Category: cold storage

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Binance to let institutions store crypto with cold custody

The Mirror service is based on Binance Custody and involves mirroring cold-storage assets through 1:1 collateral held on a Binance account. Amid the centralized cryptocurrency exchanges (CEX) crisis, crypto exchange Binance is moving to improve its institutional trading services with cold-custody opportunities. On Jan. 16, Binance announced the official launch of Binance Mirror, an off-exchange settlement solution that…
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FTX Fiasco boosts Bitcoin ownership to new highs: analysts weigh in

Data analytics firm Glassnode, hardware provider Trezor and Bitcoin exchange Relai observe an uptick in Bitcoin self-custody. The bear market has inspired the little guy to accumulate vast amounts of Bitcoin (BTC).  The number of wallets holding 1 BTC or more recently hit new highs while those with 10 BTC or less are setting accumulation records.…
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Bitcoin addresses holding at least 1 BTC close in to a million

Exchange balances continue to deplete while the number of “wholecoiner” Bitcoin addresses hits new highs. Smaller wallet addresses in the Bitcoin (BTC) ecosystem continue accumulating BTC despite market turmoil. The number of known addresses on the Bitcoin blockchain that hold 1 BTC or more has hit a new all-time high. According to blockchain analytics company…
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Crypto.com accidentally sends 320k ETH to Gate.io, recovers funds days after

Crypto.com CEO confirmed the return of the funds and reassured the investors that new processes and features were implemented to prevent a reoccurrence. The fall of FTX highlighted the importance of proof of reserves in averting risks and improving investor confidence, urging leading crypto exchanges to publicly list down their cold and hot wallet addresses.…
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Crypto Casinos Are ‘Impossible to Rig Because the Game Is Hosted on a Blockchain’ — Online Casino Reviewer

According to an igaming expert, Keane Ecclestone, crypto casinos are increasingly popular with bettors that value their privacy and security. While some perceive crypto casinos to be riskier than traditional online gambling platforms, Ecclestone believes bettors can play safely by choosing casinos that avail their licensing information. Bettors can also minimize risks by choosing crypto…
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Update: Mt. Gox 6,800 BTC not linked with ex-CEO’s plans to redistribute $6B

While initial reports suggested that a cold wallet linked to Mt. Gox transferred 6,800 BTC, F2pool founder later confirmed that the address was associated with the early miners of F2Pool, and not Mt. Gox. A recent whale alert misassociated an F2pool cold wallet with Bitcoin (BTC) exchange Mt. Gox, which transferred 6,800 BTC to an…
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Did rapper YG just flex a $30M Bitcoin stack in his new music video?

YG is seen in the music video holding a Ledger cold storage USB close to a smartphone which has a screen bearing a wallet app with more than $30.6 million worth of BTC in it. Keenon Dequan Ray Jackson, the rapper who goes by the name YG appears to show off a fat $30 million…
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BTC Liquidity Tightens as Bitcoin Held by Exchanges Hits 6-Month Low

While the price of bitcoin is 38% lower than its $69K price high three months ago, the amount of bitcoin on exchanges is at its lowest figure since April 2021. At the end of July last year, there was 2.59 million bitcoin held by crypto trading platforms, and today there’s only 2.36 million held by…
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Metaco partners with IBM for secure digital asset orchestration system

Metaco will use IBM Cloud to provide robust security-critical technology for institutional investors entering the digital asset space. Digital asset security infrastructure outfit Metaco has partnered with tech conglomerate IBM to utilize the latter’s cloud platform for enterprise-grade digital asset custody solutions. According to a press statement issued on Thursday, Metaco will leverage IBM Cloud…
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