Crypto News Today
Two of the world’s largest trustee banks, State Street and Citi, announce their entry into the coding detention market. With 46.6 trillion dollars and $ 25 trillion in the assets subject to reservation, respectively, both State Street and Citi are to reshape the Crypto Custody market. This was possible yet SAB 121, the US Securities … Read more
In a landmark decision, the US Securities and Exchange Commission (SEC) has officially rescinded Staff Accounting Bulletin (SAB) No. 121, a controversial rule that had long prevented banks from offering Bitcoin and crypto custody services. This move, announced Thursday, signals a significant shift in the SEC’s approach to regulating Bitcoin and Crypto and paves the … Read more
The British multinational financial giant Standard Chartered announced the launch of a new entity in Luxembourg to provide cryptocurrency custody services on January 9, 2025. The Luxembourg entity will enable the bank to offer secure and regulated crypto custody solutions to institutional clients across the European Union (EU). Commenting on the development, Margaret Harwood-Jones, Global … Read more
Standard Chartered has established a new entity in Luxembourg to provide secure crypto and digital asset custody services across the European Union. Laurent Marochini, former innovation head at Societe Generale, has been appointed to lead the Luxembourg entity. Competing with financial giants such as BNY Mellon and Fidelity, Standard Chartered aims to capture market share … Read more
A counterargument against the push for greater scalability with Bitcoin is that “most people aren’t going to self-secure anyway, so why bother?” This is an extremely presumptuous, arrogant and absolutely fallacious argument. It’s the same kind of logical fallacy that humans can’t help but make. The current state of the present is an indicator of … Read more