Crypto Critic Bill Gross Invests in Bitcoin
Top financier Bill Gross has joined the growing ranks of former skeptics who now endorse bitcoin. In a recent interview with CNBC, he said: “I do think we need an alternative to the dollar as we’ve seen in the last week or two and that you know, there will be several survivors and I’m invested […]
$1.2 Billion Worth Of Bitcoin Leaves Coinbase In One Week
The massive Coinbase outflows totaling $1.2 billion last week demonstrate the active engagement of institutions. Large institutional investors are beginning to feel more at ease with Bitcoin, and they are pouring millions of dollars into the asset class. Over the course of the past couple of years, several of the world’s largest and most well-known […]
$46T Bank BNY Mellon Launching Bitcoin Custody
BNY Mellon has announced that its Bitcoin custody effort will first launch in the United States and will provide institutional customers with exposure to Bitcoin. According to reports, the Bank of New York Mellon Corporation (BNY Mellon) is intending to develop a Bitcoin custody platform. BNY Mellon is investigating the possibility of offering this service […]
