South Korean Banks ‘Play to Their Strengths’ with Bitcoin Custody Moves

South Korean commercial banks are now in “fierce competition” with each other in the race to launch bitcoin (BTC) and other cryptoassets custody products that they believe will prove a lucrative market for them, per a new report. According to media outlet Newsis, industry sources claim that the cryptoasset management market “is expected to grow even larger” when a

Puerto Rico Digital Bank Greenlighted To Offer Bitcoin Custody

Puerto Rican digital bank has received permission from the local regulator to provide Bitcoin and Ethereum custody to retail and institutional investors.

Italian Insurance Giant Generali Gets Into Bitcoin via Banking Arm, Launching Crypto Custody Service

Banca Generali, the banking arm of Italy’s largest insurance group, has announced that it will be offering cryptocurrency custody service to its customers beginning next year.

Standard Chartered to Launch Crypto Custody Service for Institutional Investors Next Year

SC Ventures, the innovation and ventures unit of Standard Chartered, will launch a crypto custody service targeting institutional investors in London next year.

Standard Chartered Expects to Launch Bitcoin Custody in 2021

The UK multinational banking and financial services company announced a partnership aimed at Bitcoin and cryptocurrency custody in 2021.

MicroStrategy Wants to Offer $400 Million in Convertible Notes to Buy More Bitcoin

MicroStrategy announced the proposal of a private offering of $400 million of convertible senior notes, with the intention to buy even more Bitcoin (BTC)

Fidelity Digital Assets Is Hiring More Crypto Engineers

Fidelity said it wants to improve bitcoin custody and executive services and build products to "support the ecosystem."

Swiss Arm of Huge Russian Bank to Offer Bitcoin Custody, Trading

Gazprombank has opened its crypto business to a lucky few.

Bitcoin-Friendly Avanti Receives License to be The Second Crypto Bank in The US

Avanti Financial Group is following Kraken's steps and now is the second crypto company to get an official banking license in the United States of America.

Afraid of DeFi? Here’s how to earn 41% APY on Bitcoin without wrapping it

Decentralized finance yields are incredibly attractive, but options markets can also provide similar sized returns for those willing to take risks. The number of investors interested in yield farming has grown immensely over the past 6-months as decentralized finance (DeFi) applications became better known and easier to use.  This has led to an uncountable number of liquidity pools offering annual percentage yields (APY) surpassing 1,000% and the total value locked in DeFi contracts has risen to billions of dollars. Bitcoin investors who wanted a piece of the action managed to participate in DeFi yield farming by converting their BTC into tokenized formats like Wrapped BTC (WBTC) and renBTC (RENBTC).  This allows BTC holders to interact with all of the ERC-20-based tokens, but some analysts question how decentralized the Bitcoin custody is behind those offerings; therefore, it makes sense to explore more centralized solutions. Although it is impossible to directly extract yield on Bitcoin (BTC) deposits at these DeFi platforms, investors can still benefit from centralized services.

Top South Korean banks to provide Bitcoin custody services

Four major banks in South Korea plan custodian services for cryptocurrencies after a surge in demand.

Kookmin Bank, South Korea’s Largest Bank Will Offer Cryptocurrency Custody

Kookmin Bank, the largest commercial bank in South Korea, will start offering Bitcoin custody services through a new partnership with exchange Cumberland Korea and blockchain venture fund Hashed.

Major Korean Bank to Offer Cryptocurrency Custody Services

One of the four largest South Korean banks - KB Kookmin Bank - has entered a new partnership that will enable it to offer cryptocurrency custodial services. The post Major Korean Bank to Offer Cryptocurrency Custody Services appeared first on CryptoPotato.

South Korea’s Largest Bank Unveils Bitcoin Custody Services

KB Kookmin Bank (KB), the largest commercial bank in South Korea, has agreed on a deal with blockchain venture fund Hashed and crypto exchange Cumberland Korea to offer bitcoin custody services.

Another Major S Korean Bank Now Set to Join Bitcoin Custody Race

Kookmin Bank (KB), one of South Korea’s biggest commercial banks, could be set to move into crypto sector business after the KB Group, the company that operates the bank, signed a “digital assets” cooperation deal with three major domestic blockchain firms. And it looks as though KB could be heading into the crypto custody business.

Bitcoin Suisse Raised $50M To Enhance Current Operations And Launch An STO

Cryptocurrency service company Bitcoin Suisse has raised $48 million in a Series A funding round led by former Head of Investments at the private bank Vontobel. The post Bitcoin Suisse Raised $50M To Enhance Current Operations And Launch An STO appeared first on CryptoPotato.