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Cryptocurrency Custody Giants Battle For Lions Share of Institutional Market

August 20, 2019 by Ashwath Balakrishnan at Business

The acquisition of Xapo by Coinbase has effectively created the largest digital asset custodian in the world, with nearly $8 billion in assets managed. But this has only intensified the competition as custodial stalwart BitGo has announced they will be offering Xapo customers one year of free service with a...

Around The Block With Jeff And Dave - November 11, 2019

Around The Block With Jeff And Dave – August 20, 2019

Another faketoshi has been announced - find out what he is all about! Coinbase buys Xapo and now holds $7B worth of cryptocurrencies, Rakuten, a large Amazon-like provider out of Japan announces a crypto exchange. Bank of America announces a crypto wallet patent and more! Join Us!

Coinbase Acquires Xapo, Becomes World’s Largest Digital Asset Custodian

August 16, 2019 by Ashwath Balakrishnan at News

Now boasting a cumulative $7 billion in assets under custodial arrangements, the acquisition of Xapo has rendered Coinbase as the single largest cryptocurrency and digital asset custody company. The registry of clients exceeds 120 different institutions in 14 countries. Xapo has been pioneering crypto assets, along with BitGo, since 2014,...

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...

“Bitcoin Is an Intellectual Experiment and Could Fail,” Says Xapo Founder Wences Casares

October 31, 2018 by Pratik Makadiya at Bitcoin, Blockchain, Finance, News, Platform, Tech, wallet

Wences Casares, the founder of bitcoin custody vault Xapo, believes that the cryptocurrency may take time to be successful, that is if it does. On October 29, 2018, reiterating his previous comments in an interview, Casares stated that the worlds biggest cryptocurrency is an "interesting experiment." Bitcoin is 1992 of the...

Square Becomes the Seventh Cryptocurrency Business to Receive BitLicense

June 21, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Blockchain, Business, Finance, News, Regulation

While many have criticized the New York authorities over the draconian nature of their BitLicense regulation, it appears the NYDFS has seen reasons to soften its requirements a bit to make it easier for more companies to receive the permit. Now, creators of the Square bitcoin app have been granted...

Xapo’s Bitcoin Wallet Adds Support for Segregated Witness

May 27, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Business, Finance, News

Back in August 2017, Segregated Witness (SegWit) was implemented for bitcoin; a protocol that’s aimed at alleviating the problems of scalability and high transaction fees. Now, Xapo has integrated SegWit into its wallets and vaults in a bid to serve its retail clients as well as institutional investors who use...

Switzerland Enters a New Era of Banking With Xapo Approval

January 30, 2017 by Evan Sixtin at Bitcoin, Business, Finance, News

After almost two years of negotiations and product restructuring, Xapo, "the Fort Knox of bitcoin" has achieved conditional approval from the Swiss Financial Market Supervisory Authority (FINMA) to operate in Switzerland. Although subject to conditions, the approval marks the beginning of a new era of banking in Switzerland, offering a...

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