Crypto Biz: Consolidation ramps up among crypto firms

The business of cryptocurrency custody is getting more competitive and lucrative by the day. The most recent announcement has come from Switzerland, where local family-owned bank Maerki Baumann announced on May 29 that it had expanded its cryptocurrency services through the introduction of crypto custody and trading. The private bank first announced its crypto initiatives…

Bitcoin (BTC) traders remain sensitive even to small price movements as data shows liquidations climbing.As BTC/USD approaches $21,600 on March 9, those who are long BTC are seeing positions evaporate.Longs begin to disappear with BTC at three-week lowsDespite consensus forming around Bitcoin retesting $20,000, small shifts in price are still taking their toll on traders.According…

Cybersecurity certification platform CER said the vast majority of wallets do not hire outside experts to perform penetration tests. 263 Total views 7 Total shares A July report from cybersecurity certification platform CER found that only six of 45, or 13.3%, of cryptocurrency wallet brands have undergone penetration testing to find security vulnerabilities. Of these,…

A bold invitation from CZ. 1713 Total views 18 Total shares Binance CEO Changpeng Zhao welcomed more Ethereum-based DeFi projects to join the Binance Smart Chain (BSC) platform. In a tweet discussion with another user, Zhao explained that this step would reduce the load on the Ethereum network, which will, in turn, lead to a reduction…

Microsoft, IBM, Nasdaq and a number of other technology and financial organizations from around the world recently formed the InterWork Alliance, or IWA. The alliance, which currently consists of 36 members, serves as a non-profit organization dedicated to creating global standards needed to drive tokenized ecosystems. Microsoft’s principal architect and the IWA chairman, Marley Gray, told…

You need nothing short of “a miracle” to succeed with an initial coin offering (ICO) in Australia, a local industry leader told the government this week.At a Select Committee on Financial Technology and Regulatory Technology hearing on Feb. 20, Dr. Jemma Green said her blockchain firm had succeeded despite, not thanks to, government policy. Dr. Green…

The last week has seen two digital asset ETF providers announce their planned exit from the market amid regulator scrutiny and the prolonged crypto winter. 462 Total views 5 Total shares Two digital asset exchange-traded fund (ETF) issuers in Australia are set to leave the market amid heightened regulator scrutiny and a deepened crypto winter,…