The latest proof of reserves shows that the exchange is 103% collateralized with bitcoin, ether, and USDT.
Bitcoin Asset Manager Onramp Unveils Multisig Platform, Adds BitGo to Custodians
Onramp is harnessing multisig security, in which multiple custodians control the private keys to the bitcoin being held, tapping BitGo to perform this role alongside Coincover and Kingdom Trust.
Nomura-Backed Komainu Joins Crypto Custodian Copper’s ClearLoop Network
Komainu clients will be able to benefit from the firm’s on-chain custody while gaining access to off-exchange settlement over ClearLoop.
Bitcoin Miner Marathon to Custody Some of Its BTC With Fidelity Digital
The miner is adding Fidelity to diversify its bitcoin (BTC) custody.
Bitcoin Financial Services Firm Swan Unveils ‘Collaborative Custody’ Service
Swan and Blockstream’s aim is to allow users to retain ultimate control of their bitcoin (BTC) while knowing that is stored in a highly secure way.
Bitfinex to Enhance Clients’ Assets Security Using Zodia Custody’s Interchange Product
Zodia’s Interchange allows clients to keep their assets on its platform, while their holdings are mirrored and available on an exchange for trading.
SEC’s Gensler Throws More Crypto Punches in Congressional Hearing
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler continued his combative stance against crypto “hucksters” in congressional testimony on Wednesday, declining to answer the industry’s most urgent questions while arguing that digital assets companies have been dangerously careless with customer assets.
CZ Denies Binance.US Used Ceffu or Binance Custody in Apparent Contradiction
Binance.US previously told a DC court it used custody software offered by Binance’s international arm that was later rebranded Ceffu.
Binance Is Supposedly Separate From Crypto Custodian Ceffu. The SEC Has Questions
As regulators prepare to square off with one of the world’s biggest crypto exchanges in court, Ceffu has denied any ties to Binance or U.S. operations. The reality is murkier.
German Finance Heavyweights Develop Fully-Insured Crypto Staking Offering, Plan 2024 Release
Boerse Stuttgart Digital, the crypto-focused arm of the Stuttgart Stock Exchange, has already obtained a digital asset custody license in Germany.
BitGo, Swan to Form Bitcoin-Only Trust Company
“It’s important to us to build a custodian without the risks of securing many altcoins within the same trust company as bitcoin,” Cory Klippsten, CEO of Swan, said.
Deutsche Bank taps Taurus for global crypto custody services
Deutsche Bank is set to offer customers cryptocurrency custody options through a partnership with cryptocurrency infrastructure platform Taurus.
Phishing Attack on Cloud Provider With Fortune 500 Clients Led to $15M Crypto Theft From Fortress Trust
A phishing attack on Retool led to the theft, which helped spur Fortress Trust’s agreement to sell itself to Ripple, sources said.
Zodia Custody Looks to Drive Institutional Access to Polkadot Ecosystem
The company plans to provide custody for the Polkadot ecosystem, offering digital asset storage services for financial institutions
Banking Powerhouse HSBC Working With Crypto Custody Firm Fireblocks: Sources
Fireblocks, which specializes in cryptocurrency safekeeping technologies such as multi-party computation (MPC), already works with BNY Mellon and BNP Paribas.
Crypto Custody Firm Qredo Integrates Circle’s USDC Stablecoin
The new toolkit allows USDC to be the ultimate gas token on any blockchain.
Why Wealth Managers Are Choosing These Crypto Accounts
Separately managed accounts have seen explosive growth in TradFi, and there are benefits in crypto, too.
BitGo Signs Strategic Agreement With Korean Heavyweight Hana Bank
The Californian company will develop custody services and security solutions, local media reported.
Bitcoin Holdings on Crypto Exchanges Dwindle to 2M, Fewest Since January 2018
The number of BTC held in wallets tied to crypto exchanges has declined by 4% this month, data tracked by CryptoQuant show.
No, Bitcoin withdrawals from exchanges are not inherently bullish for crypto
Traders say the record-low number of BTC held on exchanges is a bull signal, but data suggests otherwise.