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Bitcoin surges 8% to all-time high after BNY Mellon embraces cryptocurrencies

Bitcoin surges 8% to all-time high after BNY Mellon embraces cryptocurrencies

Bitcoin on Thursday jumped over 8 per cent to an all-time high of $48,481 after Bank of NY Mellon said it had formed a new unit to help clients hold, transfer and issue digital assets.

The new unit at BNY Mellon, called the Digital Assets unit, is expected to roll out the offerings later this year, the bank said.

Bitcoin was last up 5.7 per cent at $47,387.

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Published at Thu, 11 Feb 2021 14:32:19 +0000

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Written by Riel Roussopoulos

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