The U.S. Securities and Exchange Commission (SEC) is seeking public input on a proposal by Cboe BZX Exchange to add new custodians for bitcoin and ethereum exchange-traded funds (ETFs). The plan aims to enhance security by adding Anchorage Digital Bank and Bitgo alongside Coinbase as custodians for bitcoin and ether holdings. SEC Reviews Proposal for…
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Anchorage Digital has launched its first stablecoin rewards program for Paypal USD (PYUSD) holders, offering institutions a secure way to earn rewards. Available through Anchorage Digital’s platform and the Porto self-custody wallet, the program emphasizes security by avoiding rehypothecation, staking, or lending. Anchorage Digital and Paypal Unveil Secure Rewards Program for PYUSD Holders Anchorage Digital…
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Hashnote, a digital asset manager, has announced a partnership with crypto custody firm Anchorage Digital to offer secure investment returns for institutional clients. This collaboration integrates Anchorage’s custody services with Hashnote’s derivative strategies. Hashnote and Anchorage Join Forces to Reduce Counterparty Risk for Institutional Investors Investing in Crypto On Monday, Hashnote stated that the “collaboration…
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The San Francisco-based crypto bank Anchorage Digital has seen a surge in its business this year, as institutions seek safer ways to store their crypto, Bloomberg has reported. In the first quarter of 2023, Anchorage Digital’s assets under custody rose 80% compared to the prior quarter, the report said, while noting that the firm became…
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Anchorage Digital, a crypto bank based in San Francisco, is making substantial staff cuts in response to the current downturn in the crypto market and regulatory uncertainty in the United States. According to Bloomberg, the company is laying off 75 employees, or roughly 20% of its workforce. … Read More: Crypto Firm Anchorage Digital to Lay…
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It’s unclear whether Anchorage Digital’s layoffs relate to the current turmoil in the U.S. banking sector. Crypto bank Anchorage Digital announced it would be letting go of 75 employees, representing approximately 20% of its workforce, citing regulatory uncertainty in the United States as a factor in its decision. In a March 14 statement Anchorage labeled the…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Crypto News Summary: Asian Banking Giant Joins Singapore’s CBDC Effort, Hong Kong to Launch Crypto ETF, Argo Blockchain May Be Forced to Shut Down Read more »Sign up for e-EUR –…
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Anchorage Digital has marked its plans for expansion into the Asian crypto market, with co-founder Diogo Mónica noting that Singapore is just a starting point. Anchorage Digital co-founder and president Diogo Mónica believe there is immense opportunity in Asia’s institutional investors, with the digital asset infrastructure provider on Oct. 5 announcing a “major expansion” of…
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Following the introduction of the Crypto Market Integrity Coalition (CMIC) with 17 member firms last February, the organization has added eight new members. New coalition recruits include Bittrex, Merkle Science, Crystal Blockchain and Bitgo. 8 Crypto Market Firms Join Crypto Market Integrity Coalition to Improve Self-Regulation Seven months ago, 17 crypto firms announced the formation…
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The exchange custody network includes Binance.US, CoinList, Blockchain.com, Strix Leviathan and Wintermute. Crypto custody firm Anchorage Digital has recently formed an exchange custody network with five digital asset trading platforms to segregate institutional client funds from exchanges into regulated asset vaults. In an announcement, the custodian mentioned that it has partnered with Binance.US, CoinList, Blockchain.com,…
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