Tuesday, December 24, 2024
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Swan Bitcoin to terminate customer accounts that use crypto-mixing services

Bitcoin (BTC) services platform Swan Bitcoin warned its customers that it would be forced to terminate accounts found interacting with crypto-mixing due to the regulatory obligations of its partner banks. Customers were informed about the policy in a letter suggesting the changes are due to the United States Financial Crimes Enforcement

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BitGo, Swan unveil plans for Bitcoin-only trust company

The United States may soon have a Bitcoin-only trust company, according to plans disclosed by BitGo and Swan Bitcoin on Sep. 15. The joint venture is pending regulatory approval, the companies said in a statement.The forthcoming entity will handle similar activities of a trust company, including Bitcoin custody, administration and

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BitGo Partners with Swan Bitcoin to Float First-Ever Bitcoin-Only Trust Company

The new Bitcoin-only trust company will combine expertise from BitGo and Swan Bitcoin to drive adoption with minimal exposure. California-based crypto custodian BitGo Inc and Bitcoin services firm Swan are working to create a Bitcoin-only trust company. The new firm will offer customers Bitcoin custody without the risk of exposure to the

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Bitcoin UTXOs echoing March 2020 ‘black swan’ crash — New research

Bitcoin (BTC) is recovering from a “black swan” event last rivaled by the March 2020 COVID-19 crash, data suggests.In one of its Quicktake posts on Sep. 7, on-chain analytics platform CryptoQuant revealed a major spike in loss-making unspent transaction outputs (UTXOs).CryptoQuant: Bitcoin UTXOs in Loss "mirror" March 2020Bitcoin may be

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Banking crisis could spark the first ‘extended duration Bitcoin bull market,’ says Swan Bitcoin CEO

The latest banking crisis could lead to “the first-ever extended duration bull market” for Bitcoin (BTC), according to Swan Bitcoin CEO Cory Klippsten.In an interview with Cointelegraph, Klippsten pointed out that far more people today know about Bitcoin as a tool to opt out of the traditional financial system than

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