Background

Fireblocks Gets Charter New York Still Thinks Crypto Custody Will Save Us All

An illustration of a fireblock with flames rising from it, surrounded by various digital assets such as cryptocurrencies and NFTs being stored safely within the block's walls. The background is dark blue representing trust and security while the foreground has bright colors indicating growth and stability. A key in hand symbolizes access to these secure storage solutions for institutional clients. In the top left corner a New York city skyline with skyscrapers can be seen, signifying regulation under NYDFS. At the bottom right of the image is an anchor representing stability and reliability.

You won’t believe what’s happening, but apparently some people are trying to make cryptocurrency custody “safe”. Fireblocks has just been granted a charter from the state of New York to store crypto for its customers – because that was clearly something missing in this industry: more ways for institutions to lose money on cryptocurrencies. It seems like no one is learning from history and everyone wants a piece of the pie, even if it’s made out of worthless numbers on computers

Source: cointelegraph

Web3 infrastructure provider Fireblocks has been granted a New York state charter to custody cryptocurrency for clients in the United States, Fireblocks told Cointelegraph on Aug. 14.  “As of this month, Fireblocks Trust Company, LLC has received its limited purpose trust company charter to engage in virtual currency business and will soon begin offering cold storage custody solutions powered by Fireblocks' technology to US customers,” Fireblocks told Cointelegraph in a […]

Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

We are the internet’s finest destination for poking fun at the wild world of cryptocurrency! We transform the bewildering jargon and frantic hype of the crypto market into a comedy spectacle that’s almost as volatile as crypto itself.

© 2024 Cryptobro Magazine