According to River Research, Bitcoin's losses due to self-custody mismanagement have exceeded exchange-related events, totaling about 1.60 million BTC (worth over $1.50 billion), higher than the 1.20 million BTC (over $1.10 billion) losses caused by the Mt. Gox hack and the FTX bankruptcy. The study used a probabilistic model to analyze wallet activity and found that long-term (more than 10 years) unused wallets account for the main share of losses, while short-term inactive wallets have a lower...
According to market sources, the Brazilian central bank has proposed banning the transfer of stablecoins to self-custodial wallets such as MetaMask and Trezor.
Swiss bitcoin self-custodial app Relai has announced an increase in its holdings of 13 BTC.
According to official news, self-custodial cryptocurrency software platform Exodus Movement, Inc. (OTCQX: EXOD) today released an update on its digital asset and cash holdings and the processing volume of its trading platform providers. Preliminary results highlights (unaudited) for the fourth quarter of 2024 include: During the two-month period from October 1, 2024 to November 30, 2024, the transaction platform provider handled $1.26 billion, compared to $960 million for the entire quarter in t...
Bitcoin self-custody application Relai announced the completion of $12 million A round of financing, led by venture capital fund Ego Death Capital, Timechain and Solit Group, etc. As of now, Relai's total financing has reached about $20 million, and its valuation has been raised from $60 million (before the investment) to $72 million (after the investment).
Swiss bitcoin trading and self-custody app Relai completed a $12 million Series A round led by bitcoin-focused VC Ego Death Capital with $4 million, with participation from Plan B Bitcoin Fund, Timechain, and Solit Group.
Applied Digital, a bitcoin mining escrow and Cloud as a Service company, plans to raise $375 million through a private placement of convertible notes. The notes have an annual interest rate of 2.75% and will expire in 2030, and initial purchasers can buy an additional $75 million. The company plans to use some of the funds to trade capped options to hedge shareholder dilution risk and invest about $84 million in share buybacks. Applied Digital is not directly involved in bitcoin mining, but prov...
Bolivian bank Banco Bisa has launched a stablecoin custody service that allows customers to buy, sell and transfer USDT. The service will enable users to hold their assets, send them to relatives and make cross-border transfers, Bisa said. Yvette Espinoza of the Bolivian financial regulator Autoridad de Supervisión del Sistema Financiero (ASFI) supports the bank's move, saying it allows customers to trade cryptocurrencies within the country's regulatory framework. The regulator says it reduces ...
Balance, a Canadian crypto custodian, has announced that it has been qualified as a custodian. So far, crypto ETF assets issued by Canadian ETF providers 3iQ, Purpose Investments and Evolve have been held by companies such as Coinbase and Gemini under sub-custodian arrangements in the United States.
Bitcoin mining hosting provider Revolve Labs plans to build an artificial intelligence data center in central Minnesota after withdrawing a mining expansion proposal due to community opposition, TheMinerMag reported. Revolve Labs held a meeting with the Glencoe Economic Development Authority in September and plans to expand its facility in the city to accommodate one or two AI data centers as well as cooling systems and backup generators. The project is expected to have a capacity of 10 trillion...
Ripple announced the launch of a crypto custodian service designed to help banks and fintech companies store digital assets. These new features include integration with Ripple's XRP Ledger blockchain platform, anti-money laundering risk monitoring, and a user-friendly interface. Ripple hopes to expand its business beyond its core payment settlement platform, RippleNet, with this move. The company's Ripple Custody brand will offer customers the ability to tokenize real-world assets and allow for ...
Arkham data shows that in the past half hour, Fidelity Custody cold wallet addresses have transferred a total of 229,234 ETH to unmarked addresses starting with 0x6970, worth about $597 million. In addition, another address of Fidelity Custody transferred about 2,000 BTC to an unmarked address starting with 3HFc92, worth about $127 million.
BlackRock has amended its custody agreement with Coinbase, updating the operating procedures for its iShares Bitcoin Trust ETF. According to a filing with the Securities Exchange Commission on September 16, the amendments to the Coinbase Prime Broker Agreement introduce changes aimed at improving withdrawal processes and asset management during open trades. These...
Binance US chose Fireblocks to enhance cryptocurrency custody and staking services, assuring users and regulators that customer assets on the exchange are handled securely and in compliance, while also supporting crypto token staking services. The companies said Wednesday that the company will use Fireblocks wallet technology to support hot and cold custody, customer deposits and withdrawals. Fireblocks' key management system will also help expand the exchange's staking services.
Cryptocurrency custodian platform BitGo has announced the deployment of its Wrapped Bitcoin (WBTC) on the Avalanche and BNB chains using LayerZero's OFT standard. Previously, WBTC was already running on networks such as Ethereum, Base, Tron, and Polygon. BitGo said that this deployment also ensures the secure verification of transactions through a decentralized validator network (DVN).