team, and Swiss investment bank Vontobel launches a custody solution. Also Read: Bitwise Asset Management Files […]

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Analysis: Understanding the SEC’s Stance on Crypto

Last year the U.S. Securities Exchange Commission took enforcement action against initial coin offerings and other crypto companies perpetrating fraud. Many believe 2019 will be the year when regulators clamp down on rogue cryptocurrency operators. Here we decode the overlapping and occasionally contradictory stance taken by U.S. regulators, and consider what the market can expect. […]

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Japan Publishes Draft Report of New Cryptocurrency Regulations

Japan Publishes Draft Report of New Cryptocurrency RegulationsJapan’s Financial Services Agency has published its draft report outlining new cryptocurrency regulations. The report contains measures in areas that are not currently addressed in existing laws such as hacking incidents, self-regulation, deemed dealers, privacy coins, and margin trading. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations New Crypto Regulatory Framework […]

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SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval

SEC Chair Explains Key Upgrades Needed for Bitcoin ETF ApprovalThe chairman of the U.S. Securities and Exchange Commission (SEC) has outlined the key changes in cryptocurrency markets he needs to see before he is comfortable with a bitcoin ETF. While some solutions to the problems he mentioned have already been implemented, the chairman insists on seeing more improvements. Also read: Indian Supreme Court Moves Crypto Hearing, […]

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Canadian Court to Take Custody of Quadrigacx Funds, NYDIG Gets Bitlicense

Canadian Court to Seize Quadrigacx Funds, NYDIG Secures 14th BitlicenseIn recent regulatory news, a Canadian court plans to take custody of $19.5 million of funds that Quadrigacx deposited with the Canadian Imperial Bank of Commerce before they were frozen due to competing ownership claims. Also, New York state regulators have granted the 14th Bitlicense to New York Digital Investment Group, and it has been […]

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The Daily: Nexo to Pay Interest on Stablecoins, Startups Launch Bank Services

The Daily: Nexo to Pay Interest on Stablecoins, Crypto Startups Launch Services for BanksIn this edition of The Daily, we cover Nexo’s recent decision to pay interest on stablecoin holdings, as well as a project by two Swiss cryptocurrency companies to offer exchange and custodial solutions for financial institutions that handle digital assets. We also look at Bitfinex’s newly updated app for “on-the-go” traders.  Also read: Security Startup Raises […]

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Fidelity Launching Crypto Custody and Trading Services

Fidelity Launching Crypto Custody and Trading ServicesFidelity Investments has announced the launch of a new company dedicated to providing cryptocurrency services including custody and trade execution. The services will be available to institutional investors such as hedge funds, family offices, and market intermediaries. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals New Crypto Company Formed Leading financial services […]

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Bank of America Files Patent for Cryptocurrency Custody System

Bank of America Files Patent for Cryptocurrency Custody SystemThe Bank of America Corporation has filed with the U.S. Patent and Trademarks Office for a secure means for the storage and custody of cryptocurrencies. The filing describes a system for recording and storing data pertaining to cryptocurrency transactions designed for enterprises. Also Read: UK Banks Freeze Company’s Accounts After Owner Traded on Localbitcoins Bank of […]

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Exchanges Round-Up: Goldman Considers Crypto Custody, SA Exchange Launches USDT

Exchanges Round-Up: Goldman Considers Crypto Custody, SA Exchange Launches USDTIn recent news pertaining to cryptocurrency exchanges, it has been reported that Goldman Sachs is considering exploring custody and other services pertaining to cryptocurrencies; a South African exchange has introduced Tether pairings in the hopes of driving down the local premium on crypto prices through offering arbitrage opportunities to foreign traders; and Blockex has announced […]

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Swiss Banks Are Onboarding Crypto Clients and Assets

Another Swiss private bank has announced in a statement that it’s open to on-board cryptocurrencies. Maerki Baumann private bank in Zurich is open to accepting assets that were generated with cryptocurrencies, “under the condition that strict regulatory and legal requirements are fully complied with,” Managing Director Stephan Zwahlen told news.Bitcoin.com. Also read: Many Swiss Bankers and Financial […]

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Bitcoin ETF Rejection Sparks Firm’s Public Protest

Bitcoin ETF Rejection Sparks Firm’s Public ProtestSmarting from its bitcoin exchange traded fund (ETF) denial by the United States Securities and Exchange Commission (SEC), Van Eck is pushing back in a formal letter of protest. A public response published on the SEC’s site methodically addresses each concern the regulator used in its rejection: valuation, liquidity, custody, arbitrage, and manipulation. Also read: […]

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Australian Firms Partner to Provide Crypto Custody Services

Australian Firms Partner to Provide Crypto Custody ServicesDecentralised Capital, an Australian advisory firm “specializing in blockchain assets” and “asset management services,” has announced a partnership with Custodian Vaults, an Australian private vaulting company, to offer insured cryptocurrency custody services to the Australasian market. Also Read: Have You Tried Blockchain 5.0 Yet? Nobody Else Has Either Decentralised Capital and Custodian Vaults Partner to Provide […]

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Crypto Custody Poses Barrier to Institutional Investment

Crypto Custody Poses Barrier to Institutional InvestmentCryptocurrency analysts are increasingly arguing that the lack of custody services provided by leading players from within the finance industry pose a significant barrier to institutional investors seeking exposure to the cryptocurrency markets. Also Read: Policy Easing, New Crypto Classification in South Korea Lack of Crypto Custody Services Comprises Serious Issue for Institutional Investors A number […]

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Switzerland’s Main Stock Exchange Dives Deep Into Crypto

Switzerland’s Main Stock Exchange Dives Deep Into CryptoSwitzerland’s principal stock exchange has announced that it is building a platform for the trading, settlement, and custody of digital assets. This announcement follows reports of government officials working on giving crypto businesses access to banking services. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space SIX Launching Digital Exchange SIX, the operator of Switzerland’s […]

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