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Tag Archives: Services

Coinbase Reportedly Secures $20 Billion Hedge Fund Through Its Prime Brokerage Services

Major U.S. crypto wallet and exchange Coinbase has reportedly secured a $20 billion hedge fund for its custody service, Business Insider reports July 19. Coinbase launched “Coinbase Custody,” its digital assets custodian solution for large institutional investors, on July 2. The new service is notably secured through an independent broker, Electronic Transaction Clearing (ETC), that operates in compliance with the ...

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Litecoin Founder Says in ‘Best Case’ Recent Bank Stake Could Result in Crypto Services

Litecoin founder Charlie Lee posted on Reddit today, July 17, to clarify his position within the Litecoin Foundation and the future of the Foundation following its acquisition of a stake in German bank WEG Bank AG. In his post, Lee mentioned the possibility of the bank offering crypto services. Last week, the Litecoin Foundation acquired a 9.9 percent share in ...

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BitPay Receives BitLicense from New York Department of Financial Services

Global crypto payments processor BitPay has been granted a BitLicense by New York сtate’s financial regulator, according to a press release shared with Cointelegraph July 16. The recently acquired virtual currency license from New York’s Department of Financial Services (NYDFS) will allow BitPay to do business with customers and companies based in the state. Additionally, New York-based business will be ...

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Riyadh City Picks IBM to Integrate Blockchain in Government Services

The municipality of Saudi Arabia’s capital city Riyadh has partnered IBM to facilitate government services and transactions on a blockchain. Under terms of the partnership, early blockchain-tech mover IBM will work with Elm Company, the municipality’s technology partner, to develop an implementation strategy to plug government transactions and commercial services to citizens and residents on a blockchain, ITP.net reports. The ...

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Riyadh Municipality Partners with IBM to Develop Blockchain for Government Services

Riyadh Municipality, Saudi Arabia, has partnered with IBM to jointly develop a strategy to streamline government services and transactions on а blockchain, news outlet ITP.net reported July 11. The move was made in accordance with an authoritative decision of the Government of Saudi Arabia to work on improving the quality of municipal services for customers and integrate leading technologies into ...

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SolarisBank Extends its Retail Banking Services to Cryptocurrency Firms

Financial institutions around the world have shown an appetite for cryptocurrency services, though launching those features has been delayed somewhat. SolarisBank, one of Germany’s fintech firms with a banking license, is planning to introduce cryptocurrency banking solutions. Clients will be able to create a custom retail banking experience. SolarisBank and Cryptocurrency Services Fintech firms with a banking license have shown a growing desire ...

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Switzerland’s Stock Exchange Will Offer Cryptocurrency Services in Early 2019

Financial service providers have shown an increasing interest in cryptocurrency. Multiple banks are mulling the idea of setting up cryptocurrency trading desks. Doing so will take a lot of time and effort. In Switzerland, the domestic stock exchange and a digital exchange are set to offer cryptocurrency-related services. Switzerland Continues to Surprise It is evident that various European countries are ...

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Swiss Regulators Aim to Give Crypto Firms Better Access to Financial Services

Switzerland is attempting to position itself as a hub for cryptocurrency activity. Surprisingly, it seems the country’s policymakers are intent on bridging the gap between cryptocurrency and traditional banking. Depending on how the current situation evolves, cryptocurrency firms may soon have full access to traditional banking services. Switzerland Embraces Cryptocurrency Multiple interesting cryptocurrency-related developments have taken place in Switzerland over ...

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A ‘Boutique’ Approach: Unique Services for Traders Found at Smaller Exchanges

Why major crypto exchanges are not the silver bullet? What services do smaller scale exchanges win over their larger counterparts? A boutique approach proves to be more inclusive and sometimes more efficient than a mass-market approach. This is also true for the crypto space. The crypto exchanges space has been under scrutinize and debate for quite a while now. Let’s ...

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Binance Resumes Suspended Services After ‘Irregular’ SYS Trading Risk Alert

Binance has now resumed services after it announced the suspension of all trading and withdrawals Wednesday, July 3. The temporary suspension was due to an alert over “irregular” Syscoin (SYS) trades “from a number of API users.” Binance subsequently chose to suspend trading, withdrawals and other account functions, as well as to take a series of further measures in order ...

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