DeFi
Google Cloud Unveils Multi-Party Computation Custody Service for Banks
Google Cloud introduced Google Multi-Party Compute (MPC), a dedicated institutional custody product for cryptocurrencies and tokenized assets, at its first digital-assets symposium in New York on October 28, 2026. The service is currently in private preview with several major financial institutions and design partners. Alphabet is already using it to secure its own Ethereum and Solana holdings. Commercial availability is targeted for early 2027; pricing has not been disclosed.
The product splits private keys into shares distributed across independent environments—for example, one share on a bank’s own hardware, one in Google Cloud, and one with a rival cloud provider. A predefined threshold (such as 2-of-3 or 5-of-7) must authorize a signature. The full private key is never assembled in a single location. Transactions pass through a policy engine inside Google’s Confidential Space that enforces spending limits, approved destination addresses, and multi-party approvals before signing occurs. Google states it cannot access key material in plaintext, even for shares stored on its infrastructure.
The offering targets banks and custodians seeking to reduce single points of failure associated with private-key theft. It builds on Google Cloud’s existing Key Management Service and Cloud HSM capabilities but packages them into a purpose-built digital-asset solution. Speakers at the symposium included representatives from Morgan Stanley, Citi, Wells Fargo, and OKX, signaling strong institutional interest. Google has described the launch as its biggest to date in the digital-assets space.
By distributing signing authority and applying institutional policy checks before any signature is produced, the service aims to give regulated institutions greater control and resilience as they expand crypto and tokenized-asset operations. The private-preview stage allows early partners to test the system ahead of broader commercial availability next year.
The content on CoinReporter.io is for informational purposes only and is not financial or investment advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. CoinReporter.io and its authors are not liable for any losses resulting from actions based on this website’s content.
Bitcoin fell below $78,000 on October 30, 2026, as confirmation of the Binance security incident accelerated a broader risk-off move across crypto markets.
On CoinMarketCap, Bitcoin traded at $78,430 with a market capitalization of approximately $1.57 trillion, down roughly 2% over the prior 24 hours and more sharply from earlier levels near $81,000–$82,000. The decline pushed BTC to its weakest levels in more than a month, with some reports showing brief tests of the mid-$76,000s during the sharpest phase of the sell-off.
The drop intensified after Binance disclosed the estimated $6.3 billion hot-wallet breach late on October 29. Leveraged liquidations amplified the move, with figures ranging from hundreds of millions to more than $1 billion in 24-hour windows depending on the snapshot and venue. Broader risk aversion linked to technology-stock weakness and a hawkish tone from the Federal Reserve added to the pressure.
Bitcoin dominance remained elevated, indicating that capital was rotating out of higher-beta assets rather than exiting the crypto market entirely. Analysts highlighted key support clusters in the $77,000–$79,000 range, while resistance stayed firm above $81,000–$85,000. The incident’s market impact is still unfolding as investigations continue and further details on frozen assets and potential recoveries emerge.
Bitcoin Slides Below $78,000 as Risk-Off Sentiment Intensifies
Bitcoin fell below $78,000 on October 30, 2026, as confirmation of the Binance security incident accelerated a broader risk-off move...
Stablecoin Issuers and Partners Freeze Billions Linked to Binance Incident
Stablecoin issuers and blockchain partners moved rapidly to freeze billions of dollars in assets tied to the Binance security incident...
Binance Suffers Record $6.3 Billion Security Incident — Largest Crypto Heist in History
Binance, the world’s largest cryptocurrency exchange, confirmed a major security breach late on October 29, 2026, with an estimated impact...
LUNC Hits 462B Burned After v4.1.1 Upgrade
As of late October 2026, Terra Classic (LUNC) has burned approximately 462.5 billion tokens—about 6.7% of its roughly 6.445 trillion...
Hyperliquid Permanently Burns Nearly 5% of Maximum HYPE Supply Amid Broader Token Burn Trends
Hyperliquid has permanently burned 49.87 million HYPE tokens, representing 4.99% of the token’s 1 billion maximum supply and valued at...
Moody’s Assigns Investment-Grade A2 Rating to Ripple’s RLUSD; Coinbase Lists the Stablecoin
Moody’s Ratings assigned Ripple USD (RLUSD) an A2 long-term deposit rating and a P-1 short-term deposit rating on October 27,...
Google Cloud Unveils Multi-Party Computation Custody Service for Banks
Google Cloud introduced Google Multi-Party Compute (MPC), a dedicated institutional custody product for cryptocurrencies and tokenized assets, at its first...
Federal Reserve Holds Rates Steady as Bitcoin Trades Near $80,000; December Hike Odds Rise
The Federal Reserve left interest rates unchanged on October 28, 2026, holding the federal funds target range at 3.75% to...
Aviva Investors Tokenizes £22 Billion
LONDON — October 26, 2026 — Aviva Investors, the asset-management arm of UK insurer Aviva, launched a tokenized share class...
Ripple Secures Final OCC Approval for National Trust Bank to Oversee RLUSD
SAN FRANCISCO / WASHINGTON — October 26, 2026 — Ripple received final approval from the U.S. Office of the Comptroller...
-
Crypto3 weeks agoESMA gives EU crypto firms three months to exit non-MiCA stablecoins
-
Crypto4 weeks agoBinance Burns 334.88 Million LUNC in October Fee Batch as Second Transaction Lifts the Day’s Total
-
DeFi4 weeks agoHong Kong Moves Licensed Stablecoins Onto Exchanges and Into Fund Settlement
-
Bitcoin3 weeks agoStrategy (MicroStrategy) Adds 250 Bitcoin, Holdings Reach 848,250 BTC
-
Bitcoin4 weeks agoSEC clears listing path for first U.S. 3x Bitcoin and Ether ETFs
-
DeFi4 weeks agoTOKEN2049 Opens in Singapore Next Week as the City Leads Regional Crypto Flow
-
DeFi4 weeks agoHSBC Names Its Hong Kong Stablecoin RedCoin, and Starts With PayMe
-
DeFi3 weeks agoBitcoin Drops Below $82,000 Amid $770M+ in Liquidations as Volatility Spikes
-
DeFi4 weeks agoRobinhood Puts Hedge-Fund Tools in the App as Macro Turns Softer
-
Bitcoin3 weeks agoBitcoin breaks under $84,000 as oil spikes on Hormuz tanker attacks
-
Bitcoin1 month agoStrategy Adds Another 1,665 BTC, Lifting Holdings to 847,666
-
DeFi4 weeks agoSouth Korea Ranks Second in On-Chain Crypto Holdings as the Tax Date Holds
-
Crypto4 weeks agoTreasury and FinCEN drop unhosted-wallet and mixer surveillance proposals
-
Bitcoin1 month agoCoinbase Receives CFTC Approval for U.S. Derivatives Clearinghouse
-
DeFi3 weeks agoGovernment-linked wallets move seized coins
-
Crypto4 weeks agoSingapore Reclaims the Regional Crypto Lead at $284 Billion as the Rest of CSAO Shrinks
-
DeFi4 weeks agoBTSE Receives a Full Licence to Trade and Custody Crypto in Bhutan
-
Bitcoin3 weeks agoSpot bitcoin ETFs flip to a ~$487 million outflow
-
DeFi3 weeks agoWinklevoss files a 0.25% Zcash ETF
-
DeFi3 weeks agoBitcoin Holds Above $84,000, Shrugging Off Heavy ETF Outflows as Oil Declines
-
Bitcoin3 weeks agoBitcoin loses $84,000 as Hormuz attacks lift oil and yields
-
DeFi2 weeks agoU.S. Spot Bitcoin and Ethereum ETFs See Significant Weekly Outflows
-
DeFi3 weeks agoUptober stalls ahead of the Fed minutes
-
DeFi1 month agoQuant Surges After Selection for U.S. Bank On-Chain Payments Initiative
-
Crypto4 weeks agoCFTC opens Regulation CTX and CAM after Clarity Act stalls
-
Crypto3 weeks agoEther funds were already bleeding
-
DeFi2 weeks agoTRON Q3 2026 Report: $2.21 Trillion in Stablecoin Settlement Volume
-
Bitcoin1 month agoSpot Bitcoin ETFs Record Strongest Weekly Inflows of 2026, Flipping Year-to-Date Flows Positive
-
DeFi1 month agoBitget Puts $300 Million Protection Fund Back After Hack
-
DeFi2 weeks agoBitcoin and Ethereum Spot ETFs Record Substantial Weekly Outflows
-
Bitcoin4 weeks agoBitcoin rejected again under $87,400 as Uptober stalls
-
Bitcoin3 weeks agoThird rejection at $87,000 while stocks print records
-
DeFi2 weeks agoArbitrum Rallies on Stablecoin Growth Program as DeFi Tokens Outperform
-
Crypto3 weeks agoTreasuries, triple leverage, a testnet fork, and a bank app
-
DeFi1 month agoBitget Raises Breach Estimate to $387.5 Million; Phased Withdrawals Begin September 28
-
DeFi1 week agoBNB Standard Corporation