Michael J. Hsu said that the mainstreaming of crypto has occurred despite regulatory and legal uncertainty, and a series of scams, hacks, and other disruptive events.

By John P. Desmond, AI Trends Editor  In a recent survey, senior business executives admitted to their sometimes unethical use of...

2021 State of Cybersecurity in the Financial Institution Industry 46% of institutions felt that the number of cyber incidents increased...

BitGo, a digital asset financial services provider, announced earlier this week it has appointed Cassandra Lentchner as the new Chief Operating Officer for BitGo Trust companies. According to...

Earlier today, US Senator Sherrod Brown, Chairman of the Senate Banking Committee,  issued a statement challenging the Office of the Comptroller of the...

The new head of the OCC thinks that the authority’s crypto rulemaking under Brian Brooks was not done in full coordination with all stakeholders.

The Chinese government has announced that it will be cracking down on financial institutions that get involved in the cryptocurrency business, while also warning investors about the speculative nature of crypto trading. The ban will prevent banks and other financial platforms from offering their clients any service related to cryptocurrency, including but not limited to [...]

The post Load The China FUD: Chinese Regulators Reiterate 2017 Financial Institution Ban appeared first on Blockonomi.

Michael J. Hsu, the Acting Comptroller of the OCC, said in a statement that the agency will review past crypto guidelines issued by the agency.

The post Crypto Guidelines in US Under Review by OCC appeared first on BeInCrypto.

The firm announced Tuesday it has onboarded former BitLicense compliance head Cassandra Lentchner as COO across all BitGo trusts.

The post BitGo onboards former NYDFS and BitLicense regulator as COO appeared first on The Block.

CryptoNinjas » Galaxy Digital acquires crypto custody and asset infrastructure provider BitGo

Galaxy Digital, a financial services and investment management company operating in the cryptocurrency and blockchain technology sectors, announced today that it has agreed to acquire BitGo, a bitcoin & blockchain-asset infrastructure provider. The deal is worth an estimated $1.2B based on Galaxy Digital’s closing share price on May 4, 2021. BitGo’s product suite is complementary […]

CryptoNinjas » Galaxy Digital acquires crypto custody and asset infrastructure provider BitGo

CryptoNinjas » FDT receives $2.15M bridge funding to introduce crypto card payment rails in Asia

First Digital Trust (FDT), an Asia-based qualified custodian and trustee capable of holding both traditional and digital assets, announced it has secured $2.15 million in funding to bring a digital asset payment service upgrade to the region. The convertible note round, led by private investors including Nogle, has enabled FDT to launch a debit and […]

CryptoNinjas » FDT receives $2.15M bridge funding to introduce crypto card payment rails in Asia

Digital asset custodian BitGo announced Wednesday that it has secured a total of $700 million in insurance coverage for the assets in custody in cold storage.

The post BitGo’s $700 million crypto custody insurance program: what it means and why it matters appeared first on The Block.