Custody

Powers On… Don’t worry, Bitcoin’s adoption will not be stopped

Source Node: https://cointelegraph.com/magazine/2021/09/30/powers-on-bitcoins-adoption-will-not-be-stopped
Time Stamp: September 30, 2021 9:08 AM - Modified On: September 30, 2021 - Published By:
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In a series of  recent interviews and speeches, United States Securities and Exchange Commission Chairman Gary Gensler has called the cryptocurrencies market the “Wild West” due to its unregulated and allegedly fraud-filled atmosphere, predicting that the coins were doomed to fail. Powers On… is a monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint with the SEC. He is now an adjunct professor at Florida International University College of Law, where he teaches

MassMutual-owned fintech Flourish launches a new service to connect financial advisory clients with bitcoin

Source Node: https://www.theblockcrypto.com/post/119140/massmutual-owned-fintech-flourish-launches-a-new-service-to-connect-financial-advisory-clients-with-bitcoin?utm_source=rss&utm_medium=rss
Time Stamp: September 30, 2021 9:00 AM - Modified On: September 30, 2021 - Published By:
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A fintech company owned by MassMutual is launching a service that lets registered investment advisors (RIAs) and their clients tap into bitcoin investments.Flourish’s new service, dubbed Flourish Crypto, reflects the growing intersection between traditional finance and the digital asset space, and it’s a bet on what the company says is growing demand among financial advisory clients for bitcoin. The offering is being launched in partnership with Paxos, which is supporting the execution and custody side of things. The New York-based startup has inked key relationships with payments and financial services

Crypto industry can grow to $15 trillion, former Binance.US CEO says 

Source Node: https://bitcoinerx.com/blockchain/crypto-industry-can-grow-to-15-trillion-former-binance-us-ceo-says/
Time Stamp: September 21, 2021 4:51 PM - Modified On: September 21, 2021 - Published By:
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In the recently held SALT Conference, former Binance.US chief executive officer Brian Brooks said that the crypto industry could be a $15 trillion industry in the future. He added that with the current trend and phase of crypto adoption, this size is not an impossible feat.  The conference was attended by hedge fund managers and officials from banks, asset management companies, and compliance entities.  According to Brooks, the current size of the crypto industry has already reached $2 trillion, and while this may sound already huge, he said that this

Cuba Recognizes Cryptocurrencies | This Week in Crypto – Aug 30, 2021

Source Node: https://99bitcoins.com/bitcoin-news-summary-aug-30-2021/
Time Stamp: August 30, 2021 1:00 AM - Modified On: August 30, 2021 - Published By:
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 MicroStrategy buys more bitcoin, Cuba recognizes cryptocurrencies and free BTC for everybody in town…but which town? These stories and more this week in crypto. NASDAQ-listed business intelligence company MicroStrategy announced yet another substantial purchase of Bitcoin, this time worth nearly $200 million. The firm added 3,907 bitcoin to its stash, at an average price of just over $45000 per coin bringing its total holdings to nearly 109,000 bitcoins. Cuba will recognize and regulate cryptocurrencies citing “reasons of socio-economic interest.” The central bank will set new rules for how to

Jack Dorsey says plan for ‘TBD’ bitcoin project is to build a decentralized exchange

Source Node: https://www.theblockcrypto.com/linked/115868/jack-dorsey-bitcoin-decentralized-exchange?utm_source=rss&utm_medium=rss
Time Stamp: August 27, 2021 2:40 PM - Modified On: August 27, 2021 - Published By:
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advertisement Last month, Square CEO Jack Dorsey disclosed plans for a project called TBD that, at the time, would focus on the development of a platform for open-source financial services dedicated to bitcoin. That project has a clearer roadmap, according to Dorsey as well as Mike Brock, the CashApp exec put in charge of the initiative: a decentralized exchange. A decentralized exchange is a system for trading wherein no central party has custody or control of funds that pass through it.  We’ve determined @TDB54566975’s direction: help us build an open

Spain: Here are the latest regulatory requirements for crypto-exchanges

Source Node: https://ambcrypto.com/spain-here-are-the-latest-regulatory-requirements-for-crypto-exchanges/
Time Stamp: August 27, 2021 2:30 PM - Modified On: August 27, 2021 - Published By:
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Spain’s central bank is all set to roll out the new registration process for crypto-exchanges by September-October. Exchanges, along with crypto-asset custody platforms and wallets, will be required to register with authorities in order to comply with legal requirements. This, the institution believes, will address transparency and terrorism financing issues. The aforementioned steps are mandated by the Prevention of Money Laundering and Financing of Terrorism Law. It was passed by the Spanish parliament last year. Subsequently, this provision was included in Royal Decree-Law 7/2021. It gives a period of six

Zodia Custody Set to Offer Brokerage Services in Ireland

Source Node: https://beincrypto.com/zodia-custody-set-to-offer-brokerage-services-in-ireland/
Time Stamp: August 8, 2021 10:01 AM - Modified On: August 8, 2021 - Published By:
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British banking and financial services company Standard Chartered has announced plans for its crypto brokerage arm to expand.Sponsored Sponsored Recent reports indicate that Zodia Custody will begin offering services in Ireland. Specifically to institutional investors. With this in mind, Standard Chartered becomes the latest institution to set up operations in the Republic of Ireland. Following the likes of Bank of New York Mellon, which set up its Digital Innovation Hub in Dublin. Fintech company Blockdaemon also broke ground of their own in Galway. Standard Chartered’s ventures and innovation branch SC

Why DACH could be the key to injecting $657B into cryptocurrencies

Source Node: https://ambcrypto.com/why-dach-could-be-the-key-to-injecting-657b-in-cryptocurrencies/
Time Stamp: August 5, 2021 8:00 AM - Modified On: August 5, 2021 - Published By:
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Regulatory uncertainty and restrictions have been a bane for the crypto-space for a while. However, in a way, they have also ushered in greater adoption. Consider this – Between $100 billion and $657 billion could flow into the crypto-market from the DACH region within the next three years, a new survey has found. How? Well, all thanks to the region’s changing regulatory landscape. DACH to the rescue 70 investment funds in Germany (D), Austria (A), and Switzerland (CH) were surveyed in the report by Russia’s Mindsmith. According to the same,

Gemini Set to Bring Crypto Custody and Trading Services to RIAs

Source Node: https://beincrypto.com/gemini-set-to-bring-crypto-custody-and-trading-services-to-rias/
Time Stamp: August 18, 2020 3:29 PM - Modified On: May 21, 2021 - Published By:
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In another plus for institutional cryptocurrency adoption in the United States, Gemini is offering crypto custody and trading services to registered investment advisors (RIAs). The move comes as a result of a partnership between Gemini and Blockchange, a crypto investment firm focused on wealth managers. Full-Spectrum Crypto Services for RIAs According to a press release issued by Blockchange on Tuesday, the collaboration with Gemini will enable the provision of institutional-grade cryptocurrency trading and custody solutions. Both companies aim to become a “one-stop-shop” for crypto trading and custody for big-money investors.

Questions Remain Around The OCC Decision To Allow Banks To Custody Crypto

Source Node: https://bitcoinmagazine.com/articles/questions-remain-around-the-occ-decision-to-allow-banks-to-custody-crypto?utm_source=rss&utm_medium=rss&utm_campaign=questions-remain-around-the-occ-decision-to-allow-banks-to-custody-crypto
Time Stamp: August 18, 2020 1:26 PM - Modified On: May 21, 2021 - Published By:
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The recent Comptroller of the Currency (OCC) ruling that national banks and savings associations can provide cryptocurrency custody services to clients is one of the biggest milestones in the short but spectacular lifetime of digital currencies. Now that U.S. banks have the green light to begin custodying crypto, everybody knows that the rules have changed — we just don’t yet know exactly how.  As the dust begins to settle, there are a number of important questions we need to ask. What is the thinking behind the OCC’s letter? Why now? And