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Bitpanda launches institutional crypto platform with cold storage

Austrian fintech unicorn Bitpanda is launching an institutional-grade cryptocurrency trading platform in response to the growing demand for institutional crypto services in Europe.

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Austrian fintech unicorn Bitpanda is launching an institutional-grade cryptocurrency trading platform in response to the growing demand for institutional crypto services in Europe.

Bitpanda, a major cryptocurrency broker founded in 2014, has launched Bitpanda Wealth, a new service targeting high-net-worth individuals, family offices, external asset managers and corporate treasuries.

Announcing the news on Jan. 30, Bitpanda said that the new institutional platform was built using the same infrastructure that several major European banks trusted. Bitpanda Wealth offers a suite of services to facilitate crypto investment, management and reporting services, also featuring leverage products, exchange-traded funds, commodities and other assets.

“There’s a notable interest in this area, yet it lacks adequate solutions,” Demuth said, adding that Bitpanda has engaged with “numerous private banks and affluent clients who have expressed a need for a distinct service.”

The new institutional platform uses Bitpanda’s proprietary custody solution known as Bitpanda Custody, which applies cold storage to keep its clients’ assets safe, the CEO noted. Registered with the United Kingdom’s Financial Conduct Authority, Bitpanda Custody offers segregated wallets for institutional investors, service providers, token issuers and corporate treasuries.

Cold storage, also known as a cold wallet, is one of the securest ways to store the private keys that enable access to crypto holdings. Unlike online hot wallets, which are often used by crypto trading platforms, cold wallets are disconnected from the internet, significantly reducing the chances of security breaches and hacks.

Bitpanda Wealth isn’t the first institutions-focused platform launched by Bitpanda; the firm previously launched Bitpanda Pro, a brokerage services platform and an over-the-counter trading desk, in 2019. In 2021, Bitpanda Pro rebranded as One Trading after securing a 30-million-euro Series A round.

A major crypto firm in Europe, Bitpanda has been actively working with local regulators to secure the necessary licenses to provide its services. In October 2023, Bitpanda received a virtual assert service provider license in Norway. The firm also holds licenses in other European jurisdictions, such as Austria, Germany, France, Czechia and Sweden.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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