Kasikornbank launches first licensed Thai digital asset custodian

The new custody service will be just the latest in the bank's new digital asset and AI activities.

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Nansen acquisition enables staking services to over 20 blockchains

Nansen expands its services by acquiring StakeWithUs, enabling users to stake assets onchain across 20+ blockchains.

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Prometheum labels UNI, ARB securities in custody expansion

Prometheum is the only SEC-registered crypto custody provider and already treats ETH as a security.

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Lido launches institutional-grade liquidity staking solution

The biggest ETH liquid staking protocol has enhanced its offering for large investors, many of whom are already its customers.

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Former US solicitor general claims regulators want to debank crypto

Several parties have filed amicus briefs with the appellate court in support of Custodia Bank receiving approval for a master account from the Federal Reserve.

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The Federal Reserve, Custodia Bank, and the Battle over Sovereignty

A Review of the Amicus Briefs in the Custodia Case.

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Tangem introduces Visa-integrated crypto wallet for secure payments

Self-custodial crypto wallet provider Tangem has developed a new wallet integrating direct payments through Visa.

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bitFlyer Swallows FTX Japan Whole: Plans to Enhance Crypto Custody and ETF

bitFlyer Holdings Inc, a cryptocurrency exchange in Japan,has announced it has completed the acquisition of 100% of FTX Japansoutstanding shares, making it its wholly-owned subsidiary. This subsidiary willbe rebranded under the bitFlyer name by August 26, 2024.

Expanding with Acquisition

This acquisition aligns with bitFlyers strategic goals ontwo main fronts. First, the company aims to enhance its crypto custody serviceswith advanced security features designed for institutional investors.

Additionally, bitFlyer plans to offer services related tocryptocurrency spot exchange-traded funds (ETFs) in the future. However, thiswill depend on the establishment of appropriate legal frameworks in Japan.

Earlier, FTXJapan, part of over 100 entities in bankruptcy proceedings, reported havingmore assets than liabilities, with $134 million in segregated user assets, asreported by Finance Magnates.This raised hopes for recovering funds for Japanese customers.

Bitflyer was setto acquire all shares of FTX Japan, valued at several billion yen. Bitflyer,licensed by Japan's Financial Services Agency since 2017, ranked 22nd globallyby trading volume, with $73.11 million in 24-hour trades, largely driven byBTC/JPY transactions.

Bitflyer to launch custodian #Crypto business after FTX Japan buyout #Crypto.news: Bitflyer to launch custodian #Crypto business after FTX Japan buyout #Crypto.news https://t.co/iCT2uCQWj7

Institutional Custody and ETF Expansion

Upon rebranding and integrating FTX Japan, bitFlyer willconcentrate on launching a crypto custody business. This service will primarilytarget institutional investors and will emphasize high-security measures toprotect digital assets.

An official statement from the firm issued in that regardreads: Our extensive expertise in blockchain technology and ourproprietary security-focused wallet solution reinforce our commitment tosecuring institutional investments.

In light of the recent approval by the US Securities andExchange Commission of 11 Bitcoin spot ETFs in January 2024, bitFlyeranticipates a similar regulatory push in Japan. The company is preparing tooffer crypto spot ETF services once Japans legal and tax systems areadequately developed.

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Proof-of-funds technology seeks to replace exchanges reserves reports

Data lake provider Tres is introducing a new mechanism to track exchange and custodian reserves, joining Chainlink and other solutions catering to institutional demand.

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Coinbase launches unified onchain monitoring through new wallet app

Coinbases new wallet app will allow users to connect any self-custodial wallet for an aggregated view of assets.

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Fireblocks Partners with CloudTech, Zodia Custody, Zerocap, Rakkar, and Komainu for Global Custodian Program

Fireblocks announces its first Global Custodian Partners: CloudTech, Zodia Custody, Zerocap, Rakkar, and Komainu, enhancing secure digital asset custodianship. (Read More)

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Ethereum Top 100 Exchange Wallets Hit 6-Year Low, Non-Exchange Wallets Soar: Report

In a recent analysis, the top 100 Ethereum wallets on exchanges are the lowest they have been since May 2018 with a total of 8.41 million ETH. This large disparity, which is described by a well-known analytical source Santiment in a post on X, demonstrates a clear trend of distribution growth over time. The data […]

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NRA & Cantero In The Supreme Court: Implications for Operation Choke Point 2.0 and Custodia Bank

Two decisions yesterday by the Supreme Court, in National Rifle Association of America v. Vullo & Cantero, et al. v. Bank of America, N. A., have implications for current regulatory pressure on the Bitcoin ecosystem.

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Everstake champions non-custodial staking amid SECs industry input review

Everstake offers a strong defense against the recent non-Everstake SEC non-custodial staking guidance. The company advocates for non-custodial staking solutions as the SEC considers feedback from the industry. The regulatory landscape for staking services is evolving, with various stakeholders providing input to shape the future of the industry. Non-custodial staking has gained popularity as a [...]

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Polymarket raises $70M from Vitalik Buterin, Founders Fund

Amid increasing U.S. regulatory scrutiny, popular crypto-based betting platform Polymarket has secured funding to expand its global operations despite restrictions.

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Singapore's Liminal Secures Regulatory Approval in Abu Dhabi

Singapore-based custody services provider, Liminal, has obtainedregulatory approvals in Abu Dhabi. Liminal's subsidiary, First Answer MiddleEast, has been granted Financial Services Permission from the Abu DhabiGlobal Market's Financial Services Regulatory Authority.

Regulatory Approvals in Key Markets

This approval enables the firm to offer custody serviceswithin the region, marking a crucial step in its international growth. Notably,the subsidiary had received in-principal approval last year.

The company has been pursuing regulatory approvals acrossvarious regions. In addition to its success in Abu Dhabi, Liminal's Dubaientity, First Answer Custody FZE, secured initial approval from the emirate'sVirtual Asset Regulatory Authority last month.

"We initiated a strategic drive two years ago to secureregulatory licenses in key markets across APAC and EMEA (Europe, Middle Eastand Africa), strategically positioning ourselves to cater to institutionalclients," said Manan Vora, Senior Vice President of Strategy and Business Operations.

"Our strategic vision is to expand from our present technology presence inEurope and Taiwan to pushing for regulatory victories there. In Indonesia, weare already working as a technology provider for the nation's sovereign digitalasset exchange."

Singapore-based custody solutions provider @liminalcustody has won the Abu Dhabi regulator's approval to operate as a regulated custodian within the Middle East, days after a regulatory win in India. By @amitojhttps://t.co/IdbIbuwq2Q

Singapore's Regulatory Landscape Shift

Furthermore, its Indiansubsidiary, First Answer India Technologies, has been registered as a reportingentity, positioning Liminal as the first digital asset custodian registeredwith India's Financial Intelligence Unit. This development followsLiminal's appointment by India's Central Bureau of Investigation tomanage seized digital assets in November.

Back in its home base of Singapore, with the introduction ofnew licensing requirements for custody solutions providers in April, thecompany was already providing custody solutions and thus grandfathered into thenew guidelines for six months. Liminal has taken steps by notifying theMonetary Authority of Singapore of its intent to apply for a license.

Amir Tabch, CEO of Liminal Custody Solutions Middle East andSenior Executive Officer of the Category 3C ADGM-regulated entity First AnswerMiddle East Limited, remarked: "Earning the ADGM FSP license is a clearindicator of Liminal's ironclad dedication to compliance and innovation. Thisachievement not only positions us at the forefront of digital asset custody butalso signals our pivotal role in its future evolution."

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BitGo Becomes First Crypto Custodian to Secure MiCA License in Germany

BitGo, a leading provider of cryptocurrency custody services, has successfully acquired a MiCA license in Germany. This milestone achievement positions BitGo as one of the first companies to obtain this license under the Markets in Crypto-Assets Regulation (MiCA) in Germany. The MiCA framework aims to regulate various crypto-asset service providers within the European Union, ensuring [...]

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Qubetics vs. Monero vs. Kaspa: Best Cryptos to Invest in Today for Exponential Return Potential

Explore how Qubetics compares to Monero and Kaspa in 2025. With real ROI projections and use-case analysis, discover the best cryptos to invest in today for exponential return potential.

The post Qubetics vs. Monero vs. Kaspa: Best Cryptos to Invest in Today for Exponential Return Potential appeared first on Kanalcoin.

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Custodia Bank Files Appeal After Court Ruling on Federal Reserve Account Access

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RockWallet: Secure, Self-Custodial Crypto Wallet for Effortless Digital Asset Management

RockWallet is an app for managing digital assets. Its self-custodial nature ensures you have full control, while its security tools provide peace of mind.

The post RockWallet: Secure, Self-Custodial Crypto Wallet for Effortless Digital Asset Management appeared first on Crypto Breaking News.

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