Custodia says that the Kansas City Federal Reserve Board of Governors was unfair about approval delays while giving BNY Mellon the go-ahead to do cryptocurrency custody. Custodia Bank has filed a petition in a U.S. court in Wyoming over what it calls "favoritism" and "lack of respect" by the Board of Directors of the Kansas […] The post...
Yeah, yeah, the BNY Mellon entered the crypto custody business. The real story here is Custodia Bank’s Caitlin Long’s emotional speech at DC Fintech Week. The bitcoin enthusiast banker left the rest of the panel speechless by accusing the Federal Reserve of giving preferential treatment to BNY Mellon. “We’ve been waiting for two and a half years to do that,” Caitlin Long said...
The oldest bank in the United States, Bank of New York Mellon (BNY Mellon), has received approval to add digital assets custody to its services, The Wall Street Journal reported on Oct. 11. According to the report, the bank will offer this service to traditional fund managers already...
The world’s largest custodian bank can now receive and store customers’ bitcoin and cryptocurrency, following a regulatory approval in New York.BNY Mellon can now provide bitcoin custody services.The centuries-old institution won the approval of New York's financial regulator to begin offering the service.The move comes as institutions attempt to cater to a growing demand for cryptocurrency services....
BNY Mellon has taken several steps to embrace digital assets this year. BNY Mellon Offering Crypto Custody Americas oldest bank just got the green light to start receiving crypto on...
Investment bank BNY Mellon signed a memorandum of understanding (MOU) with the Blockchain Association Singapore (BAS) to collaborate on advancing blockchain technology, driving institutional digital assets, and decentralized finance (DeFi) adoption. BNY has already announced plans to launch a digital asset custody platform later this year. The investment bank is helping institutional investors, as well...
Financial infrastructure provider Circle Internet Financial said on Thursday it had picked Wall Street BNY Mellon as the primary custodian for the reserves backing its stablecoin USD Coin (USDC). Circle is the creator and the main...
Top Israeli bank, Bank Leumi, is set to become the first bank in the country to enable crypto trading services through its digital platform, Pepper Invest. This is coming after the traditional banking institution entered into a partnership with blockchain firm Paxos. Bank Leumi’s Pepper Invest crypto trading services According to a...
BNY Mellon, a major US global bank headquartered in New York, has announced plans to launch a digital asset custody platform today to enable institutional clients to get exposure to cryptocurrencies.
Blockchain data platform, Chainalysis recently announced that the company has joined hands with the Bank of New York Mellon Corporation (BNY Mellon), to provide crypto compliance tools.
Amid growing demand from institutional clients for digital assets, Wall Street giant BNY Mellon is backing London-based crypto trading platform Pure Digital to provide trading and custodial solutions. One of the U.S's largest baking custodians State Street was the first to announce its support to the trading platform. BNY Mellon will be joining the consortium The post BNY Mellon Backs Pure Digital to...
Although the influx of institutional investors into Bitcoin has slowed, Grayscale Bitcoin Trust remains one of the most notable institutional investor. GBTC has received a new push from one of the world's most powerful banks, which intends to strengthen the former's ETF goals. Grayscale Investment Partners With BNY Mellon Grayscale Investments, a digital asset management,...
Grayscale has selected BNY Mellon as the asset servicing provider for its bitcoin trust, which it wants to convert into an ETF soon.Asset manager Grayscale announced today that it has selected BNY Mellon as the asset...
Grayscale, the world's largest digital asset manager today announced BNY Mellon, the oldest custody bank as its ETF service partner when it would convert its popular institutional Bitcoin product GBTC into a Bitcoin ETF. BNY Mellon would act as the asset servicing provider that would offer fund accounting and administration for GBTC until it gets The post Breaking: Grayscale Selects BNY Mellon as...
In its latest filing with the U.S. SEC, banking giant BNY Mellon has conceded that choosing stocks of gold mining companies against the companies invested in Bitcoin (BTC) has led to underperformance in its...
The country’s oldest banking institution has taken a deep dive into the future of bitcoin’s value through a new report.BNY Mellon, the nation's oldest banking institution, founded in 1784, released a March 2021 report today covering various valuations frameworks for bitcoin. This came on...
PLUS: More takes on “WTF is an NFT?” There is something fitting about Bitcoin crossing $60k for the first time on March 13, 2021, a year and one day after crypto’s “Black Thursday,” when Bitcoin’s price plunged 50% over two days in response to the coronavirus. While devastating at the time, you can now barely see it on the BTC price chart:...
News