$87,088.00
2.17%$1,907.29
-0.67%$2.18
0.30%$609.20
-1.45%$129.89
0.50%$0.999991
0.01%$0.176075
1.02%$0.6959
0.80%$0.238807
1.13%$1,906.85
-0.47%$86,698.00
2.03%$4.07
0.01%$14.10
-1.65%$9.38
0.23%$0.27377
-1.00%$19.73
-0.57%$2,263.93
-1.29%$2.50
0.08%$1.00
0.03%$0.00001273
-2.82%$0.172327
-1.38%$4.20
-1.49%$85.18
-0.58%$312.36
-1.28%$6.34
-0.38%$4.64
-0.28%$1,904.15
-0.77%$0.999379
-0.03%$0.999735
-0.28%$14.10
2.41%$0.683108
-4.24%$2,017.97
-0.91%$220.30
0.73%$28.12
-0.44%$6.25
-0.73%$5.42
-0.27%$0.00000774
-0.68%$2.71
0.67%$1.046
0.01%$0.106097
3.39%$48.14
-0.72%$86,856.00
2.10%$22.81
0.06%$34.40
2.20%$0.866517
4.88%$0.805401
0.47%$1.00
0.16%$5.40
-2.98%$16.79
-2.58%$162.78
-4.48%$1.17
0.46%$10.63
2.19%$0.02330056
-1.58%$4.51
0.13%$230.68
-1.59%$0.370785
-0.17%$1.00
0.00%$3.68
-1.76%$2.86
-1.74%$86,987.00
2.01%$3.16
-1.01%$0.068187
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0.59%$0.199262
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0.60%$0.512459
-1.55%$0.335358
-1.59%$10.83
-1.18%$86,722.00
2.35%$0.814516
16.47%$0.467017
-3.58%$0.74952
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1.14%$0.418688
-2.78%$4.59
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-0.70%$1,985.94
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-2.29%$135.18
0.47%$70.72
-1.77%$0.409379
-1.56%$0.797598
-4.60%$1.001
0.04%$0.00001251
3.45%$0.528261
-2.46%$0.623493
-1.41%$2,150.59
-0.78%$8.98
-1.64%$15.24
4.75%$0.997795
0.01%$0.176388
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-3.77%$0.999765
-0.26%$0.841931
-2.47%$0.01364414
-2.70%$0.999612
-0.19%$0.889945
-2.59%$7.35
-2.37%$3,149.90
-0.22%$85,073.00
1.20%$607.60
-1.66%$2,022.10
-0.52%$0.594026
3.14%$0.999727
0.02%$2.28
-1.22%$0.537177
-0.97%$86,601.00
2.00%$0.0158783
-1.90%$3,137.97
-0.36%$0.665905
-1.70%$0.276402
-2.27%$0.00000067
0.05%$0.17666
-1.67%$32.42
-1.55%$1.002
-0.25%$40.19
-3.18%$0.108525
2.88%$165.75
0.54%$1.001
0.08%$0.388766
-2.46%$1,987.10
-0.52%$0.00005946
-2.38%$1.98
7.32%$1.91
-3.98%$7.35
-3.21%$3.09
-1.52%$0.552054
3.56%$141.99
0.43%$16.37
-1.19%$0.146015
-1.58%$0.999933
0.09%$3.27
10.21%$1.91
9.54%$0.01094677
-4.26%$0.073519
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-0.63%$0.498729
1.42%$0.642216
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0.09%$85,572.00
1.37%$0.00516521
4.27%$2.93
-3.53%$1.00
0.08%$0.999822
-0.16%$16.62
-0.41%$0.251741
-2.43%$2,026.29
-0.56%$0.176413
1.28%$27.28
-2.55%$0.722167
0.22%$86,830.00
2.16%$0.00000044
0.21%$86,462.00
1.02%$0.998193
-0.19%$0.396833
-0.12%$0.085045
2.90%$1,903.75
-0.93%$0.146308
-5.84%$1.20
-1.54%$0.419521
-3.67%$1,904.17
-0.76%$1.094
0.89%$1,908.86
-0.47%$1.007
-0.19%$0.04330762
-2.80%$110.53
0.01%$0.00002025
0.01%$0.615125
0.72%$5.98
-9.21%$43.91
-7.94%$1,993.67
-0.38%$86,401.00
1.95%$1.10
0.41%$0.468909
-4.83%$0.181871
-1.67%$0.00690291
-6.71%$0.00642001
-4.34%$0.841642
-3.69%$0.370289
-2.89%$0.999305
-0.00%$0.19962
-3.22%$1,897.13
-1.06%$0.598831
-1.33%$0.995955
-0.78%$0.426843
-7.61%$4.83
-14.44%$1,882.69
-2.09%$0.00006041
-2.08%$0.0052066
-4.57%$1.001
-0.28%$0.03264618
-3.52%$0.00000158
-3.31%$1.28
5.43%$0.03196734
2.86%$0.00374937
-4.17%$121.49
-1.18%$2.81
-0.95%$1,887.63
-0.65%$0.00915093
-1.54%$1.43
-7.72%$0.242493
-2.54%$1,904.71
-0.73%$1.22
-6.75%$0.00330623
14.91%$3.61
-2.38%$0.64415
-0.94%$2.95
1.94%$86,651.00
2.12%$86,653.00
1.50%$0.99964
0.04%$0.104844
24.48%$0.235704
-6.97%$22.39
-2.67%$0.196718
-0.41%$2,001.35
-1.07%$2,084.22
-0.70%$3,126.35
-0.08%$0.525426
0.43%$0.258544
-2.32%$15.81
-3.82%$0.0004238
-5.57%$2,066.96
-0.75%$0.00334522
-0.75%$0.03170212
3.58%$1.004
0.42%$0.117773
-0.03%$0.106895
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2.36%$0.537938
-2.17%$0.03479898
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3.24%$0.00226268
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-12.24%$0.0115925
-1.31%$0.22854
7.13%$0.909294
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-4.50%$86,663.00
1.73%$0.521144
-0.84%$0.00242575
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-4.31%$2.16
2.81%$0.00467655
-3.17%Reading
New York Digital Investment Group (NYDIG) has partnered with fintech giant Fidelity National Information Services (FIS) to enable U.S. banks to offer their clients the ability to buy, sell and hold Bitcoin through their existing accounts. The two firms expect that this "industry-first" solution will be available in the coming months.
"What we're doing is making it simple for everyday Americans and corporations to be able to buy Bitcoin through their existing bank relationships," Patrick Sells, head of bank solutions at NYDIG, told CNBC.
The partnership will see FIS provide a user-friendly interface for Bitcoin trading services through its Digital One mobile app, while NYDIG, a subsidiary of New York-based asset manager Stone Ridge, will take care of custody and trade execution. Additionally, FIS Ventures, the venture arm of FIS, has invested an undisclosed amount into NYDIG.
Currently, those Americans who want to purchase Bitcoin can do so via cryptocurrency exchanges like Coinbase or Kraken, crypto apps such as Robinhood and Square, and—most recently—through PayPal.
While traditional banks have yet to offer Bitcoin-enabled services to their customers, the situation is changing, with financial institutions beginning to explore the possibility of adding cryptocurrency services for their clients.
Very excited to announce our partnership with @FISGlobal as #Bitcoin becomes more integrated with banking services. Our collective solution will help bridge the gap in accessibility to Bitcoin. https://t.co/uLikvkbRvL pic.twitter.com/g0sciBLC68
— NYDIG (@NYDIG_BTC) May 5, 2021
According to Yan Zhao, president of NYDIG, banks are seeing their customers sending large amounts to cryptocurrency exchanges and want a share of the pie.
"This is not just the banks thinking that their clients want Bitcoin, they're saying 'We need to do this, because we see the data'," said Zhao.
Another problem, says Zhao, is that big banks are mainly focused on institutional investors, limiting access to crypto for retail customers. Last month, Morgan Stanley said it would allow certain mutual funds to invest "indirectly" in Bitcoin through cash-settled Bitcoin futures and the Grayscale Bitcoin Trust, while multinational investment bank Goldman Sachs is reportedly looking to offer Bitcoin and other digital assets to its clients in the coming months.
"Most people can't invest in things that institutional investors get to invest in," Zhao said. "With Bitcoin available through your bank to be purchased with as little as $1, now you have an attractive asset that's available to be owned by anyone in any amount."
Morgan Stanley will allow certain mutual funds to invest “indirectly” in Bitcoin through cash settled Bitcoin futures and the Grayscale Bitcoin Trust, according to documents filed with the SEC Thursday morning. Twelve funds under the heading of the bank’s Institutional Fund will be allowed to access these Bitcoin-related products, as will the Institutional Fund Trust, Insight Fund, Variable Insurance Fund, and Europe Opportunity Fund. The value of cash settled Bitcoin futures has to do with the...
Currently, NYDIG is in discussions with several major U.S. banks. However, as detailed by Sells, hundreds of smaller banks across the country are already enrolled in the program. One of them is Suncrest, a California-based community bank with just seven branches.
NYDIG's other plans include the launch of debit card rewards paid in Bitcoin, as well as a new type of FDIC insured bank account that would pay interest in cryptocurrency.
U.S. Senator Ted Cruz (R-TX) has introduced a new bill aiming to turn waste energy into electricity for Bitcoin mining. The Facilitate Lower Atmospheric Released Emissions (FLARE) Act, introduced on March 31, is geared towards making waste energy productive by capturing gas that would otherwise be flared or vented. The plan is to incentivise this capture by offering full expensing for property used to capture that gas. My legislation, the FLARE Act, incentivizes entrepreneurs and crypto miners...
Shoppers in Singapore can now use crypto to pay for gadgets on the Sony Store Online. In a statement on Tuesday, Sony Electronics Singapore said it has enabled USDC payments through crypto exchange Crypto.com’s payment service, marking the company’s first local move into direct crypto transactions. The feature allows customers to check out using USDC, a stablecoin pegged to the U.S. dollar. It’s currently exclusive to the Sony Store Online and available only via Crypto.com’s payment system. Wi...
The Trump family is digging deeper into Bitcoin—this time, with a mining venture backed by Eric Trump. The President’s son is teaming up with Miami-based Hut 8 to launch American Bitcoin Corp. The mining operation aims to go public and become one of the largest in the country, according to a Bloomberg report on Tuesday. The announcement marks another step in the family’s broader crypto strategy after the launch of World Liberty Financial in October and the USD1 stablecoin in March. “It’s excitin...
