Prime Trust Enters Crypto Custody Race, Will Hold ‘Any’ Ethereum Token

The price of bitcoin (BTC) fell below $40,000 for the first time since December as selling continues to overwhelm buying despite sizable inflows into the new spot exchange-traded funds.A number of spot bitcoin ETFs began trading on Jan. 11, with bitcoin surging to $49,000 in the minutes after their launch. The rise was fleeting though

NEWSINBRIEF Ethereum developers are quietly planning strategies for advancing the world’s third-largest blockchain, as well as a previously undisclosed upgrade that could boost the capabilities of the technology more aggressively in the short-term. Specifically, the minutes from four private meetings that took place at an ethereum conference earlier this month, refer to an upgrade named “ethereum…

I have the unfortunate duty of informing you that this is the last edition of The Airdrop. We are enormously grateful to Rosie Perper for leading this project and to various other members of the CoinDesk team who helped pull it together each week. Sadly, after a round of layoffs and cost-cutting at CoinDesk this…

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Elizabeth Napolitano is a news reporter at CoinDesk. Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Ledger, an offline private-key storage company, is working with crypto custodian Etana Custody to offer secure, regulated…

Dec 10, 2019 at 20:27 UTCUpdated Dec 10, 2019 at 20:31 UTCFBI image via ShutterstockUS Arrests 3 in Alleged Crypto Mining Pool Fraud SchemeU.S. authorities arrested three alleged scammers attached to the BitClub Network Tuesday who successfully defrauded investors of $722 million through a mining pool Ponzi scheme.According to a press release, Matthew Brent Goettsche,…

The supply of bitcoin (BTC) and ether (ETH) on exchanges fell in June as ramped-up regulation and crime persuaded holders to prefer self custody, Goldman Sachs (GS) said in a report Tuesday, citing on-chain data.Supply of bitcoin, the largest cryptocurrency by market cap, dropped 4%, nearing the level of December 2022, itself the lowest since…

Oct 28, 2020 at 20:31 UTCUpdated Oct 28, 2020 at 20:39 UTCActing Comptroller of the Currency Brian Brooks asked for public input into how distributed ledgers might be used for banking services. (Credit: Andriy Blokhin / Shutterstock)Online Lender SoFi’s Application to Create a National Bank Conditionally Approved by USStudent loan and financial services provider SoFi’s…

Dec 8, 2020 at 9:23 a.m. UTCUpdated Dec 8, 2020 at 9:25 a.m. UTCCrypto Funds Have Seen Record Investment Inflow in Recent WeeksLast week, as bitcoin broke its all-time price high, institutional investors poured the second highest amount on record into cryptocurrency funds.According to a Reuters report citing data from digital asset manager CoinShares on…

news Canadian startup Paycase Global Corp. is suing TMX Group, for breach of contract after the operator of the Toronto Stock Exchange terminated their deal to create cryptocurrency-related products and services.  Paycase is claiming loss of revenue, loss of opportunity and loss of reputation and is demanding $500 million for damages and that TMX resumes…