DeFI News by Thebittimes.Com

Key takeaways BitGo and Swan will work together to launch a new trust company. The Bitcoin-only trust company will offer custody without exposure to the other cryptocurrencies. BitGo and Swan to launch a new trust company Crypto custodian BitGo and bitcoin financial services firm Swan have announced plans to launch a Bitcoin-only trust company .  According to the  press release published on Thursday, the Bitcoin-only trust company will offer custody without exposure to other digital currencies. The trust , which will be launch ed following regulatory approval, will combine BitGo’s custody capabilities with Swan’s expertise in fraud prevention and onboarding.  The companies said it would be the first Bitcoin-only trust company in the United States. BitGo CEO Mike Belshe said,  “We believe the best model for the Bitcoin industry is the same battle-tested model that has been part of the US financial industry for ...

Paul Veradittakit of Pantera Capital believes now could be a good time for new entrepreneurs to enter the crypto space. Despite depressed crypto prices and recent company collapses, one of the key investors behind crypto hedge fund Pantera Capital believes there’s never been a better time to start a blockchain company.  As part of a Jan. 23 post about the year ahead from a number of executives at Pantera Capital, Paul Veradittakit, General Partner at Pantera Capital explained that "On average," people working in the crypto space are more educated and passionate about crypto than in previous cycles. Strong start to the year! https://t.co/gFe5fUM0gT — paul.nft (@veradittakit) January 23, 2023 Overall, he said, "we are seeing a higher percentage of start ups coming to market with strong teams — entrepreneurs coming out of established crypto start ups like Coinbase, larger tech companies like Facebook, Uber, and Square, and legacy financial institutions like J.P. Morgan...