Over the weekend, the price of Bitcoin crossed the $40,000 mark for the first time since May 2022, an increase attributed to expectations of lowered interest rates and growing demand ahead of an expected spot Bitcoin exchange-traded fund (ETF) launch.
Cryptocurrency storage provider Zodia Custody, backed by Standard Chartered, is collaborating with Ripple's Metaco to join their network, aimed at secure storage and settlement of digital assets for global institutions.
Financial services platform SoFi is shutting down its cryptocurrency operations after introducing crypto trading for its users in 2019, with new account creations having already been disabled and users having to migrate their accounts to Blockchain.com.
Top stories in the Crypto Roundup today:
- Bitcoin Price Breaks $40,000 Barrier for First Time Since May 2022
- Standard Chartered-Backed Zodia Custody Joins Ripple’s Metaco Network
- Financial Services Platform SoFi to Close Its Crypto Business
- Solana Investment Products’ AUM Rose Nearly 100% in November