Crypto Biz: $43T bank enters crypto — Probably nothing, right?
As crypto traders debate whether Bitcoin (BTC) is going to $25,000 or $15,000 first, the world’s largest financial institutions are laying the groundwork for mass adoption. BNY Mellon, whose predecessor was founded 238 years ago, announced the launch of a digital custody platform to safeguard clients’ Bitcoin and Ether (ETH) holdings. Now, 2022 is shaping up to be the year of regulatory approvals. The company plans to spend roughly $145.7 million to establish its presence in France. Most of its casual retail users probably won’t open the app until then. In this week’s Market Report, I sat down with Benton Yaun to discuss BTC’s price trajectory and how the latest CPI inflation data could impact the market. Source: Cointelegraph #Crypto