Illustration of a Bitcoin symbol moving towards a SpaceX rocket

SpaceX Moves 281 Bitcoin to New Wallet in Custody Reshuffle

SpaceX Bitcoin holdings are on the move again. The aerospace company recently transferred 281 BTC, worth approximately $31.28 million, to a new digital wallet. This action likely indicates a change in their Bitcoin custody strategy. Significantly, this marks the third time in just ten days that the company has moved its SpaceX Bitcoin holdings. Details of the Recent SpaceX…

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NYDFS headquarters building with digital cryptocurrency custody security concept illustration

NYDFS Strengthens Crypto Custody Rules to Protect Client Assets in Bankruptcy

The New York State Department of Financial Services (NYDFS) has issued updated regulatory guidelines for licensed cryptocurrency custodians, introducing stricter protections for client assets, particularly in cases of custodian insolvency. The 2025 guidelines, which replace the previous 2023 version, emphasize that beneficial ownership of digital assets must remain with clients even during bankruptcy proceedings. Enhanced…

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