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Standard Chartered’s crypto custodian Zodia to raise $50M

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Zodia, the cryptocurrency custodian backed by Standard Chartered, has raised $50 million in a new funding round aimed at expanding its institutional offerings. The round was led by Japanese financial giant SBI Holdings, with participation from other prominent institutional investors. The fresh capital will be used to enhance Zodia’s secure digital asset storage services, which cater to large-scale investors like banks, asset managers, and hedge funds.

Launched in 2020, Zodia offers fully regulated crypto custody services in the UK, positioning itself as a trusted player in the rapidly growing market for institutional-grade digital asset solutions. The company’s robust security measures and regulatory compliance have helped it attract institutional clients looking for a safe and secure way to manage their crypto holdings amid increasing market volatility.

Zodia’s latest funding round reflects the rising demand for professional-grade custodianship as cryptocurrencies gain mainstream adoption. As institutional interest in digital assets grows, companies like Zodia are well-positioned to offer the kind of secure, compliant infrastructure necessary to meet the needs of both traditional financial institutions and crypto-native businesses.

With the additional funding, Zodia plans to accelerate its expansion, improve its product offerings, and increase its global presence. This move underscores the growing importance of regulated custodial services in the digital asset space as investors seek greater security and regulatory certainty in their crypto investments.

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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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