Blockstream Launches $BTC Custody System with Thales

WHAT HAPPENED
▪️ Blockstream collaborated with Thales to launch a new custody system utilizing dedicated hardware for transaction signing.
▪️ Adam Back advocates for offline security solutions within custody architecture to help minimize cyber risks.

WHY IT MATTERS FOR TRADERS
Institutional custody solutions using dedicated hardware may improve market confidence regarding asset security. Stronger offline infrastructure could potentially encourage broader participation if perceived cyber risks are reduced.

MARKET SNAPSHOT
▪️ $BTC : 68,045.53 USD, down 4.8% (24h), 4H RSI 21.6
▪️ Range to watch: 67,568.00 support / 74,843.82 resistance

How important is offline hardware security when evaluating institutional custody options?

Source: Cointelegraph

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