Tag: bny mellon

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:...

Fireblocks, a crypto-security firm has raised $133 million in...

The new funding brings Fireblocks's valuation just shy of $1 billion as Fireblocks. America's Oldest Bank Taps Fireblocks BNY Mellon's latest crypto investment is likely linked to its new plan to offer...

The bank’s game plan was hidden in plain sight in a widely overlooked report by the World Economic Forum.

In the wake of Tesla’s big announcement on Monday, a wave of corporate engagement with crypto emerges.

Today, global banking and custodian heavyweight BNY Mellon announced that it is entering the Bitcoin arena with the creation of a “Digital Assets Unit.” The New York-based bank is a custodian of more than $41 trillion in assets and has $2 trillion in assets under management...

"Bitcoin is loving the BNY Mellon news. It's a very big deal," trader and analyst Alex Kruger tweeted.

The oldest bank in the US, BNY Mellon, will offer Bitcoin custody to its clients after stating that digital assets are seeing widespread adoption. BNY Mellon Adopts Bitcoin BNY Mellon works with Bakkt, the crypto futures platform owned by the NYSE operator, to secure crypto assets. On Thursday, the bank...

The world’s biggest custodian bank beats rivals JPMorgan and Citi to the punch.