Author: Fintech Crypto News

IBM to secretly enter the crypto custody market with latest tech designed for banks

Shuttle Holdings, an investment firm from New York, will soon launch an initial version of its cryptocurrencies custody solutions, the application is built on IBM’s encryption technologies and private cloud. Both IBM and Shuttle Holdings won’t be storing tokens or cryptocurrencies themselves, instead, they will offer tools for other companies to do the same. Shuttle’s chief investment officer, Brad Chun, said that banks, high net worth investors, brokers, family offices and custodians are the potential clients who are likely to be interested in self-custody. Chun also said, “We have a list of selected clients that we are launching limited...

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Australia is all set to hold the world’s very first live real-estate auction using cryptocurrencies

Binance, crypto exchange giant, has partnered with NuYen Exchange and James Pratt Auctions to launch the world’s very first live real-estate auction using crypto. The auction is set to commence on April 8th, 2019. Interested buyers can use BNB (Binance Coin) and BTC (Bitcoin) to purchase beach-front, modern properties in Casuarina, East Australia. Live Real-Estate Auction Real-estate is a completely new market for cryptocurrencies to tap into. Although there have been a few examples of crypto and property trades but this is the moment when crypto can actually be accepted as a mainstream alternate for centralized money. The announcement...

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Fidelity’s institutional makes Bitcoin trading and custody solution live for select clients

Fidelity Digital Assets, a division of Fidelity Investments, is making steady progress towards providing bitcoin trading and custody services for large financial institutions, including hedge funds, pensions, family offices, and endowments. Fidelity Digital Assets announced on March 7th that their services are live with some of its clients. Fidelity Investments, which is currently world’s fifth largest asset manager with over $2.5 trillion in assets under management, is bringing bitcoin and cryptocurrency trading and custody to the institutional investors in the U.S. The announcement on Jan. 31st, 2019 stated, “We have continued to build the technical and operational capabilities needed...

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US arrests alleged OneCoin leader as massive crypto scam unravels

U.S. prosecutors in New York have arrested a “top leader” of the OneCoin project, saying the project stole “billions” from investors through an alleged pyramid scheme. US Federal Bureau of Investigation (FBI) arrested OneCoin ringleader Konstantin Ignatov at Los Angeles International Airport (LAX) on March 6th. The government alleges that he was one of several masterminds behind the multi-billion dollar crypto pyramid scheme. The company has already faced fines and criminal actions around the world – particularly in India, where 22 promoters have already been charged. China has also levied charges against promoters of OneCoin, while several central banks...

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Binance coin soars, as Bitcoin and crypto markets lose billions

While Bitcoin and other major cryptocurrencies have lost some $5 billion over the last 48 hours as a long-running bitcoin sell-off again bears down on the market. Binance coin on the other hand there is one bright spot of green in the now familiar sea of red. The digital token from the world’s largest bitcoin exchange has risen 16% over the same period and is up an eye-watering 120% since the beginning of the year, according to CoinMarketCap, which tracks most major cryptocurrency prices. Over the recent days, binance coin has surged past stellar and tron to become the...

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