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French Regulator Revises Crypto Rules to Align With EU’s MiCA Law
13.8.2023
France’s financial market regulator said it’s adjusting the rules for crypto companies in line with Europe’s new regulatory framework. The changes, which will enter into force next year, seek to enhance registration requirements for businesses offering certain services for digital assets like...
Why Nasdaq Backing Out of Custody Is Bad, Bad News for Crypto
20.7.2023
If a financial giant can’t navigate the red tape, who can?
Bitcoin Exodus: Over 855,000 BTC Withdrawn From Exchanges Since July 2020
12.7.2023
According to current data, about 2,086,034 bitcoins were held on exchanges as of July 11, 2023. This figure is 154,160 bitcoins less than the number held on centralized trading platforms 72 days earlier, on April 30. The number of bitcoins on exchanges has significantly dropped since July 31, 2020...
Citigroup Reviews Partnership With Metaco, in Talks With Other Crypto Custodians: Bloomberg
30.6.2023
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
Ledger Unveils Tradelink: A Custodial Crypto Trading Platform Tailored for Institutions
28.6.2023
On June 28, the crypto hardware wallet manufacturer and security firm Ledger unveiled its latest offering, a digital currency exchange and custodial solution service, specifically tailored for institutions. The new service, known as Tradelink, has been heralded by Ledger as “the first open network...
Bitgo Abandons Acquisition of Prime Trust Amidst Nevada-Based Custodian’s Ongoing Uncertainty
22.6.2023
On June 22, 2023, Bitgo, a digital assets firm and crypto custodian, declared the termination of its planned acquisition of custodian Prime Trust. The company cited a “considerable effort” in attempting to chart a course for Prime Trust’s future. Bitgo Cancels Prime Trust Acquisition...
Crypto Custody Firm BitGo Cancels Acquisition of Rival Prime Trust
22.6.2023
Prime Trust has been losing clients and deposits to competitors for weeks amid mounting concerns over its business, a source at one former client told CoinDesk
Subpoena Evasion: 3AC Asks Court to Fine Kyle Davies $10,000 Daily for Non-Compliance
18.6.2023
In February, it was reported that Kyle Davies, the co-founder of Three Arrows Capital (3AC), faced allegations of evading subpoenas related to the collapse of the defunct Singapore cryptocurrency hedge fund. The current custodians of the 3AC estate are now pursuing a daily fine of $10,000 against...
Crypto Custody Firm BitGo Reaches Preliminary Agreement to Buy Prime Trust: Source
8.6.2023
Cryptocurrency custody firm BitGo is seeking to buy Prime Trust, another crypto custody specialist regulated in the state of Nevada, according to a person familiar with the matter
US Lawmakers Urges the SEC To Include State-Regulated Custodians in New Rule
26.5.2023
Lawmakers urged a US regulator to not further limit certain financial stakeholders in its proposed rule tightening cryptocurrency custody requirements.
Republican Rep. Mike Flood of Nebraska and Democratic Rep. Ritchie Torres of New York sent a letter to the Securities and Exchange Commission...
Expect Ripple Deal to Set Off Crypto Custodian M&A, Says Advisory Firm
18.5.2023
Ripple purchased custodian Metaco for $250 million, and regulatory and market conditions could lead to further deals, says Architect Partners
Dfinity Foundation Launches Chain-Key Bitcoin, a Native Internet Computer BTC Derivative Token
3.4.2023
On April 3, 2023, the Dfinity Foundation, a development team behind the Internet Computer (ICP) network, announced the launch of a native ICP token called “chain-key bitcoin” or “ckBTC.” The bitcoin derivative is backed 1:1 with the leading cryptocurrency asset....
Crypto VC Firm Pantera Used Silicon Valley Bank as a Custodian
10.3.2023
A regulatory filing shows the shuttered bank as one of three custodians for Pantera’s funds
89% still trust centralized custodians despite 2022's collapses: Survey
8.3.2023
A January survey from Paxos found that 89% of respondents still trusted “intermediaries” to hold their crypto, despite the collapses and bankruptcies in 2022
SEC chair implies crypto exchanges may be ‘qualified custodians’ as new rule is drafted
2.3.2023
Gary Gensler praises the SEC Investor Advisory Committee’s proposed rule on safeguarding advisory client assets, but thinks crypto firms may not be up to snuff
SEC Chair Gensler Says Crypto Exchanges May Not Be 'Qualified Custodians'
2.3.2023
SEC Chairman Proposes Amending Federal Custody Rules to Cover ‘All Crypto Assets’
16.2.2023
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has proposed amending federal custody rules to cover “all crypto assets.” The SEC chief said: “Though some crypto trading and lending platforms may claim to custody investors’ crypto, that does not mean they...
SEC Proposal Could Bar Investment Advisers From Keeping Assets at Crypto Firms
15.2.2023
The U.S. Securities and Exchange Commission (SEC) is set to propose a rule that would effectively require registered investment advisers to go outside the crypto industry for storing digital assets, according to its first formal policy push that leans heavily into the cryptocurrency sector
SEC to target crypto firms operating as 'qualified custodians' — Report
14.2.2023
If a majority of the five-member SEC panel votes in favor of the draft proposal, it will proceed to the next stage, which will be reviewed by other members of the SEC
Custodians Could Sweep Up Following FTX Collapse: Strategist
17.11.2022