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BNY Mellon, Franklin Templeton Heads to Co-Chair New Digital Asset Panel
3.7.2023
BNY Mellon and Franklin Templeton have been appointed as co-chairs of the new Digital Assets Market Subcommittee by the US derivatives and commodities regulator.
Caroline Butler, the global head of digital assets at BNY Mellon, and Sandy Kaul, the head of digital and industry advisory services...
In Crypto Cybersecurity, Ambiguity May Help - Ex-BNY Mellon Exec
24.5.2023
Leaving room in guidelines for interpretation and for a developing sector to self-regulate, grow, and change – instead of setting rigid laws to strictly follow – is likely the best choice for crypto cybersecurity regulation, said David Schwed former head of digital assets technology at banking...
BNY Mellon Going 'Incredibly Slow' on Crypto Products
18.4.2023
Bank of New York Mellon (BK) said it doesn’t consider itself a crypto bank and will continue to move slowly investing in the space during its first quarter earnings call on Tuesday
First Republic Bank’s Shares Downgraded to Junk Status by S&P Global; Stock Slides More Than 25% Lower
20.3.2023
After UBS acquired Credit Suisse and close to a dozen financial institutions injected $30 billion into First Republic Bank four days ago, S&P Global downgraded First Republic’s shares to junk status on Sunday. Investors are concerned that the cash infusion from 11 major financial...
US Bank Outflows and Concerns Mount: 11 Banks Bail Out First Republic Bank From Collapse
17.3.2023
After the fall of Silvergate Bank, Silicon Valley Bank (SVB), and Signature Bank (SNBY), First Republic Bank, a commercial bank and wealth management services provider, is the latest financial institution to receive a bailout. Close to a dozen lenders announced they will deposit $30 billion into...
Circle taps Cross River as banking partner, expands ties with BNY
13.3.2023
Circle announced a new banking partner after Silicon Valley Bank’s failure and is expanding ties with BNY Mellon
USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement
13.3.2023
The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 on March 12, 2023, at 7:20 p.m. Eastern Time. The stablecoin jumped back to the $0.99 range after the U.S. Federal Reserve revealed it would bail out depositors of California’s Silicon Valley...
USDC bounces back toward $1 peg after Fed announcement
13.3.2023
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
Citizens Trust Bank to Hold $65 Million in USDC Reserves as Circle Expands Bank Partnerships
25.2.2023
On Friday, the cryptocurrency firm and stablecoin issuer Circle announced that the financial institution Citizens Trust Bank will hold $65 million in usd coin cash reserves. Circle said the move is part of the company’s plan to allocate shares of the stablecoin’s denominated reserves...
Bank of New York Mellon: ‘Clients Are Absolutely Interested in Digital Assets’
11.2.2023
Bank of New York Mellon (BNY Mellon) has revealed that its clients “are absolutely interested in digital assets.” Emphasizing the need for clear crypto regulation, the bank’s head of digital assets noted: “We need responsible actors who can offer reliable services that live...
90% of BNY Mellon's Institutional Clients are Interested in Digital Assets: Report
9.2.2023
The bulk majority of Bank of New York Mellon's clients are interested in investing in digital assets despite the recent market meltdown.
Citing a 2022 study of the custodian bank's clients, BNY Mellon's head of advanced solutions Michael Demissie said clients are "absolutely interested"...
US banking giant BNY Mellon says digital assets are 'here to stay'
9.2.2023
Despite most of the cryptocurrency market being down 60% from all time highs, Demissie said the digital asset industry is “here to stay.”
Ebay Expands Into NFT and Web3 Space With New Job Openings
3.2.2023
The online marketplace giant, Ebay, is seeking to fill several positions in the area of Web3 and non-fungible token (NFT) technology, according to several Linkedin job postings. Ebay is looking for a “creative crypto attorney” for the marketplace, Knownorigin, which it acquired in June...
BNY Mellon Names Caroline Butler CEO of Digital Assets
2.2.2023
Custodial banking giant BNY Mellon (BK) has promoted Caroline Butler to CEO of Digital Assets, the lender announced Thursday
New York Fed and 9 Major Banks to Test ‘Interoperable Network of Central Bank Wholesale Digital Money’
19.11.2022
Nine major financial institutions and the Federal Reserve Bank of New York have started to experiment with a digital dollar proof of concept to see if distributed ledger technology can improve settlement between central banks, commercial banks, and regulated non-banks. The New York Fed details that...
Banks still show interest in digital assets and DeFi amid market chaos
18.11.2022
Traditional financial institutions continue to demonstrate use cases for digital asset support, along with DeFi capabilities, despite current market conditions
America’s Oldest Bank Says 70% of Institutional Clients Will Invest in Crypto If This One Thing Happens
31.10.2022
BNY Mellon, America’s oldest bank and one of the more crypto-friendly institutions, has said that 70% of institutional investors will increase their digital asset activity when more custody services are available. ...
Read More: America’s Oldest Bank Says 70% of Institutional Clients Will Invest...
Major client demand the ‘tipping point' for BNY Mellon's crypto services
19.10.2022
BNY Mellon CEO Robin Vince pointed to a survey earlier this year which found 91% of institutional asset managers were interested in investing in tokenized assets
BNY Mellon Says Client Demand for Crypto Led to Custody Offering
17.10.2022
Client demand for crypto was the key factor in launching a crypto custody offering, BNY Mellon’s CEO Robin Vince said on the company’s third quarter earnings conference call Monday
Google and Coinbase strike a deal, BNY Mellon begins crypto custody and WisdomTree’s Bitcoin ETF gets denied: Hodler’s Digest, Oct. 9-15
15.10.2022