Tag: luxurylifestyle
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Oldest US Bank BNY Mellon Sets Up Crypto Unit to Offer Bitcoin Services
The Bank of New York Mellon, BNY Mellon, has set up a digital asset unit. The oldest bank in the U.S. plans to “hold, transfer, and issue” bitcoin and other cryptocurrencies on behalf of its clients. The bank aims to eventually treat cryptocurrencies like any other assets. BNY Mellon Gets Into Crypto The oldest bank…
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JPMorgan co-president admits the demand for Bitcoin will come at “some point”
In a conversation with CNBC about Bitcoin, JPMorgan co-president Daniel Pinto said the demand for Bitcoin will come at “some point.” Albeit the message seems ostensibly optimistic, Pinto is implying that the demand for Bitcoin isn’t here just yet. What kind of demand for Bitcoin would be sufficient? The price of Bitcoin has increased by…
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Beyond Bitcoin? Little known project jumps 116% on €2.75M EU ‘new money’ grant
A currency that gains value through abundance, not scarcity? That’s the object of a $3.3 million EU research project which doubled the value of an associated token overnight.