Coinbase acquires institutional crypto custody business

Coinbase acquires institutional crypto custody business

The largest US digital currency exchange, Coinbase, has acquired the institutional business of crypto wallet and custody provider Xapo. The San Francisco-based exchange announced the deal yesterday in a blog post, saying that it “caps off a tremendous period of growth and innovation for Coinbase Custody”. Coinbase described Xapo, which has a “Bitlicense” in the more info …
Bitwise CEO remains optimistic about SEC Bitcoin ETF approval

Bitwise CEO remains optimistic about SEC Bitcoin ETF approval

The chief executive officer of Bitwise Asset Management believes that a Bitcoin exchange-traded fund (ETF) will still be approved in the US in the foreseeable future. Earlier this week, the US Securities and Exchange Commission (SEC) decided to postpone its decisions on three Bitcoin ETF proposals. Bitwise, which is behind one of the proposed ETFs, more info …
Major Korean bank to boost customer security with blockchain tech

Major Korean bank to boost customer security with blockchain tech

South Korea’s oldest lender, Shinhan Bank, announced on Wednesday that it had teamed up with fintech firm Ground X and blockchain developer Hexlant to jointly develop blockchain security technology, local news outlet The Korea Times has reported. According to the publication, under the terms of the agreement, the three firms will develop the Private Key more info …
Bitcoin (BTC) now supported in Samsung’s blockchain phones

Bitcoin (BTC) now supported in Samsung’s blockchain phones

Samsung Electronics’ flagship smarphone range, the Galaxy S10, now supports Bitcoin (BTC), industry website Coindesk has reported. In March, the South Korean tech giant became the first major phone maker to release blockchain-enabled handsets. The Galaxy S10 models came with a Blockchain Keystore that offered cryptocurrency storage and transactions for Ether (ETH) and crypto tokens more info …
Ripple eyes new investments to accelerate growth

Ripple eyes new investments to accelerate growth

Ripple, the San Francisco-based company that developed the XRP crypto token and its underlying technology, is looking to further its investment strategy following its recent deal with MoneyGram. In a recent interview with Yahoo Finance UK, the company’s chief executive officer Brian Garlinghouse revealed that Ripple was working on a “multiple” potential investments and acquisitions more info …
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