Bitcoin Sets New Record Above $49,000 After Tesla And Co Enter Market

Meanwhile, the Grayscale Ethereum Trust (ETHE) has also been buying up ETH, as institutional investors look for exposure to the second biggest cryptoasset. The trust is holding some 2.7% of the overall supply.

Oldest bank in US says it will finance bitcoin and other cryptoassets

Bank of New York Mellon (BK), the oldest bank in the US, has revealed that it will begin financing bitcoin and other digital currencies.

According to reports, BNY Mellon said that it would eventually allow digital currencies to pass through the same financial network that it currently uses for more traditional holdings, like US Treasuries and shares.

“BNY Mellon is proud to be the first global bank to announce plans to provide an integrated service for digital assets,” said Roman Regelman, head of digital at BNY Mellon.

BNY Mellon added that, pending product analysis and approvals, it should begin offering services for cryptoassets later this year.

Mastercard to allow merchants to accept cryptoasset payments

Major payments provider Mastercard is to allow its customers to accept payments in cryptoassets in yet another major milestone for the industry.

Mastercard (MC), the operator of the second-largest network of credit cards in the world, said in a blog post that it plans to support digital currency transactions across its network. However, exactly which cryptoassets it will support remains to be seen.

Nevertheless, this is another step forward in terms of adoption. The announcement  helps link traditional finance to the cryptoasset world, enabling the transition of wealth onto blockchain.

Binance platform overtakes ethereum for daily transactions

Binance Smart Chain, the DeFi network for Binance, has surpassed the ethereum network for daily transactions, surging through the 1.8m mark.

The popularity of the platform has soared following the launch of Binance Pay and lower fees.

The gas cost on BSC is just $0.04 according to Binance, versus fees of $5.50 or more on its rival, Ethereum.

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Disclaimer: This article should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been ...

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Narvaez 2 months ago Member's comment

Great post