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Minnesotan banks and credit unions set to provide crypto custody Aug. 1

Starting August 1, banks and credit unions in Minnesota will begin offering cryptocurrency custody services. This initiative aims to provide customers with a secure way to store their digital assets, addressing the growing demand for crypto services among traditional financial institutions. The move is part of a broader trend of financial entities integrating cryptocurrency into their offerings. Minnesota's Department of Commerce has approved the regulations necessary for these institutions to operate in the crypto space. This development is expected to enhance consumer confidence in digital currencies and expand access to crypto investment options.

Read the full article: CoinDesk

Retail Bitcoin investor demand falls by 73% as futures selling tops $2B: Are the bears back?

Retail demand for Bitcoin has plummeted by 73%, indicating a significant decline in interest among individual investors. Concurrently, futures selling has surged, exceeding $2 billion, suggesting a bearish sentiment in the market. Analysts are questioning whether this trend signals the return of bearish market conditions. The combination of reduced retail

Ether pullback was ‘attractive opportunity’ for 71,672 ETH buy: Bitmine’s Lee

Bitmine's Lee highlighted that the recent pullback in Ether's price presented an "attractive opportunity" for investors, leading to the purchase of 71,672 ETH. This acquisition reflects confidence in Ether's long-term potential despite short-term volatility. Lee emphasized that such price corrections can

Echo Protocol's eBTC exploited for $77M in admin key compromise

Echo Protocol's eBTC was exploited for $77 million due to a compromise of its admin key. The incident occurred when attackers gained access to the private key, allowing them to manipulate the protocol and drain funds. Following the breach, the Echo Protocol team acknowledged the exploit and is

SEC to propose tokenized stock framework as Wall Street efforts deepen: Bloomberg

The SEC plans to propose a framework for tokenized stocks as interest from Wall Street grows in this area. This initiative aims to integrate blockchain technology into traditional equity markets, potentially enhancing liquidity and accessibility for investors. The proposal is part of a broader effort to regulate and innovate within

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Retail Bitcoin investor demand falls by 73% as futures selling tops $2B: Are the bears back?

Ether pullback was ‘attractive opportunity’ for 71,672 ETH buy: Bitmine’s Lee

Echo Protocol's eBTC exploited for $77M in admin key compromise

SEC to propose tokenized stock framework as Wall Street efforts deepen: Bloomberg