Bank of New York Mellon (BNY Mellon), the oldest bank of America, is set to custody bitcoin and other cryptocurrencies later this year. The Wall Street Journal reported the news on Thursday, saying that the bank plans to eventually treat cryptocurrencies like any other asset. “Digital assets are bec...
Mastercard said Wednesday that it will begin supporting cryptocurrencies on its network later this year. In a blog post, the payments giant stated that "[w]hatever your opinions on cryptocurrencies — from a dyed-in-wool fanatic to utter skeptic — the fact remains that these digital assets are becomi...
Twitter founder and CEO Jack Dorsey made a $1 million donation to crypto policy think tank Coin Center, the group's executive director Jerry Brito announced in a tweet on Wednesday. Dorsey's gift comes during Coin Center's matching campaign. Grayscale Investments made a $1 million donation to the th...
Twitter CFO Ned Segal has said that the social media giant is considering whether to add bitcoin to its balance sheet.  In an interview with CNBC on Wednesday, Segal said if Twitter employees and vendors ask to be paid in bitcoin, then the company may consider investing in bitcoin as part of its tre...
Celo, a decentralized payments protocol, has closed a $20 million fundraise from investors including Andreesen Horowitz (a16z), Greenfield One, and Electric Capital. The latest investment brings Celo’s total fundraising to $65 million, with past backers including Jack Dorsey and Coinbase Ventures. F...
The Ethereum 2.0 or Eth2 staking contract now holds over 3 million ether (ETH), worth more than $5.3 billion at current prices. The contract continues to grab deposits, meaning more people are staking their ETH holdings to earn rewards. Just about two months ago, the deposit address held around 1 mi...
SCB 10X, the venture capital unit of Thailand's oldest Siam Commercial Bank, has launched a new $50 million fund to invest in blockchain and decentralized finance (DeFi) startups. SCB 10X is already an investor in crypto startups such as Ripple, BlockFi, and Alpha Finance. With the new fund, the fir...
The market capitalization of stablecoin Tether (USDT) has crossed the $30 billion mark. At press time, USDT's market cap stands at about $30.5 billion, meaning there are more than 30 billion USDT in circulation, each pegged to track one U.S. dollar. Tether has since long been the largest stablecoin ...
"It's been number one on the ask list for a long time." That's Tim McCourt, global head of equity products for CME Group. Speaking about the reception of the more than hundred-and-seventy-year-old exchange's latest product -- futures based on ETH, the native cryptocurrency of the Ethereum network --...
JP Morgan, the financial services giant that has prominent crypto clients such as Coinbase and Gemini, has put Signature Bank on its focus list.  A focus list involves which stocks the firm’s research department proposes as most promising. JP Morgan’s move to include Signature Bank suggests the bank...

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