Top stories in The Crypto Roundup today:

• Bakkt Warehouse Now Offering Bitcoin Custody to All Institutions
• Crypto Exchange Bittrex to Return Frozen Funds to Users in Sanctioned Regions
• Andreessen Horowitz Has a Free Course That Shows How to Build a Crypto Startup

At the time of writing, bitcoin (BTC) is trading at $8,758 (-0.13%) with a daily Top Tier volume of $960.05 mn. As for ether (ETH), it is trading at $186 (-0.21%) with a daily Top Tier volume of $220.53 mn. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 3,100.29 (-0.03%).

Bakkt Warehouse Now Offering Bitcoin Custody to All Institutions

 

On Monday (November 11), Adam White, the Chief Operating Officer (COO) of Bakkt, the crypto custodian and Bitcoin futures exchange subsidiary of Intercontinental Exchange (ICE), declared that qualified custodian Bakkt Warehouse is now offering its Bitcoin custody service to all institutions and not just those trading the Bakkt Bitcoin Futures contracts.

This move comes after Bakkt received permission from the New York Department of Financial Services (NYDFS) to offer this Bitcoin custody service to even those institutions that are not interested in Bakkt's physically-settled daily or monthly Bitcoin futures.

In his blog post, which was published earlier today, White said that Pantera Capital, Galaxy Digital, and Tagomi are three examples of companies storing their bitcoins at the Bakkt Warehouse, and that more "marquee firms" would be onboarded in the next several weeks.

Crypto Exchange Bittrex to Return Frozen Funds to Users in Sanctioned Regions

Bittrex, a popular U.S.-based cryptocurrency exchange, is seemingly looking to return cryptocurrency holdings to users it had to block from its platform over international sanctions.

According to a tweet published by former user Ziya Sadr, Bittrex is now reaching out to users who reside in sanctioned nations where it’s legally unable to offer its services to send them their frozen funds. The tweet contains a letter that describes Bittrex's application process:

In May of 2018, Bittrex filed an application to permit it to release the funds currently frozen back to the owners. This application was recently granted and we are writing to let you know that you may withdraw your funds to another exchange.

Andreessen Horowitz Has a Free Course That Shows How to Build a Crypto Startup

California-based venture capital (VC) firm Andreessen Horowitz (aka "a16z") has announced a free seven-week course for those interested in building a blockchain/crypto startup.

The VC firm founded in 2009 by Marc Andreessen and Ben Horowitz invests in "seed to late-stage technology companies, across the consumer, enterprise, bio/healthcare, crypto, and fintech spaces," and it has "$10B in assets under management across multiple funds, including the $650M Bio funds, the $350M Crypto fund, and the Cultural Leadership Fund."

In a blog post published on November 8, Chris Dixon, one of the firm's general partners, said that 16z is excited about blockchain technology and the crypto projects it has inspired. He also said that a16z has been investing in the blockchain space for the past seven years. 

State of the Crypto by Top Tier Exchange Volume

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