Crypto Firms

Highlights: Saylor says proof-of-reserves weakens security for custodians, investors, and issuers. Many crypto firms use proof-of-reserves to prove they cover customer deposits. Some in the crypto community see Saylor’s proof-of-reserves doubts as a red flag. On May 27, during the […]

Highlights: Coinbase is set to join the stock market index that tracks the stock performance of 500 leading companies listed on stock exchanges in the United States. The company surpassed Strategy, which was to list on the index first before […]

Highlights: BitGo CEO emphasizes going public strengthens crypto firms’ credibility with traditional finance players. Belsche highlights due diligence and SEC oversight to boost trust with Wall Street. BitGo introduces the OTC trading desk for over 250 digital assets amid potential […]

Highlights: The HKMA warns crypto firms misrepresenting as banks may be in violation of Hong Kong’s Banking Ordinance. The HKMA raised alarm after two overseas firms falsely represented themselves as banks. The use of the word ‘bank’ in the names […]