Services

Grayscale Bought Almost $140 Million in BTC in 24 Hours

Source Node: https://beincrypto.com/grayscale-bought-almost-140-million-btc-in-24-hours/
Time Stamp: December 5, 2020 3:57 AM - Modified On: May 21, 2021 - Published By:
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Betting Big on Bitcoin Grayscale, the Bitcoin Trust custodian and digital asset manager, has added another $140 million worth of Bitcoin to their Bitcoin Trust portfolio within the last 24 hours. Grayscale made the purchase of 7,188 Bitcoins in just one day. This confirms continued institutional interest surrounding their Bitcoin offering. When you look at Grayscale Bitcoin holdings over the last week and month, a similar pattern appears. In the last week, Grayscale added over 14,000 BTC. In the last month the company added a whopping 64,832 BTC worth collectively

TrustSwap Review: Making Smart Contracts Mainstream

Source Node: https://www.coinbureau.com/review/trustswap-swap/
Time Stamp: December 1, 2020 8:18 PM - Modified On: May 21, 2021 - Published By:
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The cryptocurrency space can be a scary place if you are not careful. There are scammers left and right, and not just in Discord and Telegram. Many cryptocurrency projects have revealed themselves to be nothing short of a ponzi scheme. Some have even ended with a rug pull – the team dumping their share of the crypto on the market and running with the cash.TrustSwap is a cryptocurrency project that is hoping to change that by using smart contracts. They want to create a new standard for initial coin offerings

VeChain Forms New Partnership with Grant Thornton to Push Adoption

Source Node: https://beincrypto.com/vechain-forms-new-partnership-with-grant-thornton-to-push-adoption/
Time Stamp: August 19, 2020 4:56 AM - Modified On: May 21, 2021 - Published By:
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The VeChain Foundation has partnered with Grant Thornton Cyprus, an accounting firm, opening the door to “thousands” of adoption opportunities. VeChain uses its blockchain mainly to provide RFID (Radio Frequency Identification). This can be used as part of an internet of things framework, supply-chain planning, and also to determine the provenance of unique goods. The firm has an in-house development team that caters to larger businesses and hopes to be the go-to company for enterprise blockchain needs. In bittersweet news, it sees the COVID-19 pandemic as a sign of urgency

#BitcoinForBeirut Seeks Sound Money To Help City’s Explosion Victims

Source Node: https://bitcoinmagazine.com/articles/bitcoinforbeirut-seeks-sound-money-to-help-citys-explosion-victims?utm_source=rss&utm_medium=rss&utm_campaign=bitcoinforbeirut-seeks-sound-money-to-help-citys-explosion-victims
Time Stamp: August 18, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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On August 4, news of major explosions at the port of Beirut spread around the world, along with astounding videos and images. It quickly became apparent that the damage was extensive and that many in Beirut had been killed, injured or had become casualties of extensive property damage.And the tragedy came at a precipitous time for those in Beirut. A years-long economic crisis and the strains caused by the novel coronavirus in Lebanon have resulted in skyrocketing exchange rates, widespread distrust of banks and a rising interest in alternatives like

Gemini Set to Bring Crypto Custody and Trading Services to RIAs

Source Node: https://beincrypto.com/gemini-set-to-bring-crypto-custody-and-trading-services-to-rias/
Time Stamp: August 18, 2020 3:29 PM - Modified On: May 21, 2021 - Published By:
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In another plus for institutional cryptocurrency adoption in the United States, Gemini is offering crypto custody and trading services to registered investment advisors (RIAs). The move comes as a result of a partnership between Gemini and Blockchange, a crypto investment firm focused on wealth managers. Full-Spectrum Crypto Services for RIAs According to a press release issued by Blockchange on Tuesday, the collaboration with Gemini will enable the provision of institutional-grade cryptocurrency trading and custody solutions. Both companies aim to become a “one-stop-shop” for crypto trading and custody for big-money investors.

Questions Remain Around The OCC Decision To Allow Banks To Custody Crypto

Source Node: https://bitcoinmagazine.com/articles/questions-remain-around-the-occ-decision-to-allow-banks-to-custody-crypto?utm_source=rss&utm_medium=rss&utm_campaign=questions-remain-around-the-occ-decision-to-allow-banks-to-custody-crypto
Time Stamp: August 18, 2020 1:26 PM - Modified On: May 21, 2021 - Published By:
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The recent Comptroller of the Currency (OCC) ruling that national banks and savings associations can provide cryptocurrency custody services to clients is one of the biggest milestones in the short but spectacular lifetime of digital currencies. Now that U.S. banks have the green light to begin custodying crypto, everybody knows that the rules have changed — we just don’t yet know exactly how.  As the dust begins to settle, there are a number of important questions we need to ask. What is the thinking behind the OCC’s letter? Why now? And

Two Attacks on ETC Network Leave Community Needing a Solution, Fast

Source Node: https://cointelegraph.com/news/two-attacks-on-etc-network-leave-community-needing-a-solution-fast
Time Stamp: August 16, 2020 9:15 AM - Modified On: May 21, 2021 - Published By:
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Ethereum Classic, a 2016 hard fork from Ethereum’s main blockchain, has suffered multiple concerning network attacks over the last two years. Two such attacks occurred within a seven-day span, totaling millions of dollars in losses. With the dust settling from the two 51% attacks, further details are now coming forward, as provided by a number of industry experts.“There is no debate about the attacks,” ETC Labs CEO Terry Culver told Cointelegraph on Aug. 7, answering a question on whether or not the network difficulties were in fact 51% attacks. “Community

The Importance of Developing the Decentralized Finance Space

Source Node: https://cointelegraph.com/news/the-importance-of-developing-the-decentralized-finance-space
Time Stamp: August 16, 2020 7:00 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The rapid growth of the decentralized finance space, the rise in demand, the improvement of its protocols, and the breadth of offered services and opportunities will provide retail users with the options they are sorely lacking in the existing financial system. And it will enable institutions to move real-world assets onto the blockchain, generating untold cost-savings and improved efficiencies.But it doesn’t have to be a violent revolution. DeFi doesn’t necessarily need to overthrow the incumbent system. I believe that DeFi will complement traditional finance, force it to do better, and,

Four of the Top Five South Korean Banks to Offer Crypto Services

Source Node: https://cointelegraph.com/news/four-of-the-top-five-south-korean-banks-to-offer-crypto-services
Time Stamp: August 14, 2020 1:08 AM - Modified On: May 21, 2021 - Published By:
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South Korea’s Woori and Shinhan banks have just announced their intention to introduce “crypto-asset services”. That means that four of the country’s top five banks, holding a combined value of more than $1.2 trillion in assets, are now poised to introduce crypto services.Each of the banks aims to hold and manage cryptocurrencies for clients. Both Shinhan and Woori announced their plans in direct response to the amended Special Financial Transactions Information Act which will change legislation around crypto assets, coming into force next year.Shinhan bank previously announced plans for crypto