Bank of America Starts Crypto Research Team - Hydroelectric Plant Mines Bitcoin & Circle USDC Going Public

Published: July 9, 2021, 12:43 a.m.

Bank of America has launched a new markets research team dedicated to cryptocurrencies according to a Bloomberg report. Neobank Monese is the latest fintech firm to explore crypto products.
Mechanicville Hydroelectric is the oldest renewable energy facility in the world that\u2019s still running, but it was nearly dismantled as it\u2019s difficult to maintain profitability. That recently changed, and it\u2019s now profitable, thanks to bitcoin mining. Welsh crypto insurer Coincover lands $9.2 million Series A fundraise.
Stablecoin firm Circle to go public via SPAC merger. Senator Pat Toomey buys into Grayscale's Bitcoin and Ether trusts.
In an SEC filing today, First Midwest Bank Trust Division, based in Joliet, Illinois, reported holding 29,498 shares of Grayscale Bitcoin Trust as of June 30. Previously, it reported 7,693 shares at the end of March.
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