Month: June 2023

Casa launches multi-signature Ethereum self-custody vault

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Since its inception in 2016, Casa promoted multi-signature self-custody of BTC in the industry with its flagship Bitcoin vault allowing users to store the cryptocurrency using up to five keys for more distributed security. Casa’s service originally catered to Bitcoin ‘whales’ that were willing to spend $10,000 a year on custody, before opening its service to a broader base of Bitcoin users. The company has now added an Ethereum vault to its platform, with ETH holders also able to use up to five keys to secure their holdings. According to…

Winklevoss twins’ Gemini launches Ethereum staking in the UK

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Winklevoss twins’ cryptocurrency exchange Gemini continues to actively expand its services across the world, debuting Ethereum staking in the United Kingdom. On June 23, Gemini officially announced the expansion of Gemini Staking Pro in the United Kingdom. The service allows institutions and high-net-worth individuals to become Ethereum validators by locking up at least 32 Ether (ETH), worth around $60,000 at the time of writing. Provided by Gemini Trust Company, the institutional ETH staking program is immediately available on the Gemini web interface, the firm noted. At launch, Gemini Staking Pro…

CACEIS Bank Obtains French DASP License for Crypto Custody Services

CACEIS Bank is one of the first European banks to obtain the DASP license. The CACEIS Bank has obtained a DASP license from the French financial regulator AMF. CACEIS Bank is a subsidiary of Santander and Credit Agricole that services assets for institutional and corporate clients. With the license, the bank will be able to provide crypto custody services to its clients. President of Adan, Simon Polrot, praised CACEIS Bank for obtaining the license. He said: “It shows that France is at the forefront of crypto regulation in Europe and…

History, objectives and an overview of the global alliance

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BRICS is an acronym that represents an alliance of five major emerging economies: Brazil, Russia, India, China and South Africa. Jim O’Neill, an economist at Goldman Sachs, coined the phrase in 2001 to emphasize the combined potential of these countries in the global economy.  BRICS is an informal alliance that strives to foster collaboration and communication among its member nations rather than a formal organization or alliance with a legally binding contract. Here’s an overview of the history, objectives and key aspects of the BRICS alliance: History of BRICS O’Neill published…

Forensic analysis can benefit from tokenization: World Token Summit panel

At the recent World Token Summit 2023 event held in Dubai, a panel discussed how the adoption of tokenization can be scaled further through various tools like address tracking and forensics analysis. At the event, Cryptox spoke with Jeremy Firster, the global head of partnerships at Cardano Foundation, Meng Chan Shu, the head of business development at the Ras Al Khaimah Digital Assets Oasis (RAK DAO); and Ellis Wang, who works with the executive and advisory team at The Private Office of Sheikh Saeed bin Ahmed Al Maktoum. The group…

Bitcoin steadies above $30k, institutional interest fanning demand

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin has crossed the $30,000 threshold, fanned by growing institutional interest and favorable technical indicators. The potential approval of bitcoin spot exchange-traded funds (ETFs) is also being considered. Nonetheless, what lies ahead for this widely-used cryptocurrency remains to be seen. Bitcoin (BTC), the biggest cryptocurrency in the world, has risen above the $30,000 mark once again. This is noteworthy as BTC last reached this level back in April. BTC 3-month price chart | Source: CoinMarketCap There…

US Lawmakers Seek Answers from SEC Over Documents Linked to Sam-Bankman Fried’s Arrest

Michigan Rep. Bill Huizenga pointed out that the documents shared by the SEC contained minimal information, mainly consisting of public briefings on the collaborative efforts between the SEC and the Justice Department in the case of SBF. The Chairman of the United States House Oversight and Investigations Subcommittee, Bill Huizenga, has recently called out the US Securities and Exchange Commission (SEC) for its failure to produce appropriate documents associated with the charges and arrest of disgraced FTX founder Sam-Bankman Fried. During Thursday’s hearing on June 22, Huizenga said “100% of the…

FTX’s Sister Firm Alameda Seeks Return of $700M Bankman-Fried Paid for Celebrity, Political Access

Bankman-Fried appeared starstruck by a February 2022 party at Kives’ house where fellow guests included a former Presidential candidate, actors, reality TV stars, musicians and multiple billionaires. Within weeks, Bankman-Fried had signed a document promising to invest billions in Kives’ and Baum’s companies, with little details on what FTX would gain in return, the filing said. Source

Brian Armstrong Reveals Plans to Turn Coinbase Into a ‘Super-App’

Coinbase will work to become a “super-app” over the next 5 to 7 years. Coinbase CEO Brian Armstrong has not let the recent regulatory pressure from the US Securities and Exchange Commission (SEC), get to him. This follows after the SEC recently slammed the exchange with a damning lawsuit that has thrown crypto markets into uncertainty. In the face of all the uncertainty, however, Armstrong has continued to see great potential for the digital ecosystem. “We Want to Be That Super-App”, Says Brian Armstrong While speaking at Coinbase’s State of…