Author: James Wilson

Deutsche Bank has launched its cryptocurrency custody service for paying institutional and corporate clients in Europe, allowing customers to store and transfer Bitcoin, Ethereum and selected stablecoins through the German banking group. Summary Deutsche Bank has launched its crypto custody service for paying institutional and corporate clients in Europe. The service supports Bitcoin, Ethereum, USDC, EURC and EURAU, with the bank managing private keys. Deutsche Bank’s MiCA registration dated October 12 covers cryptocurrency custody and transfer services. The bank plans to expand its digital asset custody operations into Asian financial centers during 2027. Deutsche Bank signed an agreement with its…

Ledger CEO Pascal Gauthier has faced criticism from the cryptocurrency community after warning that everyone will eventually be hacked, a statement that has raised questions about the security assurances offered by hardware wallet manufacturers. Summary Ledger CEO Pascal Gauthier has faced criticism after saying everyone will eventually be hacked and acknowledging that perfect security does not exist, including at Ledger. Crypto users on X questioned the remarks, arguing that they appeared at odds with Ledger’s business of selling hardware wallets designed to protect digital assets. Gauthier defended hardware wallets during a Bloomberg interview, arguing that decentralized asset protection has resulted…

Sui-native hardware wallet project Suiball has announced it will shut down and refund all pre-order customers after the Sui Foundation reportedly decided that supporting the project carried too much security risk. Summary Suiball announced it will shut down after the Sui Foundation decided that backing the hardware wallet project carried too much security risk following recent industry attacks. The project had completed development and entered manufacturing, with its first batch of devices ready for shipment before the decision to close operations. Around 80% of preorders were placed on chain, and those customers will receive automatic USDC refunds within the next…

Bitcoin price has fallen nearly 2% to $73,700 over the past 24 hours after hotter-than-expected US inflation data added pressure to an already struggling cryptocurrency market, triggering hundreds of millions in leveraged liquidations. Summary Bitcoin price dropped 2% to $73,700 as October US inflation exceeded economists’ expectations. US headline CPI rose 0.4%, while core inflation climbed 0.3%, renewing concerns over Federal Reserve rates. Crypto liquidations reached $723.37 million, with approximately $570 million coming from leveraged long positions. Analyst Ali Martinez reported that Bitcoin whales reduced their holdings by more than 34,000 BTC. Bitcoin price faces technical support near $72,700, while…

Poland’s lower house has passed a sanctions bill covering cryptocurrency freezes by 240 votes to 202, sending the proposal to the Senate for consideration. Summary Lawmakers approved the sanctions proposal on Nov. 6, with one abstention and 17 members not voting. Crypto holdings would fall within financial assets subject to freezes involving designated people and companies. Court challenges would not automatically stop restrictions imposed through the interior minister’s sanctions list. The proposal addresses sanctions enforcement, while Poland’s separate crypto licensing legislation remains caught in a political dispute. The Sejm’s voting record shows that lawmakers approved the government-backed Act on Restrictive…

Deutsche Bank has added a January interest rate hike to its forecast after October’s hotter-than-expected US inflation report, putting three consecutive quarter-point moves on its expected path through March 2027. Summary Deutsche Bank now expects quarter-point Fed hikes in December, January and March, reaching 4.50%–4.75%. October consumer prices rose 0.4%, while core inflation held at 0.3% for a third month. US Bitcoin and Ether ETFs lost a combined $1.65 billion during November’s first trading week. Bitget Wallet analysts have tied a lasting Bitcoin recovery to stronger spot demand and ETF inflows. Reuters reported on Nov. 10 that the bank had…

Bitcoin’s publicly exposed supply has reached 7.12 million BTC, or 35.4% of issued coins, according to Glassnode, renewing discussion about which holdings a future quantum computer could target. Summary Glassnode puts Bitcoin held behind visible public keys at 7.12 million BTC. Address reuse accounts for 25.8% of supply, including 11.6% held on exchanges. Bitcoin’s quantum proposals remain drafts, with separate plans for exposure reduction and signature migration. Glassnode said in its Nov. 10 X post that more than a third of Bitcoin’s supply now has a visible public key, publishing a chart that separates exposure by address type and reuse.…

Crypto debit card failures have exposed how little control some wallet and fintech brands hold over their payment services, with a $1.1 million Rain contract exploit illustrating the risks of shared infrastructure. Summary Shared banks, processors, and middleware can leave separate card brands exposed to the same failure. Rain’s August exploit targeted funded card balances, leaving customers’ personal wallets and private keys untouched. MNEE App CEO Ron Tarter recommends direct bank relationships and independently accessible customer records. US deposit insurance covers eligible bank deposits against bank failure, not a fintech provider’s collapse. Ron Tarter, co-founder and CEO of MNEE App,…

HIVE Digital Technologies has added 79 Bitcoin to its treasury during the September quarter, lifting its holdings to 269 BTC while Riot Platforms and CleanSpark have reduced their reserves. Summary HIVE added 79 BTC to its treasury while selling roughly 93% of quarterly mining production. Riot sold 10,599 BTC during Q3 as Bitcoin sales helped finance data center development. CleanSpark sold or delivered 2,102 BTC against production of 1,708 BTC across July through September. HIVE’s HPC revenue reached $8.8 million, with GPU financing supporting its planned AI deployments. HIVE’s SEC filing, released alongside its Nov. 9 results, recorded 269 BTC…

Goldman Sachs, Citi, Santander, and Deutsche Bank have joined financial firms committing around $270 million to a planned U.S. dollar stablecoin venture, according to Bloomberg’s Nov. 10 report. Summary Banks have committed funding to cover the planned stablecoin issuer’s first five years of operations. Twenty-one financial institutions joined the consortium, which targets a launch in the first half of 2027. Dollar issuance would come first, with a euro stablecoin identified as a priority for expansion. U.S. regulatory plans include reserve, redemption, custody, and capital requirements under the GENIUS Act. Bloomberg reported, citing people familiar with the matter, that the funding…