Dhara Chavda

1 week ago | cryptotimes.io | Ronak Kumar |Dhara Chavda

The Office of the Comptroller of the Currency (OCC) confirmed on May 7 that federally chartered banks and savings associations are now allowed to offer crypto services, such as custody and execution, including through third-party providers. This is elaborated in the Interpretive Letter 1184 and extends prior guidance to make it clear that banks can engage in the business of digital assets as long as they meet certain risk management and legal requirements.

1 week ago | cryptotimes.io | Ronak Kumar |Dhara Chavda

MetaPlanet Inc., a Japanese investment firm, saw its stock rise by 13% after purchasing an additional 555 bitcoins at an average price of $96,134 per bitcoin. This brings the total number of bitcoins it holds to 5,555, with a total investment of $481.5 million, having bought the assets at an average price of $86,672 per bitcoinThe news was announced by the company’s CEO, Simon Gerovich, who decided to mark this achievement with some humor.