Coinbase’s CEO Announces $1 Billion In Crypto Being Managed By Custodial Service Coinbase Custody has had 70 institutions sign up for their service. Coinbase Pro’s trading volume is predominantly generated by institutions. The Coinbase Custody exchange service only launched about 12 months ago, but it has already had plenty of success. According to CEO Brian Armstrong, the service already has $1 billion in assets under management (AUM). During the Consensus 2019 event, Armstrong spoke at an on-stage discussion when he was asked by Paul Viga, the moderator of the panel and a reporter for the Wall Street Journal, about institutional involvement in cryptocurrency. Armstrong stated that the custodial platform, was launched a year ago, and they’ve already had 70 institutions sign up with them. There’s $150 million AUM being added each month, which Armstrong considers a success. However, Armstrong was quick to note that the institutions are not just around to leave their funds sitting idly
A hash-based accumulator called Utreexo could address one of Bitcoin’s scalability concerns.
The post Bitcoin’s Growing UTXO Problem and How Utreexo Can Help Solve It appeared first on Bitcoin Magazine.
Tracing China’s $3 billion crypto scam.
The post How the PlusToken Scam Absconded With Over 1 Percent of the Bitcoin Supply appeared first on Bitcoin Magazine.
iFinex claimed the NY AG lacked sufficient jurisdiction for an investigation into the company’s activities.
S&P 500 stock Estee Lauder is pricey, but there may be another way for investors to play retail and capitalize on strong consumers.
The New York State Supreme Court has ruled that Bitfinex is in the jurisdiction of the state’s Attorney General, allowing for a continuation of its investigation.
A department of the Israel Ministry of Finance is looking to drive fintech competition with industry teams and licensing help.
Staffers at CoinCorner, a British bitcoin trading venue and exchange founded in 2014, now receive part or all of their salaries in cryptocurrencies including bitcoin, ether, and XRP, via CoinCoiner Checkout, a crypto payments solution that eliminates the risks of price volatility for users, reports IOMToday on August 19, 2019. CoinCorner…
It is difficult to know whether more sophisticated crypto custody solutions are paving the way for institutional investors or vice versa.
The New York State Supreme Court has decided that it has jurisdiction to rule over the case between the New York Attorney General (NYAG) and iFinex, the parent company of cryptocurrency exchange Bitfinex. The decision now allows the NYAG to continue its investigation, according to a filing. iFinex previously appealed to the court to halt …
Bitcoin’s recovery from its recent drop to lows of $9,500 signals that buyers are currently in control of it, but BTC may soon incur major volatility.
According to Jeremy Allaire, the price increases in Bitcoin since the beginning of the year were driven by more than just Chinese investors seeking to
Quantstamp, a blockchain security company developing automated security tools such as the Quantstamp Security Network, has announced it is open-sourcing