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Project Overview
Xapo was a cryptocurrency wallet and custody service provider. In 2019, Coinbase acquired the institutional business of Xapo. In 2021, Xapo Bank relaunched, providing a platform to bridge the gap between traditional financial institutions and the digital currencies of the future.
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Arthur Hayes: Prepare to Buy Bitcoin, Sustained Monetary Expansion Could Drive It to $250,000
Odaily News: Arthur Hayes stated that investors should prepare to buy Bitcoin and expects Bitcoin to perform well in the coming years. He believes that if the U.S. continues to expand its money supply, Bitcoin's price could ultimately rise to $250,000.Bitcoin has risen about 20% since mid-August, adding $300 billion to its total market capitalization within hours. Scott Bessent previously pledged to support the bond market, and this week it was noted that the Treasury may tap nearly $1 trillion from the Treasury General Account to fund bond purchases.Gadi Chait, investment manager at Xapo Bank, said Bitcoin rose about 23% last week, marking its largest weekly gain since March 2023. During the same period, U.S. spot Bitcoin ETFs saw net inflows of approximately $1.9 billion, with record short liquidations further fueling the rally. (Forbes Digital Assets)
Xapo Bank Requires Users to Enable Location Permissions Before Trading, Citing Data Verification to Confirm Account Control
Odaily News: Bitcoin News posted on X platform that Xapo Bank users have reported the app now requires location data before allowing transactions. According to reports, one user was told they must share GPS coordinates to access their funds. Xapo Bank stated it will cross-check location information with other data to confirm that the account holder controls the account. @ToneVays warned that location requirements could become standard for regulated payment apps; Casa CEO @Nneuman said the measure may be aimed at countering large-scale social engineering attacks rather than traditional KYC.