U.S. banks are now allowed to offer cryptocurrency custody services, according to the Office of the Comptroller of the Currency (OCC). The move is seen as a major one for crypto adoption, as so far custody providers were limited to crypto-native businesses like Coinbase.
The first cryptocurrency hedge fund in the U.K. to win approval from the country’s regulators, Prime Factor Capital, is shutting down due to “insufficient demand from institutional investors.”
Apple co-founder Steve Wozniak is suing YouTube for the Google-owned video-sharing platform’s failure to stop cryptocurrency scammers from using his name in fake bitcoin giveaways, similar to the ones that affected Twitter last week.
Top stories in the Crypto Roundup today:
- U.S. Banks Can Now Offer Crypto Custody Services, Says Federal Regulator
- First Crypto Hedge Fund Licensed in U.K. Shuts Down
- Apple Co-Founder Sues YouTube Over Crypto Scams
At the time of writing, bitcoin (BTC) is trading at $9,499.98 (1.95%) with a daily Top Tier volume of $2.19 bn. As for ether (ETH), it is trading at $262.81 (8.34%) with a daily Top Tier volume of $1.25 bn. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 3,349.96 (3.92%).