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Prometheum Launches Ethereum Custody As Security Offering

Prometheum, a leading digital asset platform, has announced the launch of its Ethereum custody service as a security offering. This significant development aims to provide secure and compliant storage solutions for Ethereum, catering to the growing demand for regulated digital asset services.

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Prometheum, a leading digital asset platform, has announced the launch of its Ethereum custody service as a security offering. This significant development aims to provide secure and compliant storage solutions for Ethereum, catering to the growing demand for regulated digital asset services.

The new custody service is designed to meet the stringent regulatory requirements for securities, offering institutional investors a reliable and secure way to store their Ethereum holdings. By integrating robust security measures and compliance protocols, Prometheum seeks to enhance the trust and accessibility of digital assets within the traditional financial ecosystem.

Aaron Kaplan, CEO of Prometheum, highlighted the importance of this launch in a statement: “Our Ethereum custody service as a security offering marks a pivotal step in bridging the gap between digital assets and traditional finance. We are committed to providing our clients with the highest standards of security and regulatory compliance.”

This move comes at a time when institutional interest in digital assets is surging, with investors seeking more secure and regulated options for their crypto holdings. Prometheum’s new service aims to address these needs, positioning the company as a leader in the evolving digital asset landscape.

Prometheum’s Ethereum custody service will leverage advanced security technologies and practices to protect client assets. The platform will also offer comprehensive compliance support, ensuring that all transactions and holdings meet regulatory standards.

As the digital asset market continues to mature, Prometheum’s initiative underscores the growing importance of regulated custody solutions. This launch not only enhances the company’s service offerings but also contributes to the broader adoption and integration of digital assets within mainstream finance.

In summary, Prometheum’s introduction of an Ethereum custody service as a security offering represents a significant advancement in the digital asset sector. By providing secure and compliant storage solutions, Prometheum is poised to meet the increasing demand from institutional investors, further bridging the gap between cryptocurrency and traditional financial markets.

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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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