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Crypto’s Future Will Be Based on Self-Custody and Regulation: Kraken's Dave Ripley
23.11.2022
The interim chief executive discusses why the future of crypto will be based on proof-of-reserves and thoughtful regulation
Austrian Crypto Exchange Bitpanda Secures Trading License From Germany’s BaFin
23.11.2022
Crypto exchange and custody platform Bitpanda announced on Nov. 22 that it had received a crypto trading license from Germany’s Federal Financial Supervisory Authority. According to Bitpanda, securing a license means it has become the “first European retail investment platform to meet...
Coinbase CEO Says Company Holds 2 Million Bitcoin, Reminds People Firm’s ‘Financials Are Public’
22.11.2022
According to Coinbase CEO Brian Armstrong, as of Sept. 30, 2022, the company holds 2 million bitcoin worth $39.9 billion. The news Armstrong shared comes at a time when the general public is looking directly at exchange balances following FTX’s turbulent collapse. Coinbase Co-Founder Shares...
Brazilian Bank Itau Unibanco to Offer Cryptocurrency Custody Services in 2023
21.11.2022
Itau Unibanco, one of the biggest Brazilian banks, has announced it will offer cryptocurrency custody services in 2023. Itau Digital Assets, the cryptocurrency unit of the company, will be responsible for this offering, which will be first available to customers of the bank, and then to third...
Celsius had 'insufficient' accounting and operational controls, says examiner
21.11.2022
The examiner revealed that Celsius’ digital assets in its customer’s Custody wallets account officially became underfunded on Jun. 11
Binance’s Bitcoin Reserve Stash Nears 600,000, Company’s BTC Cache Is Now the Largest Held by an Exchange
20.11.2022
While there’s been a lot of discussions concerning proof-of-reserves, self-custody, and the more than $5 billion in bitcoin and ethereum that left exchanges between Nov. 7 through Nov. 14, 2022, Binance’s bitcoin stash has grown significantly since Nov. 12. In fact, metrics from...
Bitcoin․com Announces ‘CEX Education Program’ to Reward Victims of Centralized Crypto Failures and Bolster DeFi
20.11.2022
Bitcoin.com announced the creation of a program that will reward people affected by centralized crypto company insolvencies while encouraging the adoption of decentralized finance and self-custody. The CEX Education Program will draw its resources from Bitcoin.com’s wallet token VERSE, which...
GBTC Manager Insists the ‘Holdings of Grayscale’s Digital Asset Products Are Safe and Secure’
19.11.2022
On Nov. 18, 2022, at 5:47 p.m. (ET), Grayscale Investments’ official Twitter account shared information on the safety and security associated with Grayscale’s digital asset products. The update from Grayscale follows the recent FTX collapse that has shaken crypto investors,...
Grayscale cites security concerns for withholding on-chain proof of reserves
19.11.2022
Grayscale shared a letter from Coinbase Custody attesting that each of Grayscale’s crypto products is fully backed, but stopped short of providing the wallet addresses
Crypto self-custody a ‘fundamental human right’ but not risk-free: Community
18.11.2022
Ethereum co-founder Vitalik Buterin warned that risks of having bugs in smart contracts are still present when opting for self-custody
Nigerian Web3 Startup Says Funds Are Stuck With FTX, Lays Off Employees
17.11.2022
Nestcoin, a Nigerian Web3 startup which got an investment from Alameda Research in 2021, revealed on Nov. 14 that it had “a significant proportion of stablecoin investment” stuck at FTX. According to the startup’s CEO, laying off some employees allows the company to focus...
Report: Genesis Global Trading’s Lending Unit Suspends Withdrawals and New Loan Originations
16.11.2022
Following Blockfi, Liquid Global, and Salt Lending halting withdrawals, reports indicate that Genesis Global Trading’s lending unit has halted customer withdrawals. Genesis’ interim chief executive officer Derar Islim said that the company’s trading and custody units were still operational....
Crypto Exchange PowerTrade to Offer Custody Services to Institutional Clients
14.11.2022
The exchange’s tie-in with Copper will allow clients to minimize counterparty risk, said the company
Exchange outflows hit historic highs as Bitcoin investors self-custody
14.11.2022
Confidence in centralized exchanges appears to be waning as Bitcoin flows into self-custody wallets at near-record levels
CZ and Saylor urge for crypto self-custody amid increasing uncertainty
14.11.2022
Binance CEO Changpeng Zhao said self-custody is a “fundamental human right,” while Michael Saylor said self-custody is necessary to prevent powerful actors from accumulating and abusing power
Binance CEO Zhao Pushes for Crypto Self-Custody; Trust Wallet Token Soars 80% to Record
13.11.2022
"Self-custody is a fundamental human right," Zhao tweeted, persuading people to use Trust Wallet to take complete control of their coins
$3 billion in Bitcoin left exchanges this week amid FTX contagion fears
13.11.2022
It appears that more investors are choosing to self-custody their BTC funds in the wake of the FTX scandal and fallout
Web3 Must Overcome Significant UX Challenges to Reach Mass Adoption
12.11.2022
User experience (UX) design affects nearly every waking moment of our lives. It’s not just digital either. Have you ever thought about the UX of doors? Perhaps a brief refresher of what UX is, will help. A useful definition of UX is as follows: ”A person’s perception and responses that result from...
Maintaining decentralization: Are custody services a threat to DeFi protocols?
10.11.2022
DeFi ecosystems try to live up to crypto’s decentralized ethos, but single-token governance protocols could prove a challenge
Cross-ecosystem Platform Evmos Partners With Anchorage Digital to Offer Custody and Staking
9.11.2022
The announcement comes following the company’s $27 million token sale