Tag: Bank

Bank of New York Mellon Holds $13,280,431 Worth of Bitcoin (BTC) Exchange-Traded Funds: SEC Filing

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The Bank of New York Mellon (BK) is holding more than $13 million worth of shares in Bitcoin (BTC) exchange-traded funds (ETFs). According to a new filing with the U.S. Securities and Exchange Commission (SEC), Bank of New York Mellon currently holds $13,280,431 worth of shares in Bitcoin ETFs. The bank’s holdings include 115,108 shares of WisdomTree Bitcoin Fund (BTCW) worth about $11.87 million and 25,309 shares of BlackRock’s iShares Bitcoin Trust (IBIT) worth about $1.4 million. Other US banks are also holding BTC ETF shares. Banking giant JPMorgan Chase…

Germany’s central bank chief pushes for sovereign digital euro, still sees Bitcoin as ‘digital tulip’

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Bundesbank president Joachim Nagel says the European Union needs state-controlled digital currency as a safeguard against private sector dominance in global finance. Joachim Nagel, head of Germany’s central bank, isn’t changing his mind on crypto, pushing for a digital euro to help Europe stay financially independent. Speaking at an OMFIF event at the London School of Economics, Nagel stressed that the European Central Bank should remain cautious about monetary policy, dismissing Bitcoin (BTC) as “more like an asset class” and describing it as “the opposite of transparent.” He also called…

Bitcoin ETFs Get $2 Million Boost From National Bank of Canada

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

Bank of Montreal Has Been Quietly Buying Bitcoin ETFs

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The Bank of Montreal (BMO), Canada’s third largest bank by asset size, quietly purchased approximately $150 million in spot bitcoin ETFs. The information came to light when the bank filed its Form 13F-HR with the U.S. Securities and Exchange Commission (SEC) on Thursday. The regulator requires institutional investment managers who manage more than $100 million […] Original

Bahrain’s Central Bank Set to Unveil Stablecoin Issuance Rules

Bahrain’s central bank is developing regulations for stablecoins to reduce transaction costs and increase financial access. Making the Digital Asset Space Safer Bahrain’s central bank is drafting regulations on stablecoin issuance, the Middle Eastern country’s Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa recently disclosed. Once enacted, the stablecoins are expected to […] Source CryptoX Portal

Poland’s Central Bank rules out Bitcoin for reserves

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The National Bank of Poland has firmly ruled out the possibility of incorporating Bitcoin into its currency reserves, citing significant security concerns. NBP President and Monetary Policy Council Chairman Adam Glapiński emphasized the necessity of absolute security in reserve assets during a recent press conference, according to the Warsaw Business Journal.  He stated, “We will not consider Bitcoin under any circumstances, as reserves must be absolutely secure.” JUST IN: The National Bank of Poland stated that it will not hold #Bitcoin in its reserves under any circumstances. The regulator’s chief…

Hottest ERC-20 Meme Coins to Buy after Top Swiss Bank Begins Blockchain Tests

Crypto adoption isn’t slowing down—it’s accelerating.  UBS, Switzerland’s largest bank, just started testing blockchain-based digital gold investments using ZKSync, an Ethereum Layer 2 solution.  That’s another major institution moving into crypto. And UBS isn’t alone. Tether is migrating to the Bitcoin blockchain. MicroStrategy keeps buying Bitcoin like it’s their full-time job. Musk’s X Payments might bring Dogecoin into the mix.  Every bull run has a theme, and this one is shaping up to be institutions going all-in on blockchain.  If that keeps happening, the next 100x meme coin might be…

Czech National Bank advances Bitcoin study for possible reserves

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The likelihood of a European central bank holding Bitcoin reserves has increased, despite European Central Bank President Christine Lagarde’s recent comments dismissing the asset as unsuitable. The Czech National Bank has approved a study to assess how Bitcoin (BTC) might serve as a reserve asset following a proposal from CNB Governor Aleš Michl.  Previously, Michl argued hat the bank should diversify its investment portfolio and consider allocating funds to alternative asset classes, including Bitcoin. His proposal suggested allocating of the CNB’s €140 billion ($145.6 billion) in reserves to BTC. “Based…