Standard Chartered's Zodia Custody is raising $50 million to enhance its crypto custody services amid rising competition. The funds are aimed at expanding into new markets.
Vitalik Buterin criticizes Michael Saylor for advocating crypto custody by big banks, calling the idea "batshit insane". The piece highlights the diverse opinions within the crypto community regarding asset security. Engagement with platforms like GeckoTerminal is essential for investors navigating market volatility.
BNY Mellon progresses towards crypto custody for ETFs after the SEC relaxes its stance on SAB 121 requirements.
Major banks are exploring opportunities to enter the growing digital asset custody market, highlighting increased interest from traditional financial institutions.
The US Federal Reserve issued a cease-and-desist order to United Texas Bank, highlighting deficiencies in anti-money laundering rules related to crypto firms.
Senator Cynthia Lummis is pushing for regulation focused on Bitcoin self-custody to protect investors, revealing a growing pro-crypto stance in the US.
The U.S. Senate has passed a bill challenging an SEC rule on cryptocurrency custody, which is now awaiting the President's decision amidst a potential veto threat.
Financial advisors are learning to balance innovative crypto custody solutions with risk management to enhance client portfolios.
The Senate is voting to dispose of the SEC's contentious crypto custody policy, SAB 121, amid widespread disapproval.
Fireblocks, a crypto custody firm, has launched DeFi threat detection tools for institutions, covering decentralized applications across 40+ blockchains and integrating with WalletConnect, its browser extension, and MetaMask Institutional.
The UK plans to introduce new legislation by mid-2024 to regulate crypto activities like staking, trading, and custody, including stablecoins.
Germany's LBBW, the largest state-backed bank, partners with Bitpanda to provide crypto custody services targeting corporate clients, slated for launch in late 2024.
