Fidelity Digital Assets Gets NY Trust Charter to Custody Bitcoin for Institutions

On Sept. 8, Michael Barr, the vice chair for supervision and Federal Reserve governor, said he was “deeply concerned about stablecoins without strong federal oversight.” This is a reaction to the growing recognition among major financial institutions, including PayPal and Visa, of the potential of stablecoins.This op-ed is part of CoinDesk's State of Crypto Week sponsored by

May 19, 2020 at 08:00 UTCEuropean supercomputers programmed to search for a vaccine for the deadly coronavirus (COVID-19) were remotely hijacked last week for the purpose of mining cryptocurrency.According to a report by ZDNet, multiple supercomputers across the EU were compromised by a string of malware attacks that required a shut down after it was…

news The U.S. Department of the Treasury has committed to monitoring the Facebook-led cryptocurrency project Libra. The news was announced by Emanuel Cleaver, II, congressman for Missouri’s fifth district, on Tuesday. Cleaver said he’d written to the Financial Stability Oversight Council (FSOC), and the Office of Financial Research (OFR) in August calling on the regulators to “proactively…

Brandy covers crypto-related venture capital deals for CoinDesk. ZkLink, an infrastructure layer that makes it easier to trade assets across blockchains, raised $10 million in a strategic funding round from a lineup of investors that included the venture capital arm of crypto exchange Coinbase (COIN). The fundraise will help drive zkLink towards its mainnet launch…

Nov 30, 2020 at 10:57 p.m. UTCUpdated Nov 30, 2020 at 11:21 p.m. UTCCoinbase Reports Delays in Processing Bitcoin Withdrawals Due to Network CongestionLeading cryptocurrency exchange Coinbase, on a day when the price of bitcoin (BTC) surpassed its all-time high, said it is experiencing delays processing BTC withdrawals due to Bitcoin network congestion.Deposits, buys and…

Financial inclusion and access to global finance has always been lacking in sub-Saharan Africa. Although gains have been made, as of 2021 only 55% of the population had a bank account, according to the World Bank. The problem is more acute in rural areas, where banks are few and far between. Mobile banking solutions that…

The CPI rose 0.2% in September and the core CPI rose 0.3%, both numbers stronger than anticipated The data reinforces the notion that not only will the Fed not cut rates 50 basis points in November, but might chose to not trim rates at all. Already under pressure over the past 10 days, the price

Cryptocurrency brokerage sFOX is providing customers commission-free access to blockchain staking directly from regulated custody without the risks associated with transferring ownership of their coins, the company said Tuesday.A software layer designed to make staking easy, sFOX allows professional users, high-net-worth individuals, hedge funds and the like to store their staked crypto in Wyoming trust

markets The cryptocurrency markets remain unfazed after an ETF withdrawal announcement on Wednesday did little to affect bitcoin’s price. The Cboe BZX exchange has withdrawn a proposed rule change that would have otherwise paved the way for an ever-elusive bitcoin exchange-traded fund (ETF) backed by VanEck and SolidX. The announcement, however, did little to spur…