Jim Mellon: “The Euro Will Collapse Within Five Years”
All of this financial turmoil will eventually drive people to alternative financial solutions. Every since the Brexit voting took place, expert shave been wondering what will happen to the Euro. A separation between the UK and EU is good for neither national currency by any means. But whereas the Pound Sterling dropped in value, the Euro has been rather bullish. That is not enough to convince one expert, though, as he feels the Euro will disappear in five years. It is not the first time financial experts question the validity of the Euro. Ever since its creation, there has been a large....
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The Bank of New York Mellon, BNY Mellon, has set up a digital asset unit. The oldest bank in the U.S. plans to “hold, transfer, and issue” bitcoin and other cryptocurrencies on behalf of its clients. The bank aims to eventually treat cryptocurrencies like any other assets. BNY Mellon Gets Into Crypto The oldest bank in the U.S., BNY Mellon, announced Thursday “the formation of a new enterprise digital assets unit that will accelerate the development of solutions and capabilities to help clients address growing and evolving needs related to the growth of digital assets,....
America’s oldest bank, the Bank of New York Mellon Corporation, commonly known as BNY Mellon, has announced the financial institution can now custody cryptocurrencies. A report published by the Wall Street Journal on Tuesday, says BNY Mellon was approved by the New York State Department of Financial Services (DFS), and the bank said it was the first of eight financial heavyweights to start crypto asset custody services.
BNY Mellon to Start Custody Services for Bitcoin and Ethereum on Behalf of Its Customers
Last fall, New York’s financial regulator DFS gave BNY....
In February, one of the oldest financial institutions in the United States, Bank of New York Mellon, announced the launch of a custody service for Bitcoin and other cryptocurrencies. Claiming that BTC has become a widely accepted asset, the institution opted to get ahead in innovation. Now, BNY Mellon has published a valuation on Bitcoin […]
Bitcoin.com caught up with the founder of Veritaseum Reggie Middleton who shared his thoughts on the higher Bitcoin price, The DAO’s proposed fork “bailout,” and why the Euro is doomed following Brexit. Middleton is known for making predictions about the crash of markets and large financial institutions long before they occur. He has been called....
U.S. banking corporation BNY Mellon is gearing up to offer crypto custody services out of Dublin where it has just established a digital hub. The news coincided with a stark warning issued by a top central bank official in Ireland who said people should only buy bitcoin if they’re prepared to lose money. BNY Mellon to Provide Custody for Digital Assets Through Dublin-based Unit Following a decision to enter the cryptocurrency space announced in February, the Bank of New York Mellon has now created a “Digital Innovation Hub” in Dublin. The unit will act as a custodian for....