Tags : Mellon

Bitcoin

US bank BNY Mellon blames “no exposure to Bitcoin” for

US bank BNY Mellon says one of its technology-focused funds had underperformed the market because it wasn’t exposed to companies investing in Bitcoin, a filing from yesterday showed. As of the second quarter of 2020, BNY Mellon is the world’s largest custodian bank and asset servicing company, with over $2.0 trillion in assets under management […]Read More

Bitcoin

Silicon Valley VCs and BNY Mellon announce $170 million investment

The Bank of New York Mellon, known as BNY Mellon, is one of several investment firms investing in Fireblocks, a startup platform for digital asset custody. Fireblocks will raise  $170 million in its Series C venture capital investment, according to Forbes. BNY Mellon plans to use Fireblocks’ technology for its custodian services, in an attempt […]Read More

Market

Bitcoin Hits New All-Time High as BNY Mellon Announces Crypto

Bitcoin set a new record highs on Thursday after BNY Mellon, America’s oldest bank, announced crypto custody for institutional clients. The cryptocurrency set a new high of $48,297 during the U.S. trading hours, surpassing the previous peak price of $48,226 registered on Tuesday, according to CoinDesk 20 data. Buyers stepped in around $46,700 after BNY […]Read More