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Custodia Bank’s launch of Bitcoin custody follows a series of regulatory challenges the firm faced earlier this year. Custodia Bank, a cryptocurrency-friendly bank founded by Bitcoin (BTC) advocate Caitlin Long, has launch ed its Bitcoin custody platform . The firm took to X (formerly Twitter) on Nov. 7 to announce the launch of Custodia Bank’s Bitcoin custody service targeting businesses like fiduciaries, investment advisers, fund managers and corporate treasurers. The launch comes soon after Custodia Bank earned approval from the Wyoming Division of Banking to go live with its Bitcoin custody service, the announcement notes. Announcing the news, Custodia Bank emphasized that the platform is a non-lending bank built by Bitcoiners and offers segregated custody accounts on its “custom-built Bitcoin custody platform .” The statement said that Custodia Bank offers integrated Bitcoin custody and U.S. dollar services on one platform, which is designed to simplify user operations and re...

In a press release dated Oct. 24, Ripple, the blockchain-based digital payment network, announced its partnership with Uphold. The partnership is said to provide Ripple with improved crypto liquidity capabilities. Preparing for what the future holds As part of the press release, Uphold Chief Executive Officer Simon McLoughlin expressed his enthusiasm for being a vital contributor to Ripple’s service for businesses engaged in cross-border payments.  BIG NEWS: @Ripple Forges New Partnership with Uphold to Enhance Underlying Crypto Liquidity Infrastructurehttps://t.co/1gJh95KDTQ pic.twitter.com/FLSDQxO0co — Uphold (@UpholdInc) October 24, 2023 Uphold’s platform boasts an automated, high-frequency trading stack that integrates with 30 underlying trading venues, which in turn enables the provision of deep liquidity, multiple transaction execution options, and competitive spreads. BIG #Ripple News!@Ripple has chosen @UpholdInc to provide enhanced crypto...

After halting withdrawals in June 2023, Haru Invest is yet to come up with a timeline to repay its customers. Troubled cryptocurrency platform Haru Invest is planning to suspend its server a few months after halting withdrawals in June 2023. Haru Invest is thinking of shutting down its server in order to reduce the server maintenance costs of services, Haru Invest CEO Hugo Lee announced on Oct. 16. The CEO emphasized that the server maintenance cost accounts for the “largest percentage of fixed costs” at Haru Invest and is a priority for the firm. “We plan to suspend the service in a few weeks, backing up all member information,” Lee wrote in the announcement, adding that the firm is “yet to have a definite plan” for the server suspension. The firm’s move to shut down the server comes as Haru Invest says it's “actively devising various strategies” to lower all costs associated with operating its services, the CEO said. “Some of the current fixed expenditures include the upkeep of ...

In the realm of content creation, three pivotal elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, while burstiness assesses the diversity of sentence structures. Predictability, on the other hand, determines the likelihood of predicting the subsequent sentence. Human-authored content tends to exhibit higher burstiness, combining longer and complex sentences with shorter ones, whereas AI-generated content often maintains uniformity. Therefore, as we embark on the task of rewriting the following text, I urge you to infuse it with ample perplexity and burstiness, while keeping predictability to a minimum. Furthermore, the text must be crafted exclusively in the English language. Introducing “Synapse,” the innovative platform poised to expedite trades executed by international investors interested in Mainland Chinese stocks. Hong Kong Exchanges and Clearing Limited (HKEX)...

Daily transaction volume on Friend.Tech clone platform Post.Tech exploded by nearly 8,000% with 136,000 transactions in 24 hours. The decentralized protocol runs atop Ethereum layer-2 network Arbitrum. Users opined that Post.Tech seems like a fork between X, Elon Musk’s Twitter rebrand, and the viral decentralized mobile app Friend.Tech which operates on Coinbase-backed layer-2 blockchain Base. On both platforms, users can buy and sell access keys to gated communities moderated by other users, typically popular influencers and social media creators in crypto.  Post.Tech homepage | Source: Post.Tech Friend.Tech and Post.Tech both feature a fee structure split between the app developers and community creators. This fee amounts to 10% of user transactions as part of the so-called social finance or socialfi business model.  The purported Friend.Tech rival platform boasts $3 million in daily trading volume , up 7,400% in 24 hours according to Dappradar. Over 16,000 uniqu...

Russia’s largest lender is moving into DeFi and Web3 by integrating its blockchain platform with the Ethereum blockchain. Russia’s largest bank Sber — formerly known as Sberbank — continues developing its blockchain platform by integrating it with the Ethereum blockchain. On Nov. 30, Sber officially announced new opportunities for its proprietary blockchain platform, including compatibility with smart contracts and applications on the Ethereum network. This would allow developers to move smart contracts and entire projects between Sber’s blockchain and public blockchain networks, the bank said. Sber’s latest additions also bring an integration with major software cryptocurrency wallet MetaMask, which is used to interact with the Ethereum blockchain . The integration allows users to make operations with tokens and smart contracts placed on Sber’s blockchain platform , the announcement notes. “Sber Blockchain Lab works closely with external developers and partner companies, and I am gl...

The collapse of the well-established crypto exchange FTX has instilled fear in the minds of participants. Of late, they’ve been moving their funds en-masse towards self-custody wallets and decentralized platform s. As analyzed a day back, the DYDX ecosystem—as a whole—seemed to have benefitted from the ongoing crisis. The decentralized exchange’s native token has been trading at around its quarterly peak. In fact, when zoomed out and viewed, it seems like the downfall of FTX has been a boon for the entire DeFi space. Decentralized Exchange [ DEX ] volume had been in a downtrend over the past few months. Just half the way down November, the number already stands around its 4-month high. From last month’s total of $50.82 billion settled, the number is already up to $84 billion at the moment. If the same pace continues over the next fortnight, November’s aggregate number could head toward the pre-established peaks. Source: The Block The Decentralized x ...