NFT News Official TheBitTimes.com

Custodia Bank founder and Bitcoin advocate Caitlin Long took to the X platform on Nov. 7 to announce the launch of its Bitcoin custody platform . According to the announce ment, the custody service is said to be designed for businesses such as fiduciaries, investment advisers, fund managers and corporate treasurers. In-house development As a non-lending bank, Custodia is introducing an integrated solution that combines Bitcoin custody and U.S. dollar services, although not FDIC-insured, within a single platform.  1/ BIG NEWS!! Custodia’s #Bitcoin custody platform recently went live. Custodia is a *BANK* built by Bitcoiners & we offer segregated (not omnibus) custody accounts on our custom-built Bitcoin custody platform. Our whitepaper describes how we're different: https://t.co/O6lgaWdSxK — Custodia Bank (@custodiabank) November 7, 2023 The approach is said to streamline user operations and minimize associated risks. It has already received regulatory ap...

The firm said it received an investigative subpoena in December regarding its crypto listings, crypto custody and platform operations. Robinhood Markets has confirmed that it had received an investigative subpoena from the United States Securities Exchange Commission (SEC) over its digital asset business' crypto listings , custody and platform operations. In a 10-K filing, the brokerage said it received the investigative subpoena in December shortly after crypto exchange FTX filed for bankruptcy in November, and after "several other major cryptocurrency trading venues and lending platforms earlier in 2022," including Three Arrows Capital, Voyager Digital Holdings and Celsius Network. The investigative subpoena was in relation to its cryptocurrency listings and custody services, which they said came in response to the crypto bankruptcies last year: "In December 2022, following the 2022 Crypto Bankruptcies, we received an investigative subpoena from the SEC regardi...