Crypto Custody Is Booming Many large financial institutions are entering the crypto custody space as Fidelity rolled out its Fidelity Digital Asset Services this Q1. In addition, IBM announced that its cloud platform will be used to develop a crypto custody solution using a hardware security module (HSM). Ledger, a popular hardware wallet manufacturer, also…
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Apple’s ceaseless expansion has been making news recently. Despite declining iPhone sales, the tech giant shows no sign of slowing down as it prepares to launch a suite of new products. To cryptocurrency enthusiasts, the most interesting among those is likely the newly-revealed Apple Card. Although the card will resemble the bank-issued variety, the focus…
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Cryptocurrency security is an increasing concern in the industry. Some common ways that digital assets may be lost include when private keys are lost (or forgotten) and when digital currency exchanges are hacked. Custodians can help with the important task of safely storing cryptocurrency, along with other services. Some analysts suggest that crypto custody may…
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Image by FLYERDIARIES.COM / CC BY 2.0 / Cropped When it comes to freshly-minted altcoins, Coinbase’s approval clearly goes a long way. Last Wednesday, the major U.S.-based crypto exchange announced that it would be adding Stellar Lumens (XLM) to its list of available tokens, Bitcoinist reports. Although Coinbase greenlighted XLM right after the announcement, the…
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In this week’s interview, we talk to Adam Efrima, who is the Co-Founder of Blox, which specializes in crypto asset tracking and accounting software. Read the full interview below to find out why finance professionals shouldn’t “rely on outdated spreadsheets for labor-intensive manual [crypto] tracking”. BitIRA: What is your background, and how did you…
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Heading into tax season, many of our readers told us how confused they were about reporting crypto transactions on their tax returns. We heard you, and so we partnered with seven crypto tax specialists to answer your questions. We asked you to send us the income tax questions that concerned you (for the 2018 tax…
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The crypto custody sector is fast expanding. Until fairly recently, cryptocurrency storage options were binary: holders had to either store their coins and tokens on exchanges or on their own hardware wallet. Both choices left much to be desired for larger investors, which is why a number of high-profile companies are now offering to store…
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The March edition of the Crypto Security Report is available for download (click image below). Stay informed about the latest security threats, government measures, and best practices to understand developments in the cryptocurrency space (and how to protect your own digital assets). This report is free and available for download below:
Success with any cryptocurrency investment requires that you remain in the know about new developments and trends. Below you’ll find the most comprehensive list of major cryptocurrency and blockchain related events from around the world.
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According to a recent New York Times report, Facebook is diving into the crypto space in a direct way by creating a token of its own, reports CoinTelegraph. The report corresponds with an earlier jobs listing and suggests that Facebook hired up to 50 engineers, all of whom are working under the condition of privacy.…
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