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...

DeFi systems are able to displace the traditional market of banking services, Sber’s Blockchain Lab product director Konstantin Klimenko said. Russia’s largest bank Sberbank is moving forward with the plan to launch its decentralized finance (DeFi) platform, preparing to trial the product in a few months. Sberbank expects to launch open trials of its DeFi platform by May 2023, Sber’s Blockchain Lab product director Konstantin Klimenko announced, the local news agency Interfax reported on Feb. 3. Currently being tested in private beta, Sberbank’s upcoming DeFi platform will be fully open by the end of April, enabling users to conduct the first commercial transactions, Klimenko said. The exec noted that the blockchain platform will be compatible with the Ethereum blockchain, allowing customers to use major wallets like MetaMask to move their assets. Klimenko also noted that users will be able to transfer their assets from other platforms. The blockchain executive stated that Sberbank’...