BTC $81,343.77 +0.21%
ETH $2,400.06 +0.92%
BNB $741.61 +1.71%
XRP $1.31 +0.84%
SOL $103.89 +0.78%
TRX $0.3299 +0.66%
DOGE $0.0792 +1.43%
ADA $0.2139 +1.41%
BCH $284.83 +4.44%
LINK $11.93 +0.56%
HYPE $77.64 +0.83%
AAVE $147.11 +0.72%
SUI $0.9783 +0.92%
XLM $0.1751 +0.24%
ZEC $1,229.17 +1.73%
AAPL $347.64 -0.22%
AMZN $248.78 -0.88%
GOOGL $321.55 -1.09%
MSFT $524.79 +0.58%
META $642.85 -0.52%
NVDA $211.59 -0.51%
TSLA $372.85 -0.30%
SNDK $1,243.81 +0.66%
INTC $87.19 +2.63%
SPCX $148.07 +1.59%
MU $881.23 +3.54%
AMD $518.29 +2.18%
BTC $81,343.77 +0.21%
ETH $2,400.06 +0.92%
BNB $741.61 +1.71%
XRP $1.31 +0.84%
SOL $103.89 +0.78%
TRX $0.3299 +0.66%
DOGE $0.0792 +1.43%
ADA $0.2139 +1.41%
BCH $284.83 +4.44%
LINK $11.93 +0.56%
HYPE $77.64 +0.83%
AAVE $147.11 +0.72%
SUI $0.9783 +0.92%
XLM $0.1751 +0.24%
ZEC $1,229.17 +1.73%
AAPL $347.64 -0.22%
AMZN $248.78 -0.88%
GOOGL $321.55 -1.09%
MSFT $524.79 +0.58%
META $642.85 -0.52%
NVDA $211.59 -0.51%
TSLA $372.85 -0.30%
SNDK $1,243.81 +0.66%
INTC $87.19 +2.63%
SPCX $148.07 +1.59%
MU $881.23 +3.54%
AMD $518.29 +2.18%

client

All
Article
Flash

Deutsche Sparkasse enters the cryptocurrency trading field, with the first batch of institutional clients able to buy and sell crypto assets directly through the App

According to a confirmation from the German Savings Banks and Giro Association (DSGV) to the media, the German Savings Banks (Sparkassen) officially entered the cryptocurrency trading sector this Monday. Institutional clients participating in the first batch can now directly buy and sell digital assets such as Bitcoin through their existing official app.The trading service launched is supported by the securities service provider of the savings banks, Dekabank, and is jointly responsible for the custody of crypto assets with the Stuttgart Stock Exchange. The initial supported trading currencies include Bitcoin, Ethereum, Ripple, Solana, and Polygon. In terms of fees, the service sets a low transaction fee of only 0.99 euros per order, and users are not required to bind a traditional securities account, which is clearly aimed at competing directly on pricing with emerging mobile banks like N26 and Trade Republic.In terms of the promotion schedule, the service does not have a unified national launch date but allows each savings bank to decide its own launch time based on its circumstances. Joachim Schmalzl, a member of the DSGV management, stated that there is strong interest in this business within the group, and it is expected that 30 to 40 institutions will follow suit each month, with the goal of covering most interested savings banks by the first half of 2027. He emphasized that the product is mainly aimed at clients who wish to independently buy, sell, and custody crypto assets, and the savings banks do not provide investment advice nor plan to conduct extensive proactive marketing in the initial phase.For a long time, due to the extreme volatility of cryptocurrencies, the German Savings Banks have maintained a cautious attitude towards them. Schmalzl pointed out that the decision to enter the market was the result of careful consideration, with the decisive factors being strong customer demand and the fact that Europe currently has a reliable regulatory framework, aimed at allowing clients with clear intentions to trade in a regulated compliance environment.However, DSGV still maintains a cautious tone in its statement, reiterating that cryptocurrencies are "highly speculative assets," and clients will be clearly warned of the risks of extreme price fluctuations and total loss when operating. The bank also emphasizes that for the long-term wealth accumulation of the public, traditional securities investments, savings plans, and financial consulting remain its core business.

first_img Cryptography technology provider Haruko was attacked, affecting 15 clients, with a small amount of funds stolen

According to CoinDesk, the crypto technology provider Haruko was targeted in a cyber attack earlier this week, affecting 15 clients. The attack exposed clients' read-only exchange API details and trading data. According to insiders, some hedge fund clients with weaker security protections may have had a small amount of funds stolen.Adam Carlile, co-founder and Chief Technology Officer of Haruko, stated in an email sent to clients that this was a targeted attack initiated by an organization, and the affected clients were all non-whitelisted clients. The attackers exploited a vulnerability in one of Haruko's processes to extract user access tokens, thereby obtaining data such as read-only exchange API information stored in process memory; clients' login credentials were not compromised. Haruko has fixed the vulnerability and refreshed the server-side keys, and plans to release a complete technical review report.Based in London, Haruko provides portfolio, risk management, and trading data infrastructure for institutional digital asset companies. The platform connects centralized exchanges, custodians, blockchains, and DeFi protocols, currently serving over 80 clients globally and integrating with more than 100 centralized trading platforms, 30 blockchains, and 250 on-chain protocols. Its listed clients include Bitcoin Suisse, GSR, Flowdesk, 3iQ Digital Assets, M2, among others, with GSR stating that it was not affected by this incident.

first_img The head of Grayscale Research reiterated that Bitcoin at $58,000 is the bottom, signaling a green light to clients

According to The Block, Grayscale's research director Zach Pandl stated that the approximately $58,000 low reached around June 30 remains his assessment of the bottom of the current bear market phase, and Grayscale is currently advising clients to allocate Bitcoin.Pandl mentioned in an interview with The Block during the Avalanche summit in New York that they have maintained the view that $58,000 is the bottom of this bear market phase for the past few months. This assessment echoes the comments made by Coinbase CEO Brian Armstrong, who stated on September 10 that Bitcoin has bottomed out in the current cycle and expects a sustained upward trend for the next two years.Pandl stated that Grayscale uses a three-part framework to assess whether clients should allocate Bitcoin, including long-term structural trends, market cycle phases, and macro context. He believes that all three conditions are currently met, thus giving clients the "green light" to allocate Bitcoin. As of Thursday morning, Bitcoin was above $76,000, up 0.8% in 24 hours, but still down about 39% from its historical high of approximately $126,000.Pandl also compared Bitcoin with Zcash, noting that Grayscale has offered investment products for Zcash for about nine years. He believes that Zcash occupies an "underutilized and unexplored design space," rather than directly competing with Bitcoin, and pointed out that as artificial intelligence becomes more powerful, privacy issues are receiving more attention, with Zcash providing investors a way to express their views on personal and financial privacy.
app_icon
ChainCatcher Building the Web3 world with innovations.