Crypto Storage Provider Zodia Custody Raises $36M From SBI Holdings, Standard Chartered
Zodia Custody, which provides digital asset custody services to institutional clients, will use the funding to increase its token coverage and enhance its settlement product, Interchange, which protects clients’ assets that are traded on exchanges, it said in an emailed statement.
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Bullish Bitcoin Chart Pattern Still Intact Despite 7% Price Drop
Dec 2, 2019 at 11:06 UTCUpdated Dec 2, 2019 at 11:06 UTCBitcoin has erased more than 45 percent of last week's rally, but the outlook remains bullish with prices holding above three-day chart support at $6,847.A re-test of trendline resistance at $7,665 looks likely. A violation there would expose Friday's high of $7,870.Acceptance below $6,847…

Darknet Markets Face Headwinds After Year of Mixed Results
Dec 3, 2020 at 3:07 p.m. UTCUpdated Dec 3, 2020 at 3:29 p.m. UTCHydra is one of the biggest darknet markets still in operation.("Hercules and the Hydra" image via Metropolitan Museum of Art)Darknet Markets Face Headwinds After Year of Mixed ResultsDarknet markets are having a rough 2020.COVID-19 has wreaked havoc on all shipping-centric industries, drug…

The Real Reasons the Grayscale Bitcoin ETF Decision Matters
The U.S. is one step closer to having a spot market bitcoin exchange-traded fund (ETF), the holy grail of white glove crypto financial products. On Tuesday, a three-judge panel for the U.S. Court of Appeals delivered a crushing interpretation of the Securities and Exchange Commission’s logic for denying an ETF, finding the agency acted “capriciously”…

LA Kings Now Let Fans Verify Merchandise Using a Blockchain App
news A U.S. ice hockey team has launched a blockchain-based app allowing fans to ensure their merchandise and memorabilia are the real deal. Announced by the LA Kings Wednesday, the app uses augmented reality (AR) to be able recognize an authentic piece of registered merchandise versus a fake or unregistered and possibly stolen item, according to…

ConsenSys, R3, Tron, Ciphertrace: Blockchain Startups Got $18M+ in US ‘PPP’ Bailout Loans
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Countries Should Set Up Legal Frameworks to Support CBDCs: BIS Chief
Countries should set up legal frameworks that support the deployment of central bank digital currencies (CBDC), Agustin Carstens, general manager of the Bank for International Settlements, an international bank said on Wednesday.Around 80% of central banks are either not allowed to issue a CBDC under existing laws or they have legal frameworks which lack clarity

Two Economists. Two Views on Bitcoin’s Ability to Disrupt Fiat Money
news “Half of the audience here is like, ‘I hope you die in a fire.’” As a libertarian, comedian and podcast host Dave Smith has a lot of common ground with bitcoin enthusiasts, who have a reputation for having a libertarian bent. But when he and others argue that bitcoin isn’t going to replace government-issued…

$500B Korean Asset Manager Taps Polygon Labs to Develop Tokenized Securities Network
Mirae Asset Securities, South Korea's largest financial group with over $500 in assets under management, said Thursday that it is working with Ethereum scaling platform Polygon Labs to advance tokenization within finance and boost adoption of Web3 technologies.Polygon Labs will be a technical consultant in The Mirae Asset Security Token Working Group, which is working