When writing, the most popular Bitcoin is trading with 8% gains to an all-time high of $48667. Behind the curtains, The Bank of New York Mellon Corporation, widely know as BNY Mellon-the American investment bank said, it is exploring ways to allow Cryptocurrency assets to pass through the same financial network is used for more traditional holdings such as stocks and bonds, as per Business Insider.
Initially, WSJ reported that “The custody bank said Thursday it would hold, transfer and issue bitcoin and other cryptocurrencies on behalf of its asset-management clients.”. Justin Baer at WSJ reported that “Digital assets are becoming part of the mainstream,” said Roman Regelman, chief executive of BNY Mellon’s asset-servicing and digital businesses.”
Besides, Mastercard announced it is preparing for a future of crypto. Mastercard’s digital asset and blockchain VP Raj Dhamodharan says, “We are preparing right now for the future of crypto and payments, announcing that this year Mastercard will start supporting select cryptocurrencies directly on our network. This is a big change that will require a lot of work.”
He also penned in the Mastercard blog that “Mastercard isn’t here to recommend you start using cryptocurrencies. But we are here to enable customers, merchants, and businesses to move digital value – traditional or crypto – however, they want. It should be your choice; it’s your money.”
“We are here to enable customers, merchants and businesses to move digital value — traditional or crypto — however, they want. It should be your choice; it’s your money.”
Bitcoin has risen nearly 70% since the start of this year. Twice this week, the price past the $48,000 mark but failed on both occasions. The past three sessions’ trading pattern resembles a triple top pattern. But only a daily close below $43,000 is the beginning of a near-term trend change. Until enjoy the North journey.
It is important to always keep in mind the risks involved in trading with leveraged instruments.
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