NEW: π―π΅ Century-old Japanese textile firm Kitabo Co. to launch a Bitcoin treasury with a Β₯800M (~$5.4M) investment, using dollar-cost averaging and potentially lending its holdings to generate yield.
JUST IN: PNC Bank announces a strategic partnership with Coinbase to develop an initial offering that will enable clients to buy, hold, and sell cryptocurrencies.
FT: JPMorgan could start lending directly against cryptoassets such as bitcoin next year.
βAccording to one person familiar with the matter, Dimonβs early comments about bitcoin β in which he also said he would fire any trader who traded it β had alienated some prospective clients who either had made their money through crypto assets or were long-term believers in their potential.β