BNY Mellon News

Bullish chart setups hint at more upside for XRP, with price targets near $2.87 and possibly $3.72 if momentum holds.

Bitfarms and Riot Platforms settle months of corporate disputes with board review, while BlackRock moves for changes to Bitcoin ETF withdrawals. 

The latest initiatives by the Monetary Authority of Singapore aim to develop foundational capabilities to scale tokenized markets.

Positive developments concerning Circle's $3.3 billion worth of reserves held at Silicon Valley Bank and its new banking partners have seen USDC climb back toward its $1 peg.

Despite most of the crypto market being down 60% from all-time highs, BNY Mellon head of digital assets Michael Demissie says the digital asset industry isn’t going anywhere.

Traditional financial institutions continue to demonstrate use cases for digital asset support, along with DeFi capabilities, despite current market conditions.

BNY Mellon CEO Robin Vince pointed to a survey earlier this year that found 91% of institutional asset managers were interested in investing in tokenized assets.

Another major financial institution has signaled its intent to offer Bitcoin and Ether services to its clients.

The bank will store private keys and provide bookkeeping services equivalent to those offered to fund managers in traditional assets.

PayPal-backed crypto firm Talos has raised fresh funding from companies like Ken Fox’s private equity firm Stripes, BNY Mellon, Citi and others.

The investment bank reportedly said it will begin with the United States and then expand worldwide based on market demand.

Bank of New York Mellon, the world’s largest custodian bank, has partnered with blockchain software firm Chainalysis to track its users’ crypto transactions.

“Often the crowd unanimously call the dip/bottom earlier than the actual dip and the real bottoms forms when the crowd least expects which is represented by low to no mentions in Buy The Dip,” K J Lanaul wrote.

The "Oracle of Omaha" now has more companies in his portfolio that have direct/indirect exposure to Bitcoin and similar cryptocurrencies.

Traditional financial institutions such as State Street and BNY Mellon continue to get involved in the fast-evolving cryptocurrency space.