Digital Currency Revolution Series: Heads-Up On Bitcoin Block-Halving Event, Long Hedges Intact As BTC Buyers Returned
Cryptocurrency Derivatives Series: Block-Halving & Open Interest Factors Drive Bitcoin Price To $10k Trajectory, Long Hedges Intact
Regulatory Series On Cryptocurrencies: Eurozone Banking Community’s Inclination For CBDC And Blockchain Amid Pandemic Crisis
Cryptocurrency Series: BTC Long Hedges Productive As Bitcoin Bulls Staged For 8th Consecutive Weeks’ Rallies
Digital Currency/Stablecoin/Tokenization Series: Publish And TokenPost Debuts Media Industry’s Stablecoin (NKRW)
Crypto Technicals: Bitcoin Bulls Resume Upon 7-DMA Support, Heads-Up On Short Liquidations And Long Hedges
Digital Currency Revolution Series: Bakkt Warehouse To Offer Mammoth Insurance Coverage Amid Growing Institutional Interest
Digital Currency Revolution Series: Quick Glance At Interest-Bearing Accounts For Holding Bitcoin On ‘Blockchain.com’
Digital Currency Revolution Series: Goldman Sachs Exhibits Reluctance In Bitcoin For Asset Portfolio
Crypto-Technical Series: Bitcoin Staged For 8th Consecutive Weeks’ Rallies, Long Hedges As BTC Reclaims $10k With Resounding Engulfing
Cryptocurrency Derivatives Series: FxWirePro’s BTC Long Hedges In Play When Bitcoin Skyrockets To $9k Territory
SBI Holdings invests in cryptocurrency wallet provider CoolBitX
Japanese financial services group SBI Holdings has announced that it has made an investment in CoolBitX, a cryptocurrency hardware wallet provider.
According to the official release, SBI has acquired 40 percent stake in CoolBitX as a result of this investment.
Founded in 2014, Taiwan-based CoolBitX develops cryptocurrency hardware wallet, which protects keys by a separate physical device that avoids the risk of being stolen and allows customers to store bitcoins securely and conveniently. Its wallet is compatible with various smartphones, including Android and iPhones devices.
According to CoinDesk, CoolBitX raised $500,000 in funding last year, which it said it would use to develop its hardware.
SBI Holdings revealed its plans to create a cryptocurrency-based financial ecosystem last year. In October 2016, it announced a new company called SBI Virtual Currencies Co., Ltd., whose launch recently postponed in order to boost security measures.
“In order to meet the diverse needs of investors, the SBI Group has established a virtual currency ecosystem composed of virtual currency related business such as virtual currency exchange. In addition, in each business of the virtual currency ecosystem, we have been looking for sophistication of security by capturing advanced technologies of external companies in addition to thorough risk management within the company, taking the maintenance of customer assets as the top priority,” SBI Holdings said.