The firm said clearing the regulatory hurdle had the potential to drive more institutional investors towards crypto custody solutions.
Cold Storage News
Cold storage is a way of storing digital assets without a connection to the internet. Cold storage wallets are protected from unauthorized access, hacks and many other vulnerabilities of internet-connected wallets. Cold storages are widely applied in the cryptocurrency industry. In its most basic form, cold storage can be a paper wallet that has a private key and an address of the digital wallet printed onto a piece of paper. Arguably, the most popular Bitcoin cold storages are hardware wallets like USB drives and smart cards. Bitcoin cold storage wallets are often used by Bitcoin investors with a lot of wealth because of its security advantages. BTC cold storages are a necessity because of the fact that cryptocurrency frauds and hacks of exchange platforms are not compensated by most governments or banks, and the loss of an asset can become irrecoverable.
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Metaco will use IBM Cloud to provide robust security-critical technology for institutional investors entering the digital asset space.
5920With major exchanges suffering outages and hacks, and some abruptly suspending withdrawals, are wallet platforms a more compelling alternative?
9904A Gnosis safe now contains the third-largest concentration of Ether, according to Etherscan, holding 2.2% of the coin supply — worth $2.9 billion.
21709Even with their newfound fortune, the lucky student said they will avoid “expensive luxuries” like a new car or house.
85976The trustee representing the users of the now-defunct Canadian crypto exchange QuadrigaCX will submit all of its documents containing user data to Canada’s tax authority.
4262Crypto custody is the latest buzzword in the industry — but does it have the potential to interest institutional investors in digital assets?
9Hardware wallets manufacturer Ledger announces that its cryptocurrency management software Ledger Live now supports over 1,250 Ethereum-based ERC-20 tokens.
5658Demand for virgin Bitcoin is currently at its all-time high.
38787Visa co-led a $40 million funding round in crypto startup Anchorage, marking its second-ever investment in a crypto startup.
13300On June 26, about $1.2 billion in binance coin has been transferred in 1.1 seconds with a $0.015 fee on the binance chain.
14916Tim Plakas has reportedly left Coinbase to join Galaxy Digital’s OTC team.
2788Ledger Vault, the custody arm of French hardware wallet manufacturer Ledger, will provide its services to Canadian cryptocurrency broker Voyager Digital.
2959Digital asset finance firm BitGo announced the launch of its off-chain clearing and settlement service.
2313French hardware wallet producer Ledger partnered with Hong Kong custodian Legacy Trust to offer institutional cryptocurrency custody services.
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