Blockchain 

Deutsche Börse Aims to Ease Digital Securities Transfer With New Deal

The venture capital arm of German marketplace Deutsche Börse has sealed a new partnership for allowing institutional investors to obtain digital securities. Deutsche Börse pushes regulated digital securities In a press release on Oct. 30, Deutsche Börse Venture Network (DBVN) confirmed the deal with local fintech company Cashlink, the benefits of which will be available immediately. From now on, investors with DBVN will be able to complete the funding process entirely digitally using tools based on so-called distributed ledger technology, or DLT. The digital securities will automatically have the same…

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Bitcoin 

BNY Mellon to Act as Transfer Agent for Bitwise’s Proposed Bitcoin ETF

Bank of New York Mellon has been appointed to serve as transfer agent and administrator of  Bitwise Asset Management’s proposed Bitcoin (BTC) exchange-traded fund (ETF).  Bitwise amended the S-1 form that it submitted to the United States Securities and Exchange Commission (SEC) on Sept. 11. The amendment also lists major accounting firm Cohen & Company as auditor, while Boston-based legal firm Foreside Fund Services is listed as the Bitcoin ETF’s marketing agent.  Whether any of the aforementioned firms will act in their appointed regard depends on an eventual decision to…

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Bitcoin 

Apple Hint, XRP Dump, Mystery $1 Billion Transfer: Hodler’s Digest, Sept. 2–8

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Ripple transfers 500 million XRP from its escrow wallet Ripple turned heads this week when data from Whale Alert suggested the fintech startup has transferred 500 million XRP tokens from its escrow wallet — funds worth $130 million. This isn’t the first time that the…

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Blockchain 

US SEC Registers Digital Securities Platform Securitize as Transfer Agent

The United States Securities and Exchange Commission (SEC) has registered Securitize, a digital securities platform backed by crypto exchange Coinbase, as a transfer agent, according to a press release published on Finextra on Aug. 21. Securitize — which claims to be the first transfer agent with a working blockchain protocol and active securities issuers registered with the SEC — is now able to operate as an official keeper of records about changes of ownership in securities. Carlos Domingo, co-founder and CEO of Securitize, said: “We can increase the amount of…

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Cryptocurrency 

Grayscale Investments to Make Biggest Transfer in Crypto History

According to Forbes, Bitcoin and cryptocurrency asset manager Grayscale Investments is about to make the biggest transfer in cryptocurrency history. The asset manager is planning on moving billions of dollars worth of holdings today, and the destination is US crypto wallet and trading platform Coinbase. Should the transfer go off without a hitch, it will mark the largest single-day transfer of cryptocurrency assets ever. Grayscale Transfers Billions in Cryptocurrency New York-based Grayscale has announced that Coinbase Custody will serve as custodian on the $3 billion-worth of underlying assets. The entire…

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Bitcoin 

Crypto Wallet Provider BRD Partners With Wyre to Roll Out US Bank Transfer Support

Global mobile crypto wallet provider BRD has announced a partnership with blockchain payments and infrastructure firm Wyre that will enable its United States-based customers to purchase cryptocurrencies using bank transfers. The news was revealed in a press release shared with Cointelegraph on June 13. According to the press release, U.S. customers will be able to purchase bitcoin (BTC), ether (ETH) and dai (DAI) by directly linking their BRD wallet to their bank account and making a low-fee transfer. The new service is reportedly supported by over 1,700 U.S. banks, and…

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Blockchain 

Saudi British Bank Launches Ripple-Powered Instant Cross-Border Transfer Service

Saudi British Bank (SABB) has launched an instant cross-border transfer service powered by Ripple, according to a news release on April 25. The bank said the technology, unveiled at the Financial Sector Conference in Riyadh on April 24 and 25, formed part of its “strategic plan towards digital transformation and enriching customer experience.” According to SABB, it was one of the first banks in Saudi Arabia to join Ripple’s network in January 2018. The technology was then successfully activated through a pilot transaction in December 2018 using Indian rupees. Majed…

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Blockchain 

Australian Financial Regulator Trials Blockchain to Automate Funds Transfer Instructions

The Australian Transaction Reports and Analysis Centre (Austrac) is trialing a blockchain prototype for the automation of funds transfer instructions, business tech news site ZDNet reported on Feb. 24. Austrac — a government financial intelligence agency — is reportedly partnering with the Swinburne University of Technology in Melbourne to trial the use of blockchain and smart contract technology to help multiple actors automate their international fund transfer instructions (IFTIs) reporting to Austrac. Reporting entities include banks, remitters and casinos, according to ZDNet. Work on the blockchain proof-of-concept (PoC) for IFTI…

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Bitcoin 

Coinbase Moves $5 Billion, Reports Largest Crypto Transfer on Record

Major cryptocurrency exchange and wallet Coinbase recently made what it claims is the largest transfer of crypto on record, a company blog post reports Dec. 19. According to the post, 5 percent of all Bitcoin (BTC), 8 percent of all Ethereum (ETH), and 25 percent of all Litecoin (LTC), along with “many other assets” were moved to new cold storage infrastructure in what the firm “believe[s] is the largest crypto migration on record.” Coinbase reports that last week, the firm “completed an on-blockchain migration of approximately $5 Billion (as valued…

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