Vontobel’s venture into crypto custody sector is an extension of previous excursions in the crypto industry that began with issuance of Tracker Certificates for Bitcoin investors. Fidelity is the only major Wall Street institution with such services.
The new platform will make it easy for small scale news publishing startups to get through the on-boarding process. It will also provide affordable system for best editorial practices.
The tokenized securities platform will allow trading of real-world financial instruments like equities and commodities using digital tokens.
The security vulnerability would have allowed the attacker to steal the code and withdraw investors funds.
Offices belonging to Cryptopia remain under police lockdown after the New Zealand based cryptocurrency exchange suffered a major security breach. Immediate reports indicate that hackers could have walked away with millions of dollars, on gaining access to the exchange’s wallets.
The New York Stock Exchange parent company, Intercontinental Exchange, is moving forth with plans to launch its Bitcoin backed platform Bakkt.
Russia plans to start acquiring Bitcoin as its reserve currency from February in a bid to stop its dependency on the U.S. Dollar.
NASA is reportedly working on a blockchain-based aircraft flight data securitization system, to protect military and corporate aircraft data.
VFD Capital has sold off a substantial amount of stakes in NEM Insurance. The firm joins a string of other investors led by Eaton Acquisition Limited and Three Seas Investment that have also severed ties with the company on offloading stakes.
The Chinese authorities tell that the new regulations are necessary measures to strengthen the country’s blockchain industry.