Gold, Stocks, and Bitcoin: Weekly Overview — July 22 – BeInCrypto

This week’s price movements for Bitcoin (BTC), gold, and our stock picks Mastercard and BNY Mellon.
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BTC
Bitcoin (BTC) has continued its tumultuous swing through the $30,000 range throughout the month of July. However, the trend has overall been a downward one.

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BNY Mellon Joins Banks Behind Pure Digital Crypto Exchange – BeInCrypto

Bank of New York Mellon joined the consortium of six banks behind cryptocurrency trading platform Pure Digital.
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This comes three months after State Street became the first to announce its support for the planned exchange.

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BNY Mellon Adds to Crypto Activity with Pure Digital Bet | Crypto Briefing

Key Takeaways

BNY Mellon is investing in crypto trading platform Pure Digital, along with five other banks.
Pure Digital is aiming to compete with Coinbase and FTX for institutional clients.
The move suggests BNY Mellon is seeing more institutional demand for cryptocurrencies.

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BNY Mellon to Assist Grayscale with Bitcoin ETF Plans | Crypto Briefing

Key Takeaways

Grayscale Investments has selected BNY Mellon as an asset servicing provider.
The move helps prepare Grayscale for converting its Bitcoin trust into an ETF.
Grayscale is one of at least nine companies competing to offer the first Bitcoin ETF in the U.S.

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BNY Mellon Investing Unit Remains Skeptical of Accepting Crypto – BeInCrypto

Insight Investment, the asset management unit of BNY Mellon, remains skeptical of bitcoin, even as the investment bank now provides crypto services.
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Since February, New York-based investment bank BNY Mellon has allowed clients to hold, transfer and issue digital currencies.

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