U.S. Bank, the fifth-largest retail bank in the United States, announced Tuesday that it is launching a cryptocurrency custody service for institutional investors, potentially setting the stage for wider mainstream acceptance of digital assets.As CNBC reported, U.S. Bank has partnered with New York Digital Investment Group, or NYDIG, to provide custody services for Bitcoin (BTC), Bitcoin Cash (BCH) and Litecoin…
Decentralized finance (DeFi) wallet and browser extension MetaMask has partnered with three crypto-focused custodians as part of a broader effort to attract more institutional capital to the digital asset market. On Tuesday, the company announced new partnerships with BitGo, Qredo and Cactus Custody centered around MetaMask Institutional — a new product offering that gives institutional investors access to the large sums…
Bank of America’s Global Research has begun covering crypto, debuting with a report stating that “digital assets are too large to ignore.” Noting that digital assets are “creating a whole ecosystem of new companies, new opportunities, and new applications,” the bank said, “This is growing, this is mainstream, and it’s not just bitcoin.” Bank of America Debuts Crypto Research Bank…
Many Bitcoiners look forward to the day in the future when the banking system collapses and hyper-Bitcoinization occurs.But Jared Bibler — an American who experienced the most dramatic banking and share market collapse in living memory in Iceland in 2008 — says the reality is something no one would ever want to experience.“It’s a deep nausea in the pit of…
Facebook’s conglomerate of social applications, including Instagram, WhatsApp, Messenger, and its virtual reality headset Oculus, all suffered a major power outage on Monday, switching the platforms offline for a total of six hours to the effect of billions of users and businesses across the world.The incident was first reported at approximately 3:16 pm UTC on Monday when a surge of…
Crypto data provider CoinMarketCap continues expanding its reach by integrating its crypto price data into Presearch, a major decentralized search engine.CoinMarketCap has partnered with Presearch to provide its data feeds to the search engine, allowing users to see CoinMarketCap price data directly on Presearch, according to a Tuesday announcement shared with Cointelegraph.With the partnership, Presearch’s 2.4 million registered users will…
The International Consortium of Investigative Journalists (ICIJ) has identified a major crypto criminal among those exposed to have funneled funds into shadowy tax havens in its “Pandora Papers.’According to an Oct. 3 ICIJ document summarizing the organization’s findings from its Pandora Papers investigation, offshore assets belonging to a so-called “Bitcoin czar sentenced for money laundering in connection with the largest…
The old adage “The crypto market is not for the faint-hearted” was put on full display recently when the total market capitalization of the industry dipped to a relative low of $1.75 trillion on Sept. 20, only to make a strong comeback. Despite all of these fluctuations, however, demand from institutional investors remains strong, with reports suggesting that big-money players…
Aureo Ribeiro, a federal deputy in Brazil, stated that bitcoin might become a recognized currency in Brazil soon, during an interview with local media. The politician stated that Brazilians may be able to purchase houses, cars, and even fast food at McDonald’s with cryptocurrency in the near future. Bill 2.303/15, which regulates cryptocurrencies, might approve the legal use of the…
Cross-chain decentralized exchange THORSwap has concluded a $3.75 million private token sale backed by leading venture funds within the blockchain industry, offering further evidence that investors are keen to back market-ready DeFi platforms. The funding will be used by THORSwap to continue building its development and operational resources, including the launch of new products on top of THORChain, the decentralized liquidity…
