Credit Suisse held $32 million of digital assets for customers last quarter
\[Credit Suisse held 32 million US dollars of digital assets for its customers last quarter\] according to the golden financial report, according to regulatory documents, Credit Suisse held 31 million Swiss francs (about 32 million US dollars) of assets and liabilities for its customers at the end of the second quarter, and vaguely described as follows: digital assets protect assets. It did not report holding these assets in the first two quarters. The document does not provide a specific amount of digital assets. A person familiar with the matter said that Credit Suisse disclosed that it held token Securities for its customers according to the accounting standards of the US Securities and Exchange Commission. The so-called "SAB 121" instructs companies holding "encrypted assets" for customers to report them as assets and liabilities on the balance sheet. Regulators published the guidelines in March to highlight the "significant risks" of cryptocurrency custody. Credit Suisse stated in its annual report that it now complies with the accounting standards.
Don't bother with hardware wallets in card format
Hardly a Bitcoin conference goes by without a new credit card-sized "hardware wallet" being thrust into your hand. A proud €100 equivalent is said to have been given to attendees of the Bitcoin 2022 conference in Miami in the form of a card wallet. At first glance, the format seems obvious: Most people are already
Russia To Allow International Trade In Bitcoin, Crypto For Any Industry: Report
“[The central bank] is in favor of creating a full-fledged infrastructure for the circulation of digital currencies in Russia,”
Safe Lightning Transactions Without The Need for Continuous Network Connectivity
One of the biggest issues with Bitcoin’s Lightning Network is that constant self-monitoring is required to keep your funds secure and to prevent theft by your state channel counterparty. Today I…