Standard Chartered will provide digital asset custody for 21Shares, signaling deeper TradFi expansion into crypto and raising questions about Zodia Custody’s future role. Major bank Standard Chartered announced fund manager 21Shares has selected it as its digital asset custodian, potentially moving away from a crypto-native partner. According to a Monday announcement from Standard Chartered shared with Cointelegraph, the bank will provide crypto custody services to 21Shares, which offers multiple exchange-traded crypto products. Margaret Harwood-Jones, the bank’s global head of financing and securities services, said the collaboration allows them to “to extend our expertise into the fast-evolving digital asset ecosystem.” However, 21Shares already had a crypto-native custody partner. In late June 2024, the fund manager partnered with crypto-native custodian Zodia Custody to hold its assets. Zodia Custody was co-founded by Standard Chartered in 2020 and operated as a wholly owned subsidiary, indicating that th...
German company Henkel has officially inaugurated its new headquarters in capital city Bucharest, which is located in the Equilibrium 2 office building in the city's Floreasca area.
Outgoing Chairman Joint Chief of Staff Committee (CJCSC) General Sahir Shamshad Mirza paid a farewell visit to Chief of the Army Staff (COAS) Field Marshal Asim Munir at General Headquarters (GHQ) in Rawalpindi, the military’s media wing said on Tuesday. During the meeting, the army chief commended General Mirza for his “exemplary leadership, strategic foresight, and dedicated service to the Pakistan Armed Forces”, according to the Inter-Services Public Relations (ISPR). “He (COAS) lauded the CJCSC’s pivotal role in enhancing tri-services synergy, strengthening joint operational preparedness, and advancing Pakistan’s national security objectives at the strategic level,” ISPR said. Furthermore, Field Marshal Munir also highlighted General Mirza’s contributions towards regional stability, military diplomacy, and the strengthening of Pakistan’s partnerships with friendly countries, as per ISPR’s statement. “General [Mirza] expressed gratitude to the COAS and the armed forces for the support extended during his c...
How a 100 Bitcoin scam, World of Warcraft and a tour of China with Vitalik Buterin led Louis Vuitton’s IT guy Sunny Lu to create VeChain. VeChain founder and CEO Sunny Lus first experience buying Bitcoin is the kind of moment that sticks with you for life, but not in the way most Bitcoin OGs would hope. The first encounter with Bitcoin, I got scammed in 2012, Lu tells Magazine. The timing couldnt have been worse. Lu desperately needed that Bitcoin to solve an urgent crisis in his life. Read more
How a 100 Bitcoin scam, World of Warcraft and a tour of China with Vitalik Buterin led Louis Vuitton’s IT guy Sunny Lu to create VeChain. VeChain founder and CEO Sunny Lus first experience buying Bitcoin is the kind of moment that sticks with you for life, but not in the way most Bitcoin OGs would hope. The first encounter with Bitcoin, I got scammed in 2012, Lu tells Magazine. The timing couldnt have been worse. Lu desperately needed that Bitcoin to solve an urgent crisis in his life. Read more
Regulators and the Bank of Korea remain at odds over bank dominance in issuing won-backed stablecoins, stalling a long-awaited framework expected this year. South Korea is likely to end the year without a framework for locally issued stablecoins, amid ongoing disputes over the role of banks in stablecoin issuance. The country’s central bank, the Bank of Korea (BOK), and other financial regulators have clashed over the extent of banks’ involvement in issuing Korean won-backed stablecoins, delaying a framework widely expected to arrive in late 2025, the Korea JoongAng Daily reported Tuesday. According to the BOK, a consortium of banks should own at least 51% of any stablecoin issuer seeking regulatory approval in South Korea, while regulators are more open to the involvement of diverse industry players. Read more