How This Company Lost 99% Of Its Clients Funds Shorting LUNA

Per a report from Sedaily, the trading arm of Korean startup Uprise has lost of all its clients’ funds. The platform was used by wealthy individuals and institutions to trade crypto futures contracts via an artificial intelligence (AI) tool.

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Morgan Stanley offers wealthy clients access to Bitcoin funds

Morgan Stanley has become the first major US bank to offer high net worth…

The post Morgan Stanley offers wealthy clients access to Bitcoin funds appeared first on Coin Journal.

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Major U.S. Bank Morgan Stanley to Offer Bitcoin Funds to Wealthy Clients

Morgan Stanley, one of the world’s largest banks, has published a note recognizing Bitcoin as an investable asset class. The Wall Street investment bank believes that the crypto is reaching a threshold, recommending it to play a role in a diversified investment portfolio.

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Huge Milestone for Bitcoin Adoption as Morgan Stanley Now Lets Wealthy Clients Own Largest Cryptocurrency

Morgan Stanley has become America's first banking institution to offer its clients access to Bitcoin funds

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Altshuler Shaham Investment Buys $100 Million Bitcoin

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JPMorgan advises clients to invest 1% of funds in Bitcoin

JPMorgan has advised its clients to allocate 1% of their funds to Bitcoin as…

The post JPMorgan advises clients to invest 1% of funds in Bitcoin appeared first on Coin Journal.

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Growing Number of Clients Bought ETH, But Only A Select Group of VC Funds & Family Offices Investing in DeFi: Coinbase

DeFi remains retail-driven just like the early days of Bitcoin adoption, says Coinbase whose clients are interested in Ethereum’s evolving potential as a store of value and its status as a digital commodity.

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Blockchain Bites: Coinbase Wants to Crowdsource Asset Listings; What’s Up With Tether’s Bank?

Deltec invested some clients' funds in bitcoin, but not Tether's, the bank confirms. So what exactly is backing tether?

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Grayscale temporarily stops accepting new investors in six crypto funds

Grayscale Investments, a leading crypto asset manager, has temporarily stopped accepting new clients in six crypto funds. The asset manager published this information on its website on December 21, noting that its Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, and Digital Large Cap Fund Trusts are currently unavailable for new investors.

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US SEC Answers to Provide Guidance on Institutional Crypto Custody

The United States Securities Exchange Commission (SEC), one of the main regulators in the country, is looking into which institutions can act as a qualified custodian for clients’ funds a few weeks after the Wyoming Division of Banking issued a no-action letter to a Jackson-based Two Ocean Trust, a charted public trust company, Decrypt reports on Nov 10.

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P2P Trading Platform, Paxful, Exits Venezuela; Due to Regulatory Risks From US Sanctions

Paxful, the North American P2P Bitcoin trading service provider, is exiting the lucrative Venezuelan market according to an email shared with its clients on September 15. The firm notified its Venezuelan users that they have a month to withdraw their funds and will no longer be facilitating the creation of new accounts by prospects residing […] The post P2P Trading Platform, Paxful, Exits Venezuela; Due to Regulatory Risks From US Sanctions first appeared on BitcoinExchangeGuide.

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Banks and Hedge Funds Platform Integrates Bitcoin and Ethereum

A platform for banks and brokers, private banks, hedge funds, and asset managers, has integrated bitcoin and other cryptos. “Our clients are already dipping their toes into crypto,” TradingScreen says,...

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Bitfury Announces Bitcoin Mining Investment Program For Institutional Clients

Bitfury, one of the oldest Bitcoin mining firms established back in 2011, has announced a Bitcoin mining investment program for institutional investors on May 26th. This investment program is set to offer an innovative way for institutional funds and family offices to diversify their portfolio and get exposure to the Bitcoin verse. These institutional clients […]

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Coinbase Custody Adds Staking Support for Cosmos, Tezos and Alogorand

Clients can now earn income on their holdings without having to risk their funds on the speculative market. Coinbase Custody has added support for staking Cosmos (ATOM), the US-based crypto exchange announced via a Medium blog post.

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CoinDesk Live: 2019’s Most Catastrophic Crypto Caper

QuadrigaCX, you know the story: Dead CEO, $190 million of customer's funds missing, mismanagement, conspiracy. But where are we now in terms of making crypto clients whole?

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Cryptopia Customers Win Important Court Ruling Regarding Hacked Funds

Clients of the embattled New Zealand-based Cryptopia exchange will be celebrating today following a court order which deemed the assets to be the property of account holders. Cryptopia went into liquidation in May 2019 following a $16 million hack in January of the same year.

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Silvergate Bank Clients Experience Money Transfer Issues from Fedwire

Cryptocurrency-friendly Silvergate Bank has had problems with clients being unable to transfer funds to the platform since Friday

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Leading French Bank, BNP Paribas, is Blocking Transfers to Coinbase Crypto Exchange

International French banking giant, BNP Paribas, is allegedly blocking funds transferred to Coinbase crypto exchange. According to one of the bank’s clients, this action began just recently given they could use BNP Paribas as an intermediary at the beginning of March.

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Crypto Bull Tim Draper-backed Coinhako, Temporary Freezes Withdraws After An Attack

Following a sophisticated attack, Coinhako crypto exchange which enjoys the backing of Tim Draper, announced that it was restricting its clients from withdrawing their funds. The exchange which operates in Singapore announced on Friday that it had temporarily suspended the crypto account send capabilities.

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Upbit Blames South Korea’s Taxation and KYC Hurdles in Foreigners’ Frozen Funds Saga

Upbit crypto exchange woes are still on after it emerged that foreign clients to this South Korean firm are yet to withdraw their ‘frozen’ funds. The platform suffered a blow when close to $50 million worth of Ether was stolen upon a successful hack towards the end of 2019. Most of the affected clients are […]

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BT360 Crypto Wallet And Website Go Dark, Users Fear Exit Scam

Israeli crypto wallet and quasi-exchange, BT360 has left users concerned for their funds after its website and social media accounts were taken down. Clients have also claimed that wallets created by BT360 cannot currently send funds out, causing some to fear an exit scam.

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WisdomTree Mulls New Stablecoin as US Money Manager Drives Toward Crypto

WisdomTree, an asset manager specializing in exchange-traded funds, is vying to become one of the first established U.S. financial firms to offer clients digital assets, including a so-called stablecoin whose value is closely linked to the U.S. dollar.

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Why Proof of Reserves Is Important to Bitcoin

As the allure of holding fractional reserves increases, proof of reserves can help clients of custodial platforms verify if their funds are there or not. The post Why Proof of Reserves Is Important to Bitcoin appeared first on Bitcoin Magazine.

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Is Security of Crypto Exchanges Far From Being Infallible?

Is it possible for a crypto exchange that stores clients’ funds to be 100% secure? The short answer is no, but there are some nuances to consider. #Sponsored

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BitGo Requests Its Users to Convert/Move BSV Assets

BitGo, the digital currency management firm has asked its clients to consider transforming or transferring their BSV (Bitcoin SV) assets. The request to alter any funds held in this altcoin was issued as a result of a compatibility issue.

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Sarson Funds partners with Vertalo for cap table management and tokenization

Vertalo, a provider of software for digital assets, connecting broker-dealers, issuers, custodians and exchanges through its B2B SaaS platform, today announced a new partnership with Sarson Funds, a provider of cryptocurrency educational services and investment vehicles designed for the financial advisor community and their clients.

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Danske Bank Caught Using Gold Bullion to Launder Illicit Funds

The Danish financial institution Danske Bank has been embroiled in a massive money-laundering scandal associated with an Estonian branch that allegedly laundered $223 billion in an eight-year period.

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Review of Gitcoin Quadratic Funding Round 3

Special thanks to the Gitcoin team and especially Frank Chen for working with me through these numbers The next round of Gitcoin Grants quadratic funding has just finished, and we the numbers for how much each project has received were just released.

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Сумма открытых длинных позиций по биткоину на CME удвоилась за октябрь

В октябре трейдеры удвоили сумму открытых длинных позиций по биткоин-фьючерсам с 500 BTC до более чем 1000 BTC на Чикагской товарной бирже (CME). Long positions held by institutional accounts at the CME have been rising again in October.

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Аналитики отметили рост длинных позиций институционалов по BTC-фьючерсам CME

Длинные позиции институциональных инвесторов по биткоин-фьючерсам Чикагской товарной биржи (CME) растут в этом месяце после обвала в сентябре, обращает внимание аналитическая платформа skew. Long positions held by institutional accounts at the CME have been rising again in October.

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CFTC Crush Fraudulent Crypto-Powered Binary Options Scheme

The United States Commodity Futures Trading Commission (CFTC) has taken action against Circle Society, Corp and its founder, David Gilbert Saffron for defrauding people through a Ponzi scheme disguised as a bitcoin-powered $11 million binary options trading project.

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Marshal Lion Group Coin ICO

Marshal Lion’s issue objective is to create a special blockchain-based platform that will grant investors easy, safe and comprehensive access to the non-bank lending market, as well as to provide a tool to allow convenient use of this platform - a token.

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Blockchain asset custodian Copper processes $500M since June launch

Blockchain asset custodian Copper processes $500M since June launch - CryptoNinjas Copper, a London-based custodian for digital assets, announced that since launching its infrastructure in June, it has processed over $500 million in transactions, growing each month.

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Gemini Exchange To Launch Sub-Accounts Feature For Institutional Investors

Gemini exchange which is owned by the Winklevoss twins has recently announced that they are introducing a sub-accounts feature for institutional clients. We're excited to introduce Gemini Sub-accounting for our institutional clients! Sub-accounts allow institutions to segregate trading strategies, funds and end customers across multiple sub-accounts under one master account. Learn more about it here: […]

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Gemini bitcoin exchange adds sub-account management

Gemini bitcoin exchange adds sub-account management - CryptoNinjas Gemini, the New York registered bitcoin exchange company, today introduced a new sub-accounts feature for institutions. The feature allows institutional customers to create and manage multiple accounts under a single master account.

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Bitcoin’s Lightning Network has security vulnerabilities that could cause loss of funds

Security vulnerabilities have been discovered in “various” Bitcoin Lightning Network projects that have potential to cause users to lose their cryptocurrency. Those running Lightning Network nodes have been advised to upgrade their clients as soon as possible, including those related to popular wallet solution Eclair.

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The Dawn of Hybrid Layer 2 Protocols

Special thanks to the Plasma Group team for review and feedback Current approaches to layer 2 scaling - basically, Plasma and state channels - are increasingly moving from theory to practice, but at the same time it is becoming easier to see the inherent challenges in treating these techniques as a fully fledged scaling solution for Ethereum.

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Insured Staking: How Much Longer Can Institutions Resist?

Institutional investors are either the bane of crypto, or its savior. It just depends on who you ask. For some, major institutional involvement is a validation of the theory that digital assets must have inherent value – after all, risk-aversion is a well-established characteristic of those who are accountable for the funds of their clients.

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Chinese Authorities Are Investigating EtherDelta Over Possible Exit Scam

The crypto trading platform EtherDelta is currently being investigated by the Chinese police over allegations of exit scam, which is when a company vanishes with funds from clients. In this case, EtherDelta is being accused of selling tokens during an Initial Coin Offering (ICO) and then abandoning the platform. EtherDelta was a platform that was […]

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Kraken to Enable Worldwide Fiat Funding Options

A partnership with custodian Etana will enable Kraken clients to wire funds to their exchange accounts.

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BlackRock CEO Larry Fink Says Libra Is Not A Cryptocurrency, Wants Technology To Interchange Currencies

BlackRock is the largest money-management firm in the world with more than $6.5 trillion in assets under management and Larry Fink is their CEO with over a billion dollars of net worth. He appeared on CNBC recently: Fink said many of his clients and hedge funds are taking risk off the table. However, he believes […]

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UPDATE: Clients rush to withdraw funds as Bitmex under CFTC investigation

Bitmex, one of the largest cryptocurrency trading platforms in the world, has seen significant success by providing traders with high-leveraging and being a pioneer in providing crypto derivatives.

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Bitpoint Plans to Refund $30 Million to Hack Victims

Japanese crypto exchange operator Bitpoint pledged to compensate the victims of the recent hack. The company plans to refund about $30 million worth of cryptocurrency. About 50,000 Clients Affected by the Hack On Tuesday, Bitpoint published an update on its website, revealing the amounts of stolen crypto.

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Coinbase Unveils Plans to Launch Global ‘Captive’ Insurance Services

Coinspeaker Coinbase Unveils Plans to Launch Global ‘Captive’ Insurance ServicesCoinbase is involved in deep talks with Aon with an aim of creating a regulated ‘captive’ insurance company to shield its clients from hackings and unexpected loss of funds.

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DX Exchange Introduces “Smart Leverage” Tokens

A new form of digital asset vehicle will allow retail investors to make leveraged trades in cryptocurrencies without breaking strict European laws on trading products. Estonia-based DX.Exchange has announced the launch of Smart Leverage Tokens – also dubbed ‘Turbo Tokens’ – that will allow clients to trade on margin without borrowing funds or having to […] The post DX Exchange Introduces “Smart Leverage” Tokens appeared first on Crypto Briefing.

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BornTec clients can now connect to Seed CX digital asset exchange

Seed CX, which through its subsidiaries operates a licensed bitcoin exchange for institutional investors, today announced a partnership with BornTec, a technology services provider to banks, institutions, hedge funds, and asset managers.

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Brazilian BTC Exchange Faces Numerous Lawsuits From Clients Unable to Access Funds

A bitcoin exchange in Brazil is being sued for retaining funds against request, citing ongoing attacks against the exchange since May as root of issue

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Komodo Blockchain Self-Hacks Its Agama Wallet to Protect 8 Million KMD and 96 BTC from Attackers

Blockchain based crypto wallet provider Komodo has confirmed that it successfully took all cryptocurrency from the affected wallets to thwart a plan by fraudsters from accessing its clients’ funds. After identifying a vulnerability in one of its older apps, Agama, the company used the same backdoor to shield the $13 million worth of cryptos from […]

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Bitcoin Is The ‘Holy Grail’: How Institutions Are Changing Crypto

Institutions are increasing their involvement in cryptocurrencies. In the past year, investment banks gave their clients access to digital assets, Fidelity Investments set up a trading desk and custodial solution, and endowment funds have made significant inroads.

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