MassMutual

BNY Mellon, the oldest bank in America, has revealed that it would be moving into cryptocurrencies. This Move is a major one for the crypto industry as it continues the rapid adoption of crypto-assets by traditional financial institutions.  Crypto custodial services The custodial bank revealed on Thursday that it would be launching a crypto-based custodial service. This service will help hold, transfer, and issue crypto-assets, including bitcoins, on behalf of its institutional clients.  BNY Mellon will also enable the transfer…

Thailand's oldest bank Siam Commercial Bank (SCB), has launched a $50 million fund for blockchain, DeFi, and Digital Startups. This development is expected to contribute to the growth of startups in Thailand.  $50 Million Digital Fund Siam Commercial Bank revealed today that venture arm SCB 10X would execute the $50 million funds. SCB 10X will select startups in these sectors and participate in seed and incubate projects.  SCB 10X has experience investing in companies within the cryptocurrency niche. The venture-fund…

The world’s largest independent business intelligence firm, Microstrategy, has completed 314 bitcoins for approximately $10 million. This purchase continues the accumulation of crypto assets by the intelligence firm, which began in 2020. 70,714 BTC in Microstrategy Portfolio Microstrategy CEO Michael Saylor revealed the purchase by his firm on Twitter. According to the tweet, the bitcoins were bought using cash per its treasury reserve policy.  In total, this latest round of bitcoin purchases totaled $10 million, including fees and expenses. The…

The crypto market is bullish today as the leading currency Bitcoin has returned above $19k again after a slightly bearish period. As expected, the crypto market has followed suit gaining $20 billion in marketcap in the past 24 hours. Bitcoins Surges Above $19,000 Bitcoin has been volatile in the past week, experiencing different price swings as uncertainty plagued the market. Just 48 hours ago, the primary coin dipped from around $19k to as low as $17,500. The dip in price…

American insurance firm Massachusetts Mutual Life Insurance (MassMutual) has revealed the purchase of $100 million worth of Bitcoin (BTC). According to reports from local media, MassMutual made the Bitcoin purchase via the New York Digital Investment Group (NYDIG). Besides, NYDIG agreed to sell a minority stake to MassMutual in a deal worth around $5 million. NYDIG is a top Bitcoin financial services company and has over $2 billion digital assets in its custody. MassMutual is considered one of the US's…