While crypto firms have been trying to build the crypto equivalent of PayPal, the company itself will soon enter the industry. The crypto world has been buzzing with excitement over the last couple of days, and rightfully so. Bitcoin (BTC) is currently hovering around the $13,000 mark, while Ether (ETH) has once again safely tread […]
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Wrapped Bitcoin is now even safer with Chainlink oracles checking custody wallets every ten minutes. Wrapped Bitcoin custodian BitGo has adopted Chainlink’s Proof of Reserve mechanism in order to boost the transparency and auditability of the tokenized asset for DeFi protocols. The functionality, which is currently live on testnet, enables Ethereum-based dApps to completely automate […]
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Australian crypto firm DigitalX Ltd. is launching a Bitcoin fund, seeded with roughly $1.9 million of its own holdings in cryptocurrency. Australian crypto firm DigitalX Ltd. is launching a Bitcoin (BTC) fund, seeded with roughly $1.9 million of its own holdings in cryptocurrency. According to a news release published on Nov. 13, the new fund […]
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Unlike fiat currency, Bitcoin and other cryptocurrencies are unique in that you can engage in self-custody of your digital assets. This utility enables it to compete with traditional monetary systems. If you’re able to maximize this advantage, you can protect your own crypto assets as you accrue digital wealth. When world powers are using different […]
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NYSE Arca has filed a proposed rule change with the U.S. SEC for an application to list shares in a bitcoin investment trust. NYSE Arca has filed a proposed rule change with the United States Securities and Exchange Commission (SEC) for an application to list shares in a bitcoin (BTC) investment trust that would be […]
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Bakkt is pursuing self-certification as a licensed bitcoin custodian, as it looks to obtain CFTC approval for the launch of its physically backed BTC futures contracts. The Intercontinental Exchange (ICE) is reportedly taking steps to ensure approval from the United States Commodity Futures Trading Commission (CFTC) for its bitcoin futures contracts platform — Bakkt. ICE, […]
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Crypto exchange Gemini Trust Company, LLC has obtained insurance coverage for custodied digital assets from lending services firm Aon. Cryptocurrency exchange and custodian Gemini Trust Company, LLC (Gemini) has secured insurance coverage for custodied digital assets from lending services firm Aon, according to a press release published Oct. 3. Founded in 2014 in New York […]
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Coinbase is vying for US regulatory approval of its digital asset custodianship services. If they meet the strict guidelines, they may attract a wave of new institutional investors to the industry. Competitors who are also in talks with regulators include Circle and BitGo. The investment bank, Nomura Holdings Inc. joined Ledger and Global Advisors in […]
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