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BitPanda, a Viena-based crypto exchange platform has made its maiden acquisition in the form of United Kingdom-based Trustology, a crypto custodian and wallet service provider for an undisclosed amount.BitPanda will rebrand the newly acquired fintech firm to BitPanda custody in a bid to start its native crypto custody services focused
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“Bitpanda Custody is part of our strategy to offer a fully comprehensive set of services to our client base and we can now combine an FCA-registered, institutional-grade custody solution with a leading trade execution venue,” Joshua Barraclough, CEO of Bitpanda Pro, said in the release. Original Source
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Trustology created a “DeFi Firewall” approach, by which a set of rules in a smart contract can block certain transactions and allow others; swaps on Uniswap might be allowed, while more exotic and less battle-tested platforms would be ruled out. Trustology is adding more features for 2022, such as a
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Digital asset custody firm Trustology has cut seven of its 18 staffers as the big banks it courted are taking longer than expected to jump into crypto. Original Source
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