FreeCryptoCurrency.Me

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 becoming part of the mainstream,” said Roman Regelman, CEO of asset servicing and head of digital at BNY Mellon.

BNY Mellon, the world’s largest custodian, already works with Bakkt to provide digital asset safekeeping.

This is a developing story and will be updated…

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Conclave is compatible with R3’s blockchain platform Corda Enterprise and will be fully integrated going forward.

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

The bill was introduced by Republican State Senator Mark Lofgren to bring blockchain tech on par with traditional contracts and recordkeeping.

Quick Take

• Founded in 2003 by Dan Morehead, Pantera Capital was initially a traditional hedge fund focused on investing in global macro trends. However, the firm shifted its focus to digital assets and blockchain technology in 2013
• With over $1.6 Billion in assets under management, Pantera operates three funds and plans to launch a new fund within the next few months aimed at institutional investors
• In total, the firm’s active portfolio consists of at least 90 startups and protocols across thirteen verticals, which The Block has mapped out

This research piece is available to
members of The Block Genesis.
You can continue reading
this Genesis research on The Block.

Images have surfaced on Twitter reportedly showing a crypto-mining operation using laptops fitted with high-end Nvidia RTX 30-series graphics cards.

Christine Kim and Will Foxley discuss with Ethereum Foundation researcher Danny Ryan the roll-out of the Ethereum 2.0 development roadmap, starting with the launch of phase 0 and the Beacon Chain.

To celebrate the International Day of Women and Girls in Science, players earn badges while learning from prominent female scientists.

The NYU economist also warned bitcoin could “collapse” if Tether and Bitfinex are indicted this year.

“I see the promise of these new technologies, but I also see the reality: cryptocurrencies have been used to launder the profits of online drug traffickers; they’ve been a tool to finance terrorism,” Yellen said.