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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...

3-way Partnership: LuLu Exchange, Federal Bank, and RippleNet


LuLu International Exchange, a financial service provider and market leader in the foreign exchange space, has entered into a strategic partnership with Federal Bank exchange, a foreign exchange bank in India, in association with RippleNet Cloud, a global payment exchange. LuLu Exchange identified...

Nigerian Senators Blast Central Bank For Its Crypto Ban


Following the Central Bank of Nigeria’s (CBN) clampdown on banks facilitating crypto investments, a number of the country’s senators have voiced their outrage at the bank, calling on the Nigerian regulators to facilitate the further adoption of cryptocurrencies across the country. The CBN Governor...

America's Oldest Bank Goes Bitcoin


The oldest bank in the US, New York Mellon Corp. will hold, transfer and issue bitcoin (BTC) and other unspecified cryptoassets on behalf of its asset-management clients, the Wall Street Journal reported, citing Roman Regelman, chief executive of BNY Mellon’s asset-servicing and digital...

Major Malaysian Bank Kenanga Acquires 19% Stake in a Crypto Exchange


One of Malaysia’s top investment banks has bought a 19% stake in a local crypto exchange via its private equity arm. The Kenanga Investment Bank announced its inception into the crypto business by investing in Tokenize Xchange. Tokenize Xchange Is One of the Three Malaysian Licensed Crypto...

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