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Microstrategy’s $250 Million Bitcoin Buy Consequential
2.9.2020
When a publicly owned company decides to invest about $250 million in an asset that was widely attacked more than a decade ago, it says a lot about how the world has changed. The reasons and the timing of Microstrategy’s bitcoin incursion could not have come at a better time for...
OCC Chief Says Americans Gravitating Toward Digital Currencies: Urges Banks to Embrace Innovation
21.8.2020
Brian Brooks, the acting comptroller of currency at the U.S. Office of Comptroller of Currency (OCC), says America must adopt digital currency payment rails if the country hopes to compete with global payment rails in the future. He insists changing consumer needs must be prioritized over...
South Korea’s Largest Bank Unveils Bitcoin Custody Services
9.8.2020
KB Kookmin Bank (KB), the largest commercial bank in South Korea, has agreed on a deal with blockchain venture fund Hashed and crypto exchange Cumberland Korea to offer bitcoin custody services. In January, the government-owned bank filed its trademark application for digital assets custody with...
Government-Owned Swiss Bank Launching Crypto Trading and Custody Services
4.8.2020
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...
Bitcoin Suisse Completes a $48 Million Series A Financing Round
25.7.2020
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...
US Regulator Green-Lights Banks for Cryptocurrency Custody Services
23.7.2020
The Office of the Comptroller of the Currency (OCC) has clarified that national banks and federal savings associations can provide cryptocurrency custody services for customers. The OCC sees banks providing crypto custody services as “a modern form of traditional bank activities related...
BitGo Now Supports Custody and Staking of Tezos’ XTZ
23.7.2020
The addition expands BitGo’s proof-of-stake offerings, first unveiled last October
Fidelity Digital Assets to Custody Bitcoin in Kingdom Trust Retirement Accounts
14.7.2020
Kingdom Trust CEO Ryan Radloff hopes the partnership with Fidelity will nudge the investment giant closer to serving retail crypto investors
Nomura-Backed Crypto Custody Venture Launches After 2 Years in the Works
19.6.2020
CoinShares, Nomura Bank, and crypto security firm Ledger have formally launched a digital asset custody business targeting institutional investors
This Liechtenstein Bank Can Now Custody Crypto
12.6.2020
Mason Privatbank Liechtenstein is aiming to cater to both crypto-focused investors and asset managers who are looking to diversify their portfolios
Germany’s Crypto Custody Law Hits a Snag: Startups Can’t Get Bank Accounts
7.4.2020
Even though the crypto custody law falls under the German banking act, German banks are hesitant to give crypto firms bank accounts
BitGo Allows Customers to Extend Crypto Insurance Cover Over $100M
18.3.2020
BitGo customers can now boost their insurance limits beyond $100 million to cover the loss or destruction of crypto stored in special vaults
If You Don’t Trust Yourself, These Crypto Vaults Will Help You Hodl Safely
18.3.2020
Hodling in difficult times has historically proven to be a long-term winning strategy. Keeping your cryptocurrency in your own cold storage is by default a good idea as far as security is concerned. But if you don’t trust yourself to not lose a small hardware device or a piece of paper, then...
Germany’s Bitcoin Group Welcomes Licensing for Crypto Custodians, Expects Competition From Banks
13.3.2020
Bitcoin Group SE, a prominent member of the European crypto industry, has been preparing to apply for permission to conduct crypto custody activities in its home country, Germany. The providers of such services in the Federal Republic are now recognized as financial institutions. Bitcoin Group...
IBM’s Public Cloud Is Secure Enough for Crypto Custodians
3.3.2020
Announced Tuesday, the latest offering from Onchain Custodian is hosted entirely on Big Blue’s banking-grade public cloud
Caitlin Long on Coronavirus, Crypto Custody and Building a Bank
24.2.2020
A new crypto bank tries to address some of the most fundamental issues for institutions who want to get into the space
Boerse Stuttgart: New German Crypto Regulation Poised to Attract Institutional Investors
20.2.2020
Since the new German crypto regulation went into effect, financial institutions in Germany have been preparing to offer crypto custody services. Among them is Boerse Stuttgart, the country’s second-largest stock exchange. Having obtained a provisional license from BaFin, the regulator...
Boerse Stuttgart Subsidiary Launching Institutional Crypto Custody Services
18.2.2020
Blocknox, a subsidiary of the second largest German stock exchange, is expanding its crypto custody service to institutional players
Germany’s BaFin Clarifies Licensing Process for Foreign Crypto Custodians
6.2.2020
In its latest guidance released in January, the regulator said firms already custodying digital assets for Germans would not be penalized for not having a license. Instead, they’d be grandfathered into the same protection that crypto custody firms based in Germany already have under the new law
Canadian Regulatory Group Targets Crypto Exchanges Holding Users’ Digital Assets
17.1.2020
Canada's top financial watchdog has told crypto exchanges they will be subject to securities law if they act as custodians to users' digital assets