Bank of New York Mellon, the world’s largest custodian bank, said it would start storing clients’ crypto assets as of Tuesday, despite the price mayhem of digital assets. The service Read more
Tag: Money/Currency Markets
Sam Bankman-Fried says FTX could move headquarters to U.S. after SEC registration
Sam Bankman-Fried, chief executive at Bahamas-based cryptocurrency exchange FTX said its possible his company could move its corporate headquarters to the U.S. under the right regulatory circumstances, in an interview Read more
Why Bored Ape creators Yuga Labs is being investigated by the SEC
Yuga Labs, founder of the Bored Ape Yacht Club NFT collection, is being probed by the U.S. Securities and Exchange Commission as to whether the nonfungible tokens are considered unregistered Read more
Fed’s Mester says there’s been no progress on inflation, so interest rates need to move higher
With little or no progress made on bringing inflation down, the Federal Reserve needs to continue raising interest rates, Cleveland Fed President Loretta Mester said Tuesday. “At some point, you Read more
Top U.S. banking regulator warns of ‘cross-contagion’ between crypto, traditional financial system
The foremost U.S. federal banking regulator put the digital-asset industry on notice Tuesday, warning in a speech that he plans a skeptical stance toward attempts to integrate crypto and the Read more
America’s oldest bank, BNY Mellon, will hold crypto now
Bank of New York Mellon is now open for crypto business. The nation’s oldest bank said it would begin receiving clients’ cryptocurrencies on Tuesday, becoming the first large U.S. bank Read more
Rich millennials say this is the best long-term investment
Millionaire millennials haven’t been deterred by this year’s collapse in cryptocurrencies and “nonfungible tokens” and still see them as the No. 1 way to build long-term wealth, a new study finds. Those aged Read more
Treasury yields back to recent highs as 10-year briefly tops 4%
U.S. bond yields rose on Tuesday as the Federal Reserve’s determination to fight inflation with even higher borrowing costs continued to weigh on Treasury prices. What’s happening The yield on Read more
Opinion: Leading indicators show inflation is slowing, but Fed policy makers are too busy looking in rearview mirror to notice
The Federal Reserve is speeding down the road looking in the rearview mirror, chasing a demon it doesn’t understand and praying that inflation will recede before it drives the economy Read more
Tom Brady to Matt Damon: Here’s how losses for celebrity-endorsed digital assets stack up
Matt Damon made headlines and drew criticism when he starred in an ad for cryptocurrency exchange Crypto.com a year ago. Since then, the prices of many cryptocurrencies have dropped significantly. Read more