Cryptocurrency Analysis and News Portal
"Confronted with discovery requests to the Kansas City Fed and a looming deadline for the Board to produce an administrative record that would have revealed the Board’s control over the Kansas City’s Fed’s decision-making process, Defendants tried to moot the litigation. On January 27, 2023, in a coordinated maneuver orchestrated
Read More
Without Custodia in this mix of bank-related crypto news, I’m not sure this piece of the news cycle would have anything worth paying close attention to for long. A lot of crypto is predicated on trading, gambling and “number-go-up technology” butting up against nebulous financial securities laws – so skittishness
Read More
The U.S. Federal Reserve Board has rejected the attempt of Custodia Bank to become member of the Federal Reserve System. According to the decision announced Friday, the application submitted by the digital asset bank is inconsistent with legal requirements. Federal Reserve Board Says Business Model Proposed by Custodia Bank Presents
Read More
“Custodia offered a safe, federally regulated, solvent alternative to the reckless speculators and grifters of crypto that penetrated the U.S. banking system with disastrous results for some banks,” Long continued. “Custodia actively sought federal regulation, going above and beyond all requirements that apply to traditional banks.” Original Source
Read More
The United State Federal Reserve Board has rejected Custodia Bank’s application to become a member of the Federal Reserve System. In its announcement, the Fed stated that the application was “inconsistent with the required factors under the law.” It also claimed Custodia had an “insufficient” management framework and cited an
Read More
En palabras simples, la custodia de criptomonedas significa asegurar la clave privada que prueba que eres el dueño de los fondos que están en tu billetera de criptomonedas. En el sistema bancario tradicional, todos los custodios son instituciones financieras, como lo establece la ley. Sin embargo, en el mundo de
Read More
La palabra “billetera” se usa para describir un hardware o software que almacena criptomonedas. Source
Read More
Hasta US$1600 millones en USD Coin serán custodiados con Coinbase Prime, donde se obtendrá una recompensa de 1,5%. Source
Read More
In Custodia’s complaint, lawyers for the Wyoming-based bank argued that a master account was “vital to Custodia’s ability to operate effectively and efficiently,” and that the Fed’s continued waffling on the decision was detrimental to Custodia’s customers – and, furthermore, indicated a “black box bureaucratic process with no clear rules”
Read More
“La demanda entre los inversores institucionales para participar en activos digitales aumentó en los últimos años, y Nasdaq está bien posicionado para acelerar una adopción más amplia e impulsar un crecimiento sostenible”, señaló en el comunicado Tal Cohen, jefe de los mercados de América del Norte en Nasdaq. Source
Read More