Reddit Posts
Mentions
\[Coindesk\] >Cryptocurrency storage provider Zodia Custody, a subsidiary of Standard Chartered (STAN), is to provide institutional support for the Polkadot blockchain through a new partnership with one of the network's leading developers. > >**Together with Parity Technologies, the firm plans to provide custody for the Polkadot ecosystem, offering digital asset storage services for financial institutions.** The two plan to offer staking of DOT, Polkadot's native token in order to further expand the network's reach among institutions. > >Zodia Custody is majority owned by multinational bank Standard Chartered and also counts SBI Holdings and Northern Trust among its shareholders, giving it considerable significance in the context of institutional adoption of digital assets. It expanded to Singapore earlier this week. > >Polkadot's DOT token is the 13th biggest cryptocurrency, with a market cap of around $5 billion, according to CoinMarketCap data. DOT is trading just above $4 at the time of writing, having fallen below the $4 mark for the first time in three years this week as part of a broad sell-off across the altcoin market.
This. [https://www.reuters.com/technology/standard-chartered-bumps-up-bitcoin-forecast-120000-2023-07-10/](https://www.reuters.com/technology/standard-chartered-bumps-up-bitcoin-forecast-120000-2023-07-10/) >LONDON, July 10 (Reuters) - The value of top cryptocurrency bitcoin could reach $50,000 this year and $120,000 by the end of 2024 Standard Chartered (STAN.L) said on Monday, predicting the recent jump in its price could encourage bitcoin "miners" to hoard more of the supply. Standard Chartered published a $100,000 end-2024 forecast for bitcoin back in April on the view the so-called "crypto winter" was over, but one of the bank's top FX analysts, Geoff Kendrick, said there was now 20% "upside" to that call.
The only reason they were sold immediately was because it was related to STAN LEE. Otherwise, this would go with the 99.99% of wasted NFTs out there.
"Top cryptocurrency bitcoin could reach $50,000 this year and $120,000 by the end of 2024 Standard Chartered (STAN.L) said on Monday, predicting the jump in its price could encourage bitcoin 'miners' to hoard more of the supply."