Tuesday, May 7, 2024
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BitGo to Help Japanese Exchange Provide Cold Storage

Japanese crypto exchange Bitgate will soon offer customers cold storage services through BitGo, a U.S.-regulated trust company, meeting new legal requirements set by the local financial regulator.  BitGo announced Wednesday it would provide its “Self-Managed Custody” service to the exchange, which is supervised by the Japanese Financial Services Agency (JFSA). Japan-based

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Canadian Exchange Shakepay Gets Cold Wallet Insurance to Protect Customer Funds

Crypto exchange Shakepay, which describes itself as “Canada’s fastest-growing bitcoin platform,” conducted a “proof-of-reserves” audit and acquired an insurance policy to reinforce its security, perhaps learning a lesson from fellow Canadian platforms QuadrigaCX, Einstein and Coinsquare, which all lost customer funds or have otherwise been involved in scandals over the

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Money Reimagined: China’s ‘Cold War’ Blockchain Strategy

Which one is the centrally managed police state? Which one is the pro-innovation jurisdiction embracing open-source technologies and decentralized governance networks? OK. I’m being a tad facetious. The reality is Chinese President Xi Jinping has severely concentrated power. In general, his government, with its Hong Kong crackdown and Uighur detention camps,

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DeFi Is Exposing Inadequacies of Cold Storage, Says Crypto Custodian

Cointelegraph spoke to Anchorage co-founder and president, Diogo Monica, to get his take on how the rise of decentralized finance (DeFi) is impacting the crypto custodian sector.Monica stated that the increasing complexity of DeFi “is beginning to expose the inadequacies of cold storage custody and manual human operations.” Anchorage’s president emphasized

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