The Bank of America and Wells Fargo are reportedly working on adding Apple Pay support to their cash machines this year.
At the current percentage, institutional investors own up to 21.15% share of the total Assets Under Management (AUM) in Bitcoin ETFs.
Cohen explained that Bitcoin and Ethereum have met the financial giant’s expectations, and no other crypto has attained the same level of investor interest and demand.
The launch of the spot Bitcoin ETFs in the United States has been a highly successful event with assets under management close to $55 billion within six months of launch.
“A September rate cut driven purely by inflation concerns could offer a short-term bullish spark for Bitcoin,” says Markus Thielen, founder of 10x Research.
The increased volatility of Bitcoin has not discouraged institutional investors from expressing a strong interest in the cryptocurrency.
The recent surge in Bitcoin price, which saw a 2.6% increase in the past 24 hours, can be attributed to the success of spot Bitcoin ETFs.
Hougan noted that major wirehouses will soon drive the Bitcoin demand to the roof as the supply gets reduced during the halving event.
A representative from Wells Fargo has verified that spot Bitcoin ETFs have been accessible for unsolicited purchases post-SEC approval.
Dimon, who agreed that crypto firms should face the same AML scrutiny as traditional firms, said he would shut down crypto if he could.
Following the release of the CPI report, Fed-funds futures pricing data indicated that rates are likely to remain steady at the next Federal Reserve policy meeting.
Moody’s is watching the banking sector and has already cut its ratings on several institutions because of ongoing economic headwinds.
Using Liquidity Strength as a key metric, the expert provided a detailed breakdown of her calculations before coming to her prediction.
Unity plans to integrate AI tools for generating game dialogues, graphics, and textures in its gaming software.
Mizuho Bank said that it will use the AI tool in the bank’s brokerage unit. The Japanese banking giant will conduct an “ideathon” next month and brainstorm various ways to experiment with the technology.
Burry increased his stakes in several regional banks in Q1, including NYCB, PacWest, Western Alliance, and First Republic.