Category: Custody

Crypto custodian Anchorage nabs national bank charter from OCC

Crypto custodian Anchorage nabs national bank charter from OCC

Anchorage has won the race to become the first federally chartered digital asset bank by obtaining a national bank charter from the Office of the Comptroller of the Currency (OCC). The institutional crypto custodian is now on even firmer footing with its designation as a “Qualified Custodian” under the Securities and Exchange Commission’s (SEC) requirements. […]

Continue Reading

Hardware wallet startup Ledger offers bitcoin bounty for information on data attacks

Hardware wallet startup Ledger offers bitcoin bounty for information on data attacks

Ledger, the crypto wallet firm, has put up a bitcoin bounty worth approximately $350,000 for information on the attackers behind a series of data leaks. The company has published a detailed blog post laying out the recent history of leaks and phishing attacks that have compromised the personal information of hundreds of thousands of its […]

Continue Reading

Former Coinbase compliance chief Jeff Horowitz joins BitGo

Former Coinbase compliance chief Jeff Horowitz joins BitGo

Crypto firm BitGo has hired former Coinbase compliance chief Jeff Horowitz as it seeks a trust charter from New York state regulators. Horowitz joined BitGo earlier this month and replaces Matt Parrella, who left the firm in November, according to his LinkedIn. Horowitz will head BitGo’s compliance and risk programs. Last August, BitGo applied for […]

Continue Reading

Examining the STABLE Act Proposal, Part I

Examining the STABLE Act Proposal, Part I

Quick Take A controversial legislative proposal for the Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act was recently announced by members of Congress, which could have extensive implications for digital assets if the bill were signed into law.  Our two-part series will examine the STABLE Act Discussion Draft, those endorsing the potential legislation, reactions from […]

Continue Reading

Genesis Custody added to FCA’s temporary crypto register

Genesis Custody added to FCA’s temporary crypto register

The custody-focused arm of Genesis, a crypto firm offering services to institutional traders, has been added to the UK regulator’s interim register. Genesis Custody Limited had initially been left off the list of roughly 90 companies, meaning it would have had to cease trading on January 10. The Financial Conduct Authority unveiled its temporary registration […]

Continue Reading

BitGo settles with US Treasury over sanctions violations

BitGo settles with US Treasury over sanctions violations

Crypto firm BitGo has settled with the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) for apparent violations of sanctions programs. According to OFAC, BitGo failed to prevent persons located in sanctioned jurisdictions, such as Crimea, Cuba, Iran, Sudan, and Syria, to open accounts and use its “hot wallet” services. The apparent violations occurred […]

Continue Reading

PayPal will not acquire crypto custodian BitGo, exploring other acquisitions: Report

PayPal will not acquire crypto custodian BitGo, exploring other acquisitions: Report

PayPal’s rumored acquisition talks with crypto custodian BitGo have fallen through, Fortune reported Thursday, citing “multiple sources.” In October, there were reports that BitGo could get acquired by PayPal, among other crypto companies. The payments giant is now reportedly exploring other potential buys. Meanwhile, BitGo has been “in talks with everyone” over the years, and […]

Continue Reading

A detailed look at the Ledger data leak and other recent incidents

A detailed look at the Ledger data leak and other recent incidents

Quick Take Despite what Ledger initially stated, a database containing the personal information of over ~273,000 Ledger customers has been freely released yesterday Out of these people who have purchased a Ledger, 33.9% have sent the devices to the United States About 51.3% used Gmail as their email account, followed by Hotmail (10.5%) This research […]

Continue Reading

Italian bank Banca Generali leads $14 million Series B for bitcoin wallet provider Conio

Italian bank Banca Generali leads $14 million Series B for bitcoin wallet provider Conio

Bitcoin wallet provider Conio has raised $14 million in Series B funding. The round was led by Italian bank Banca Generali, which invested most of the funds but did not disclose a specific figure. Other smaller investors in the round weren’t made public. As part of the investment, Banca Generali has also signed a commercial […]

Continue Reading

Fidelity’s bitcoin custody business has been ‘incredibly successful,’ says CEO

Fidelity’s bitcoin custody business has been ‘incredibly successful,’ says CEO

Fidelity Investments chairman and CEO Abigail Johnson has said that the firm’s bitcoin custody business has been “incredibly successful” and has a “tremendous pipeline.” While Johnson did not provide specific details, she said Fidelity is putting a lot of effort into connecting the legacy world with the future of digital currencies. “Building those on and […]

Continue Reading