Fidelity Digital Assets Gets NY Trust Charter to Custody Bitcoin for Institutions
The New York Department of Financial Services has granted Fidelity Digital Assets Services (FDAS) a charter to operate as a limited liability trust company to custody digital currencies and execute crypto trading.
FinCEN: Stablecoin Issuers Are Money Transmitters, No Matter What
“Just because you say you are a banana doesn’t make you a banana,” said Director Blanco.
Bakkt, Fidelity Will Store Galaxy Digital’s New Bitcoin Fund Holdings
Galaxy Digital is tapping Bakkt and Fidelity Digital Assets to store the bitcoin for its two new funds.
Grayscale’s Bitcoin Trust Seeks SEC Reporting Company Status
Grayscale Investments has filed to register its bitcoin trust as an SEC reporting company, potentially the first crypto vehicle to attain such status.
Blockchain Capital Leads $25M Funding Round for Libra Member Bison Trails
Bison Trails has secured a $25.5 million Series A round led by Blockchain Capital to develop the firm’s infrastructure services.
When Lambo? Crypto’s Favorite Automaker to Track Cars on Salesforce Blockchain
Automobili Lamborghini, the manufacturer of the most craved sports cars in crypto, will trial blockchain tech in its supply chain operations.
PayPal Joins $4.2M Round for Crypto Banking Compliance Startup
Reddit founder Alexis Ohanian’s Initialized Capital, Blockchain Capital and PayPal Ventures are backing TRM Labs in its effort to help financial firms manage crypto risk.
Canada’s Einstein Exchange No Longer Has Bulk of Users’ Claimed CA$16M: Receiver
The exchange, taken over by a Canadian securities regulator two weeks ago, has just CA$45,000 in crypto and cash left.
IRS Focusing on Potential Illicit Activities Facilitated by Bitcoin ATMs: Official
The Internal Revenue Service is looking at bitcoin ATMs and their potential to facilitate illicit activities, its criminal investigation chief said.
Bitcoin Price Faces Deeper Dive as Bear Cross Confirmed
Bitcoin looks set to test support at $7,520 after a bearish cross was confirmed Monday and recent gloomy China news.