Daily News Headlines | Latest Crypto News (14th July) | Cryptoknowmics
Here are the top 5 crypto news for the day!
Let’s dive into the news headlines one by one and see how they’ll be affecting the crypto space as we know it, in the coming days.
Grayscale Investments, the world’s biggest digital asset management, has partnered with BNY Mellon, America’s oldest bank. As a result, beginning later this year, the banking behemoth will offer fund accounting and administration to the Grayscale Bitcoin Trust.
Cardano Foundation has announced the launch of its Developer Portal, which will make it easier than ever to build on its blockchain. The organization published a series of tweets on July 12 that described the portal’s purpose and the “brand new content and resources.”
S&P Dow Jones has introduced five new crypto indexes in the first significant expansion of its recently launched series of digital asset benchmarks. The new launch is headlined by the Broad Digital Market (BDM) Index, which is designed to provide a wide snapshot of the digital assets market and covers more than 240 different tokens.
China-based crypto mining firm BIT Mining has raised $50 million in a private placement to build new data centers, buy additional equipment and expand its operations overseas. The publicly-traded company was severely impacted by China’s crypto mining ban, which hit its facilities in Sichuan last month.
UK-based Ruffer Investment Management made huge profits while investing in Bitcoin, marking $1.1 billion profit in just five months of investment in BTC. After making some profits in the month of December, Ruffer sold all of its holdings by the end of April when Bitcoin looked like a risky asset.