Tech

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…

Twitter CFO Ned Segal has hinted that the Social Media giant could add bitcoin to its balance sheets. This comes on the back of increasing demand for bitcoins from institutions in recent weeks.  Twitter could join Bitcoin Train Segal revealed this stance in an interview with CNBC on February 10, 2021, when quizzed about cryptocurrencies. The Twitter chief stated that the tech giant might consider bitcoin depending on a few factors.  Segal explained that if Twitter employees and clients request…

English football club Southampton has entered an agreement with cryptocurrency betting firm Sportsbet.io. The partnership will expose Southampton fans to cryptocurrency and create an engaging experience during matchdays.  Fans Based Partnership Sportsbet.io intends to take advantage of the partnership by leveraging the Premier League club's popularity. The betting firm wants to redefine fans' experience using virtual reality technology and blockchain technology.  The Covid-19 pandemic has affected Southampton fans since they cannot attend home games due to the fear of contracting…

Payment processing giant Visa has announced that it is working on a crypto API program that will enable banks to offer cryptocurrency services. This was revealed in a press release on Wednesday and could herald a new era for the payment company.  Major Step Towards Crypto Integration  Visa has partnered with First Boulevard, a Kansas-based digital bank, to pilot the crypto API program. Bitcoin and crypto custodian Anchorage will hold the bitcoin and cryptocurrencies on behalf of Visa clients. The…

Gemini, founded by Tyler and Cameron Winklevoss, announced its interest-earning program, Gemini Earn, which enables customers to earn up to 7.4 percent APY. The program will be available in all 50 US states and let users buy, spend, store and make interest on more than 26 cryptocurrencies under one platform. Customers can transfer their crypto holdings or easily purchase crypto to move into Gemini Earn and earn interest for any period. Additionally, they can also redeem their crypto at any…

Three years after establishing its cryptocurrency lending and savings platform, Nexo has launched an exchange to allow users to trade several crypto-to-crypto and fiat-to-crypto pairs.  The cryptocurrency lending provider stated in a press release today that its users can now trade up to 75 cryptocurrency and fiat pairs via its in-app exchange.  Unlike regular cryptocurrency exchanges that offer fluctuating prices for crypto assets, the Nexo exchange will leverage its newly-built “Smart Routing” feature that will automatically connect to popular trading…

The billionaire CEO of Tesla and SpaceX, Elon Musk, has recently reaffirmed his conviction that bitcoin is a good investment asset and is rapidly making its way to mainstream adoption.  In a special episode of Good Time on the audio-chat social networking app, Clubhouse held on Sunday night, Elon Musk said that bitcoin's mainstream adoption is set to occur sooner than later. He said, "I think bitcoin is really on the verge of getting broad acceptance by sort of the…

Renowned rapper Soulja Boy recently tweeted several of his public cryptocurrency addresses online. The artist shared his XRP, TRX, BTC, ETH, and LINK addresses upon some of his followers' requests. Soulja Boy has been very vibrant on the digital market, engaging in queries and discussions with his followers on how and when to buy different tokens. Tech entrepreneur and CEO of Rainberry.inc, Justin Sun, yesterday requested Soulja Boy to share his TRX address. Justin proceeded to send 100 million $WIN…

After a few days of bearish trend, the crypto market has rebounded in the past 24 hours of trading.  This upsurge in price movement sees most of the top coins trading in green with a few in double digits profits. Bitcoin recovers towards $32,000 Bitcoin has not enjoyed the best of weeks as the leading coin is on a bearish trend. The price of BTC has struggled to make significant gains since it surpassed the $40,000 mark two weeks ago.…