Crypto Custody Is Booming Many large financial institutions are entering the crypto custody space as Fidelity rolled out its Fidelity Digital Asset Services this Q1. In addition, IBM announced that its cloud platform will be used to develop a crypto custody solution using a hardware security module (HSM). Ledger, a popular hardware wallet manufacturer, also…
Apple’s ceaseless expansion has been making news recently. Despite declining iPhone sales, the tech giant shows no sign of slowing down as it prepares to launch a suite of new products. To cryptocurrency enthusiasts, the most interesting among those is likely the newly-revealed Apple Card. Although the card will resemble the bank-issued variety, the focus…
Image by FLYERDIARIES.COM / CC BY 2.0 / Cropped When it comes to freshly-minted altcoins, Coinbase’s approval clearly goes a long way. Last Wednesday, the major U.S.-based crypto exchange announced that it would be adding Stellar Lumens (XLM) to its list of available tokens, Bitcoinist reports. Although Coinbase greenlighted XLM right after the announcement, the…
The crypto custody sector is fast expanding. Until fairly recently, cryptocurrency storage options were binary: holders had to either store their coins and tokens on exchanges or on their own hardware wallet. Both choices left much to be desired for larger investors, which is why a number of high-profile companies are now offering to store…
According to a recent New York Times report, Facebook is diving into the crypto space in a direct way by creating a token of its own, reports CoinTelegraph. The report corresponds with an earlier jobs listing and suggests that Facebook hired up to 50 engineers, all of whom are working under the condition of privacy.…
A news digest of what happened in the crypto world in the past month, February 2019: Big Brands Jumping On Board JP Morgan launched its own cryptocurrency, JPM Coin, a move that surprised many given CEO Jamie Dimon’s prior opposition to cryptocurrency. Another financial giant, Nasdaq, added Bitcoin and Ethereum indices to its Global Data…
Recent high-profile Bitcoin “torch passes” on the Lightning Network have highlighted an issue that, for some, continues to pose a challenge for the cryptocurrency even after its explosion into the mainstream, writes CoinDesk. The very first comment written after the launch of the Satoshi network in 2008 had to do with the project’s scalability. It…
A major investment management firm that specializes in pensions and endowments, Cambridge Associates, remarked that cryptocurrency “may very well upend the digital world”, reports CCN. This comes on the heels of a growing trend among financial institutions. For optimists in the crypto space, the most important story in 2018 was that of institutional investment. The…
Since the financial crash of 2008-09, private banks have garnered some infamy for their malpractices and failure to provide security and stability for their clients. Last week, Wells Fargo found itself embroiled in a crisis that further boosted the argument for storing some of one’s wealth in crypto, reports CCN. On February 7, the 13th…
A news digest of what happened in the crypto world in the past month, January 2019: Ethereum’s Highs and Lows Ethereum (ETH) again regained the #2 cryptocurrency position after a rocky end of 2018, though it continues to jockey for this place with Ripple (XRP). Despite recent price blows, Ethereum on-chain transaction volume actually reached…
