The Bank of New York Mellon Corporation, better known as BNY Mellon, is reportedly gearing up to become “the first [bank] to enter the global digital custody space” later this year. According to a report published by City A.M. on February 24, BNY Mellon’s upcoming custody platform will be aimed at institutional clients, enabling big…
BNY Mellon, America’s oldest bank, announced that it has partnered with Chainalysis to integrate the latter’s compliance software suite with its multi-asset digital custody and administration platform. “BNY Mellon plans to integrate the full Chainalysis compliance software suite to assess broader cryptocurrency trends and granular activity in support of its compliance and due diligence practices.”…
In an effort to “enhance investor protection and disclosure” the U.S. Securities and Exchange Commission, SEC, is planning to raise the limit for who is eligible to become a so-called “accredited investor”, or who is allowed to invest in “unregistered” share offerings, startups in the common tung. According to Bloomberg Law, This is not the…
It looks like no matter how hard they try, Russian legislators are unable to tackle the topic of cryptocurrency regulation without near-banning digital assets. Further, some recent developments have shown that regulators’ right hand apparently doesn’t always know what the left is doing at best—or tries to undermine it at worst. Case in point, both…
The Freedom Convoy, Canadian truckers protesting against vaccine mandates and passports by occupying the nation’s capital Ottawa and other important infrastructure, is continuing to constitute a threat to the Canadian government and its mandate policies. Some organizations and individuals in support of the truckers have organized and collected donations to bring financial help to the…
Ever since Facebook, now Meta, launched the Libra (Diem) project in 2019, in partnership with twenty or so other companies, including MasterCard and Visa, nation-states worldwide have been in a hurry to develop digital versions of their sovereign currencies, also known as Central Bank Digital Currencies, or CBDCs for short. In China, which has, by…
Driven in most parts by a response to the coronavirus pandemic, U.S. national debt has surged more rapidly than projected in recent years. As of Monday, the total public debt outstanding reached $30,012,386,059,238.29, an increase of nearly $7 trillion since January 2020, an amount equivalent to 13.3% of the total global debt. Since January 2020…
If all your information about Bitcoin came only from the mainstream media, you’d be forgiven for thinking that it (along with everything crypto) was spawned directly from the pits of hell. According to the media, Bitcoin is a Ponzi scheme, that fuels the criminal underworld, creates monetary instability – while all at the same time…
BXM Operations AG, a company founded by BitMEX CEO Alexander Höptner and CFO Stephan Lutz, has announced plans to purchase Bankhaus von der Heydt, a bank located in Munich, Germany, and also one of Germany’s oldest banks. Bankhaus von der Heydt has been in operation since 1754, indeed the company website is at 1754.eu. The…
A consortium of U.S. banks or “an association of FDIC-insured financial institutions” including New York Community Bank (NYCB), NBH Bank, FirstBank, Sterling National Bank, and Synovus Bank is set to launch a “bank-minted” stablecoin with the ticker USDF. According to a press release published on Wednesday 12th of January, the coalition of banks is aiming…