BNY Mellon to Hire Fireblocks on New Bitcoin Custody Service
Though Fireblocks and BNY have refused to comment on the new partnership, sources revealed that Fireblocks and BNY Mellon have been working together for a long time.BNY Mellon (NYSE: BK) is planning to work with digital asset firm Fireblocks on its new Bitcoin custody...
Bill Gates Warns that Only Billionaires like Elon Musk Should Venture into Bitcoin Investment
Before Gates changed his view on Bitcoin from “negative” to “neutral,” the billionaire had criticized crypto anonymity. He referred to cryptocurrency as “a rare technology that has caused deaths in a fairly direct way.”Microsoft Corporation (NASDAQ: MSFT) co-founder and American billionaire Bill Gates said...
US Treasury Secretary Janet Yellen Calls Bitcoin ‘Extremely Inefficient’, BTC Price Slides Below $50K
Yellen’s comments questioning Bitcoin price stability and volatility came just at a time when Bitcoin (BTC) was under heavy selling pressure and further declining 16% from its all-time high in a very short time.On Monday, February 22, US Treasury Secretary Janet Yellen issued a...
MGI Shares Plummet 22%, MoneyGram Relationship with Ripple on Hold
The shares of MoneyGram may bounce back to better days as the legal team representing Ripple reportedly had a great showing in the first court hearing.The shares of American money transfer giant Moneygram International Inc (NASDAQ: MGI) are coasting down the drains as the...
Tesla’s Bitcoin Investment: About 3 to 5% of Public Companies to Follow Similar Path
The best moment to buy or accumulate any digital asset is when the prices are low, and this may be a perfect time for corporate investors to follow Tesla’s Bitcoin investment move and get on the train.Daniel Ives, a Wedbush Securities analyst, has noted...
CoinShares Introduces DeFi Index Token for Institutional Investors
The DeFi Index token consists of wrapped assets – the company’s gold token DGLD (wDGLD), Bitcoin (wBTC), and Ethereum (wETH). CoinShares, the world’s first digital asset investor to launch a regulated Bitcoin (BTC) investment fund, has released decentralized finance (DeFi) Index Token to target institutional investors....
South Korea’s Bank Chief Expresses Skepticism about Crypto Industry
The bank’s chief also mentioned that the apex bank was making considerable progress with its central bank digital currency (CBDC) project.
A top executive of South Korea financial regulator Lee Ju-yeol, who is the governor of South Korea’s bank, has said that crypto like Bitcoin...
Canadian Bitcoin ETF to Hit $1B AUM by Friday, Bloomberg Analyst Expects
The emanation of the Bitcoin ETF in North America has been a good event but the US is still not sure of when their first Bitcoin ETF will see the light of the day.Following the boom of the entire cryptocurrency market led by Bitcoin,...
Bitcoin may suffer several corrections on its way to $200k, suggests Peter Brandt
Peter Brandt, veteran trader and author of “Diary of a Professional Commodity Trader,” pointed out that while Bitcoin’s (BTC) price could reach $200,000, history shows that it’s prone to massive corrections of 30% or more.“In the 2015-2017 bull market in $BTC, there were nine...
Tesla Makes Roughly $1B of Profit from Its Bitcoin Investment, Wedbush Analysts Say
The reported profit estimates from Tesla’s Bitcoin purchase may appear attractive to other publicly traded companies in the United States and beyond.Analysts from Wedbush Securities, a Los Angeles-based investment company, have revealed the approximate profitability of the Bitcoin (BTC) investment made by electric vehicle...
