Hackers and fraudsters are attracted to crypto like flies to honey. This makes crypto custody a high-stakes business, as opposed to custodying traditional assets like stocks and bonds, which is considered to be a crucial but fairly straightforward job. The high stakes come with the high risk of safeguarding crypto,…
Fireblocks’ tech will help Binance.US scale up staking services for its relatively long list of staked crypto tokens. Earlier this year, the SEC told Binance.US to be more forthcoming in answering requests for information, specifically mentioning custody of customers’ assets. Why Proof-of-Stake Works Like a ‘Pawn Shop’: 5 Questions With…
The United Kingdom Financial Conduct Authority has rejected 87% registration requests of crypto firms. UK FCA has only accepted 4 registrations out of 35 submissions in the last 12 months. This information has been revealed in the UK FCA annual report for 2024. But why did the UK reject so…
The Financial Conduct Authority said more 87% of crypto registrations received in 2023-24 fell short of meeting approval standards. The FCA has been overseeing the crypto sector in the U.K. and registering firms under its anti-money laundering rules since 2020. The U.K.’s financial regulator said a full 87% of crypto…
During a press conference at Korea Blockchain Week 2024 in Seoul, fintech firm Ripple Labs’ CEO Brad Garlinghouse predicted the ouster of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, whatever the outcome of the looming presidential election. According to a report in the Korean Herald, Garlinghouse said he…
According to a Sept. 3 statement, 21.co, the parent company of 21Shares, has introduced its Wrapped Bitcoin product (21BTC) on the Ethereum blockchain. The company stated that it was collaborating with Flow Traders, a leading global market maker, to launch a product that would give customers “peace of mind as…
PayPal’s PYUSD reached $1 billion in supply, per CoinMarketCap data. The stablecoin benefited from its expansion to the bustling Solana ecosystem, with its supply on the network already surpassing that on the Ethereum blockchain. Yield incentives on DeFi protocols played a “huge role” in the growth, 21.co’s Tom Wan said.…
Institutions that use Fireblocks for crypto key management workflows will work seamlessly with M^0’s stablecoin-minting and validation software. The protocol aims to fill the gap between existing stablecoin systems, where all the yield goes to either the token issuers or the token holders. How Blackbird Brings Dining Experiences On-Chain How…
Decentralized finance adoption has been slow due to security concerns about using the new technology, Zenrock says. Zenrock aims to address the one-point-of-failure risk with existing custody models by operating a decentralized MPC wallet. DeFi hacks remain a major threat to the crypto industry, according to blockchain security firm Halborn.…
This article originally appeared in First Mover, CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. Latest Prices CoinDesk 20 Index: 1,950 +3.9% Bitcoin (BTC): $60,661 +4.4% Ether (ETH): $2,653 +3.0% S&P 500: 5,608.25 +1.0% Gold: $2,562 +2.4%…