The Texas Department of Banking issued a notice reaffirming that state- chartered banks can provide bitcoin custody services.The Texas Department of Banking has released a notice affirming that state-chartered banks can offer bitcoin custody solutions to customers, so long as the bank has specific protocols in place...
A representative of PayPal has announced that it will allow users to transfer bitcoin from the platform to their own third-party wallets.According to the head of blockchain and cryptocurrency at PayPal, Jose Fernandez da Ponte, the online payments giant will be adding support for transfers of bitcoin off of the platform and to third-party wallets.According to a report from...
The Turkish government reportedly plans to serve as a custodian for local cryptocurrency exchanges, potentially holding bitcoin for users.Following the collapse of two local cryptocurrency exchanges and new regulations banning cryptocurrency-based payment services, the Turkish government is now reportedly planning to institute new measures to serve as a custody middleman for cryptocurrency investors.“The...
Olympia Trust Company expects to receive an exclusive Canadian license to use a proprietary bitcoin custody system developed by Knox.Olympia Trust Company, a Canada-based, non-deposit-taking trust company, will soon receive an exclusive Canadian license to use a proprietary bitcoin custody system developed by Knox,...
The United States' second-oldest bank, State Street, is just the latest to join the crypto boom. State Street Makes Crypto Play The company's trading technology provider, Currenex, will be providing infrastructure for a new crypto trading platform called...
Bitcoin Magazine's "Bitcoin Wallets For Beginners" series covers everything you need to know about obtaining and securing your bitcoin in a safe and private way.This article is designed to explain the importance of self-custody and the dangers of know your customer (KYC) regulations; to demonstrate to Bitcoin beginners how to install, secure and use a Bitcoin wallet; and to explain how to...
The tech industry abounds with buzzwords and acronyms that seem, at times, designed to exclude the ordinary user. But “UX” isn’t one of these mere buzzwords. User experience is one of the rare bits of tech shorthand that actually mean something to our customers and clients because everybody knows what bad UX looks like. But sometimes, great UX isn’t all that it seems,...
Bitcoin service providers must integrate security best practices directly into their user experiences if they are to deliver the revolution.The tech industry abounds with buzzwords and acronyms that...
The oldest bank in the US, BNY Mellon, will offer Bitcoin custody to its clients after stating that digital assets are seeing widespread adoption. BNY Mellon Adopts Bitcoin BNY Mellon works with Bakkt, the crypto futures platform owned by the NYSE operator, to secure crypto assets. On Thursday, the bank...
The world’s biggest custodian bank beats rivals JPMorgan and Citi to the punch.
Listen To This Episode:...
The bearer nature of digital assets presents challenges to institutions getting into crypto. The need for greater security will likely impact the whole industry.
News