#Bitcoin Custodian News

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ING Bank to Offer Cryptoassets Custodial Services by 2020

December 12, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

ING Bank, a Dutch multinational financial services corporation with total assets of $1.1 trillion, has announced that it’s actively working on its blockchain-based virtual currency custodial platform, to enable its clients to store their bitcoin (BTC) and altcoins securely. Though the custodial solution is still in its early stages, the...

Cryptocurrency Custody Services are Missing a key Ingredient: Inheritance Clauses

Awareness and Education are the Main Obstacles to Secure Cryptocurrency Custody

August 19, 2019 by Ashwath Balakrishnan at Bitcoin

The self-custodial model of cryptocurrencies, while radical and enticing, has proved to be disastrous for people who don't take the time to understand the nuances of the process. In an interview with CNBC, August 18, 2019, Coinbase Chief Information Security Officer (CISO), Phillip Martin, discusses the challenges to securely storing cryptocurrency....

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Coinbase Bitcoin Custodial Service Aiming to Hit $2 Billion in Assets

June 17, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin, News

Coinbase Custody, the blockchain-based digital assets custodian that claims to function as a standalone, independent-capitalized business to Coinbase cryptocurrency exchange, has revealed via a tweet on June 13, 2019, that it currently holds nearly $1.5 billion in cryptoassets under custody and it’s working hard to up that number to $2...

Coinbase Exchange Set to Acquire Xapo for $50 Million

May 17, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin, Business, News

Coinbase, a leading United States-based cryptocurrency exchange is rumoured to be interested in acquiring Xapo, a Hong Kong-based firm providing highly secure bitcoin custodial services to institutional investors via its cold storage vaults, for about $50 million, reports The Block on May 16, 2019. Coinbase Interested in Xapo Per sources...