Tag Archives: bny mellon

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Bitcoin is doing extremely well as of late. Many analysts are contemplating whether the world’s number one digital currency by market cap could potentially reach a six-figure price of around $100,000 or more by the end of the year, and now it looks like Wall Street is beginning to get interested in this idea. Bitcoin Just Keeps Getting Bigger In the past, Wall Street players and banks have often dismissed bitcoin and its fellow crypto mates given that they were volatile...

Fire Blocks – a crypto custodial service based in New York City – has garnered roughly $133 million in funding from the likes of both Silicon Valley Bank and BNY Mellon. Fire Blocks Gets $133 Million from BNY Mellon The funds came by way of a Series C venture capital funding round led by Coatue, Ribbit and Stripes. Overall, the company has gotten its fingers on approximately $179 million in new funds over the past several months. Firms to have previously invested in Fire...

The recent news regarding Tesla’s big bitcoin purchase appears to have every major company and financial organization thinking about digital currency. The latest one with bitcoin on the brain is New York-based BNY Mellon, one of the largest and oldest banks in the United States.BNY Mellon Is Offering the Crypto World More LegitimacyBNY Mellon currently manages more than $2 trillion in assets, though up to this point, none have been digital. Now, the company says it will begin holding bitcoin...

Dow Futures are showing a sharp recovery after Monday’s bloodbath as U.S. President Donald Trump assures supporting industries amid this ongoing COVID-19 outbreak that has disrupted the global economy.On Monday, Dow Jones suffered its worst day after the “Black Friday” market crash of 1987 as fears of coronavirus continue to mount further. The Dow Jones crashed 12.9% i.e. nearly 3000 points closing at 20,188 levels. Just at the Monday opening, Dow Jones triggered a circuit breaker halting...

The latest reports have revealed that the Bank of New York Mellon has officially joined the Marco Polo trade finance consortium. This consortium is known to run on R3’s Corda and BNY Mellon has become the 28th bank to join. The bank has been constantly investing in the blockchain space since 2015. As we highlighted previously, the investments have significantly increased in recent months.The $373-billion asset bank is reportedly evaluating Marco Polo’s technology intending to onboard clients...

Photo: Bitwise / TwitterBitwise has tapped into the experience of the Bank of New York Mellon. It has appointed the BNY Mellon to serve as the administrator and transfer agent for its forthcoming Bitcoin exchange-traded fund (ETF). Bitwise filed an amendment to its Bitwise Bitcoin ETF S-1 form on September 11. It then submitted the amendment to the United States Securities and Exchange Commission (SEC) on the same day.The amendment lists Foreside Fund Services as the marketing agent, BNY...