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Spanish security giant Prosegur announces institutional-focused crypto custody service

Spanish security giant Prosegur announces institutional-focused crypto custody service

On Wednesday, Prosegur — a Spanish security company founded in the 1970s — announced a new digital asset custody service focused on institutional clients. “Prosegur Crypto combines the highest standards in physical security, an area in which Prosegur is a world leader, with state-of-the-art cryptographic security technologies,” the firm said in a press statement. “Users’ …

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United States is the country of choice for institutional crypto trading service providers

United States is the country of choice for institutional crypto trading service providers

In a survey of institutional cryptocurrency trading service providers, The Block Research team has found that a majority of them, approximately 61%, are based in the United States. Other popular regions include Hong Kong, Singapore, and Switzerland for institutional-focused cryptocurrency trading firms. Furthermore, according to The Block Research’s John Dantoni, “about 75% of the firms …

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PayPal Picks Paxos to Supply Crypto for New Service, Sources Say

PayPal Picks Paxos to Supply Crypto for New Service, Sources Say

PayPal, the fintech giant planning to bring crypto trading to its massive user base, has chosen Paxos to handle the new service’s supply of digital assets, according to two people familiar with the matter. It’s a plum assignment for New York-based Paxos, which last week launched Paxos Crypto Brokerage and announced its first customer in …

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U.S. Internal Revenue Service inks deal with Coinbase for blockchain analytics software

U.S. Internal Revenue Service inks deal with Coinbase for blockchain analytics software

Public records show that the U.S. Internal Revenue Service has inked a deal with crypto exchange company Coinbase to use its Coinbase Analytics blockchain tracing software. The signing date is listed as July 15 on the Sam.gov database, which tracks contract offerings for U.S. agencies. The contract becomes effective on July 23 and lasts for …

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Coinbase Custody is the biggest Tezos staking service, despite charging higher fees

Coinbase Custody is the biggest Tezos staking service, despite charging higher fees

Coinbase Custody is the largest operator of a Tezos staking validator, despite charging higher fees. The firm is staking over 65 million XTZ as of March 30, according to research conducted by The Block’s John Dantoni. Coinbase Custody launched its staking service in April 2019. That equates to more than $110 million at today’s XTZ …

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