Bitcoin sets another record above $113,000

Bitcoin climbed to new all-time high on Thursday, building on its previous record reached just a day earlier, as investors jumped into risk assets and liquidated short positions. The price of the flagship cryptocurrency was last higher by more than 2% at $113,670.79. Earlier, it rose as high as $113,863.18. Earlier, it rose as high…

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BNY Mellon will have custody of Ripple’s new stablecoin

Jakub Porzycki | Nurphoto | Getty Images Bank of New York Mellon will be the primary custodian for the Ripple’s U.S. dollar-pegged stablecoin reserves going forward, the two companies said Wednesday. The partnership should enhance regulatory compliance for Ripple, the issuer of ripple USD (RLUSD), and boost institutional credibility for the company as well as…

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