bitcoin

DIY Multisig vs. Collaborative Custody Multisig

Originally published on Unchained.com. Unchained is the official US Collaborative Custody partner of Bitcoin Magazine and an integral sponsor of related content published through Bitcoin Magazine. For more information on services offered, custody products, and the relationship between Unchained and Bitcoin Magazine, please visit our website.  Visit unchained.bitcoinmagazine.com for resources and special offers to upgrade your bitcoin security. Once someone

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Blockchain

Take custody away from crypto exchanges

Regulators looking to make their jurisdiction a regulated home for crypto need to revisit the rules of custody for digital assets. They should ban exchanges from holding client assets. Two scandals in the past month have rocked the region. JPEX, a crypto exchange that has lied about its domicile, was the subject of over 2,000 complaints to Hong Kong police

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Fintech

State Street Digital to pitch regulators on crypto custody

State Street Digital, the digital-assets arm of global custodian bank and investment manager State Street, will have a custody product ready to show regulators by the end of this year, says Irfan Ahmad, Singapore-based product lead for Asia Pacific, the Middle East and Africa. “We want to launch quality products for safekeeping keys and taking custody of digital assets,” he

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Blockchain

Texas House Advances Gold-Backed Digital Currency Bill

Texas has taken its first steps in order to approve a bill that would issue a 100% gold-backed digital currency. If enacted as law, the bill, which is being discussed by a Texas House committee, would create an electronic system for users to transact and pay with this digital currency and would also allow them to execute redemptions for the

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Blockchain

Nasdaq Aims to Launch Crypto Custody Services in Second Quarter

Nasdaq intends to launch its custody services for digital assets like bitcoin by the end of this year’s second quarter. The exchange operator is among those traditional financial firms that want to play a role as intermediaries in the crypto sector which saw the collapse of some major players. Stock Exchange Nasdaq Seeks Regulatory Approval as Crypto Custodian U.S. exchange

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Blockchain

US Crypto Holders Trust Banks and Exchanges for Custody

A recent survey conducted by Paxos has shown that American crypto holders still trust intermediaries such as banks, crypto exchanges, and mobile payment apps to hold their digital assets. The survey, which was conducted in January, aimed to understand how the crypto winter and large industry fallouts in 2022 affected consumer behavior and confidence in the crypto ecosystem. Despite the

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