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Custodians

A collection of 5 posts

Binance Partners with BBVA Bank to Add Cryptocurrency Custody Options

Binance Partners with BBVA Bank to Add Cryptocurrency Custody Options

Binance has joined forces with Spanish banking giant BBVA to offer customers a new way to store their digital assets outside the exchange. This partnership positions BBVA as one of a select few independent custodians for the world's largest crypto platform. The initiative aims to build greater trust

Federal Reserve Approves US Banks to Offer Bitcoin and Crypto Custody Services

Federal Reserve Approves US Banks to Offer Bitcoin and Crypto Custody Services

In a significant development for the cryptocurrency industry, the Federal Reserve, alongside the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC), has authorized U.S. banks to provide custody services for Bitcoin and other digital assets. This decision, detailed in a joint statement,

Lightning Network Wallet Alby Faces Uproar Over Inactivity Fees and Unauthorized Bitcoin Withdrawals

Lightning Network

Lightning Network Wallet Alby Faces Uproar Over Inactivity Fees and Unauthorized Bitcoin Withdrawals

The Lightning Network wallet Alby is under fire as users express outrage over a policy that has led to unexpected Bitcoin withdrawals from inactive accounts. Labeled as “inactivity fees,” these deductions have sparked heated debates about transparency, custodial risks, and the broader challenges facing the Lightning Network. The controversy, which

State Street and Citi Bank Launch Their Own Crypto Custody Services

State Street and Citi Bank Launch Their Own Crypto Custody Services

In a significant move that shows the growing acceptance of digital assets within traditional financial sectors, State Street and Citi Bank are set to introduce their own cryptocurrency custody services. This development comes as no surprise given the banks' vast asset management portfolios, with State Street overseeing more than

Struggling Custodial Company Swan Bitcoin Forces Users to Pay Admin Fee to Hodl Their Coins

Struggling Custodial Company Swan Bitcoin Forces Users to Pay Admin Fee to Hodl Their Coins

Swan Bitcoin, a company that positions itself as a Bitcoin only financial services custodian, has recently stirred up the community with a controversial move. As part of their transition away from Fortress Trust, Swan users found themselves unexpectedly hit with a $125 admin fee, a decision that has left many