Tag Archives: Cold Storage

Japan’s SBI Invests $15 Million In Crypto Card Wallet Maker Tangem

Japanese financial services giant SBI Group has invested $15 million in Swiss startup Tangem, maker of a slimline hardware wallet for cryptocurrencies. Tangem describes its crypto storage product as a “smart banknote for digital assets.” Designed to be used like a bank card, the product allows off-chain physical transactions to be used, for example, for in-store payments, once… Read More »

Goldman Sachs-Backed Startup Unveils Cold Storage Cryptocurrency Trading

Palo Alto-based blockchain security company BitGo has developed a platform which will enable traders to buy and sell cryptocurrencies without having to take it out of cold-storage.  A Focus on Security Days after the cryptocurrency exchange Cryptopia got hacked, Palo Alto-based security company, BitGo, announced that it has developed a platform allowing traders to buy and sell digital… Read More »

Genesis Partners With Blockchain Security Firm to Provide Direct Custody Operations

Blockchain security firm BitGo has partnered with Bitcoin (BTC) over-the-counter (OTC) trading platform Genesis Global Trading. The partnership intends to allow clients to trade crypto directly from BitGo custody, according to a press release posted today, Jan. 16. Following the recent acquisition of a crypto custodian qualification, BitGo has endeavored to improve its custodial services by protecting clients’… Read More »

Community backlashes Bittrex For Moving Huge Chuck of Cryptos Assets Without Prior Intimation

Bittrex is considered one of the safest exchange in the cryptocurrency industry and is pretty transparent about its operations. But the exchange failed to intimate the users and community this time as it moved nearly 400000 ETH and 130000 BTC without prior update signalling false whale movement. Reorganizing and adding more cold storage lead to this movement In the… Read More »

Bermuda Financial Regulator Releases Draft Regulation for Crypto Custodial Services

Bermuda’s financial regulator has released draft regulation for crypto custodial services, according to an official press release issued on Tuesday, Dec. 18. The Bermuda Monetary Authority’s (BMA) draft regulatory document, entitled “Digital Asset Custody Code of Practice,” seeks to clarify the regulator’s stance on crypto custodial services in Bermuda and to protect clients’ assets. The document provides a… Read More »

Coinbase Moves $5 Billion, Reports Largest Crypto Transfer on Record

Major cryptocurrency exchange and wallet Coinbase recently made what it claims is the largest transfer of crypto on record, a company blog post reports Dec. 19. According to the post, 5 percent of all Bitcoin (BTC), 8 percent of all Ethereum (ETH), and 25 percent of all Litecoin (LTC), along with “many other assets” were moved to new… Read More »

The Crypto Insurance Market May Total $6 Billion. That’s Nowhere Near Enough

As Wall Street raises the stakes around cryptocurrency, large institutional players are circling this new asset class and bringing with them their own set of requirements. For example, there’s a need for qualified custodians to hold the assets these big-money investors will trade, as in the traditional, regulated financial realm. But a less-discussed yet critical condition for making… Read More »

HTC Exodus Phones Preparing to Ship in December (With More Questions Than Answers)

Pre-orders of purchased HTC Exodus phones are set to ship in December. HTC is hyping the technology as a viable tool for the blockchain and cryptocurrency community, but many are still skeptical. Taiwanese firm HTC Corporation made headlines back in May after announcing plans for the first native blockchain smartphone, dubbed the HTC Exodus. In October, HTC made… Read More »