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Tether has announced a strategic investment in self-custodial crypto wallet Zengo to enhance the security and accessibility of blockchain tools. In a press release shared to crypto.news, Tether (USDT)’s investment aims to help Zengo Wallet further develop its blockchain-based financial…
USDT
Tether
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Nomura-backed crypto custodian firm Komainu has secured $75 million in funding led by from Blockstream to accelerate global expansion. Komainu, a regulated crypto custodian built as a joint venture between Nomura, CoinShares, and Ledger, has raised $75 million from Blockstream…
BTC
Bitcoin
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Standard Chartered has launched a new entity in Luxembourg to provide crypto custody services across the European Union under MiCA regulation. British multinational financial giant Standard Chartered has launched a new entity in Luxembourg to offer crypto custody services to…
BTC
Bitcoin
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UK-based crypto firm Copper Technologies withdrew its registration to the FCA. Instead, its new CEO wants to shift the custodian’s focus towards securing operating licenses in the US and other countries. According to a Bloomberg report, crypto custodian firm Copper…
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Custodia Bank, a crypto-friendly Wyoming bank, said it plans to scale back its services as it prepares for policy reforms in the space. Custodia Bank, a bank founded by Bitcoin advocate Caitlin Long, is scaling back its operations as it…
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The Shanghai High Court has ruled that cryptocurrencies possess “property attributes” under Chinese law, affirming their value as virtual commodities. However, the court upheld China’s strict prohibition on using crypto for commercial activities such as token issuance and speculative trading,…
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Crypto custodian, Zodia Custody, aims to raise $50 million from investors to fuel its plans to branch out into new regions and expand its product range. According to a Bloomberg report on Nov. 4, Standard Chartered’s crypto custodian subsidiary Zodia…
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Digital asset investment firm Algoz has announced a strategic collaboration with regulated market maker and top over-the-counter desk Wincent. Algoz shared details of the new partnership via a press release sent to crypto.news on Oct. 30. This announcement follows Algoz’s…
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Crypto exchange OKX has selected Standard Chartered as its third-party crypto custodian, allowing institutional clients to meet growing demands for segregated custody solutions. OKX is joining forces with banking giant Standard Chartered to enhance its crypto custody services for institutional…
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Crypto custodian Cactus Custody has completed SOC 2 Type II audit by Deloitte to meet security standards across APAC. Asia’s cryptocurrency custodian Cactus Custody founded by Jihan Wu has completed the SOC 2 Type II compliance review conducted by Deloitte to…
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The United States and Nigeria have launched the Bilateral Liaison Group on Illicit Finance and Cryptocurrencies in an effort to counter cybercrime and illicit financial activities involving digital assets, such as cryptocurrency. This joint initiative, spearheaded by the U.S. Department…
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Crypto exchange WazirX is searching for a new custodian that can offer insurance for user funds, aiming to enhance security and minimize risk. Indian cryptocurrency exchange WazirX is actively seeking a new custodian partner that can provide insurance for user…
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The Pennsylvania House of Representatives has passed a bill that could impact how digital assets are used within the state. House Bill 2481, also known as the Bitcoin Rights Bill, was approved with a bipartisan majority of 176 votes to…
BTC
Bitcoin
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Komainu, a crypto custodian provider backed by Nomura Group, completed their first acquisition by buying Singaporean rival custodian Propine Holdings. According to an Oct. 22 Bloomberg report, Japanese Nomura-backed crypto custodian firm Komainu’s Propine purchase is still awaiting approval from…
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Crypto custodian firm Copper has appointed a new chief executive to double down on its presence in the U.S., Hong Kong, and Abu Dhabi. Copper, a crypto custodian and collateral management hub, announced the appointment of Amar Kuchinad as its…
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Ripple is entering the custodian space, unveiling a range of new services to assist financial institutions in managing crypto for their clients. According to a CNBC report on Oct. 10, the San Francisco-based blockchain firm wants to position the recently…
XRP
XRP
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