Bank of America is treating Bitcoin, Ether as “cash,” will let you purchase crypto with credit cardsBTC $9137 (-0.6%) • ETH $226 (-1%) • XRP $0.176 (-1.2%)
First, they ignore you, then, they fight you, then you win. The adage cannot hold truer when it comes to the cryptocurrency markets. This year alone, banks like JP Morgan, Goldman Sachs, and even the People’s Bank of China — all anti-crypto at some point — have expressed their interest in offering cryptocurrency services to clients. While their reasons may range from collecting high processing fees instead of embracing the decentralized ethos of Bitcoin, the developments mark a changing narrative in the digital assets space — as far as traditional markets are concerned. Now, another American banking giant seems ready to plunge head-first into the crypto-market. More news ⏬DeFi platform Balancer to reimburse $500k in hack losses; community threatens legal actionIt’s been a difficult 48 hours for DeFi project Balancer. Chainlink (LINK) oracles to power NFT-based blockchain games on PolyientChainlink’s technological capabilities are in-demand this year, with its blockchain seeing increased adoption this year courtesy its scalable smart contracts, oracles, and verifiable randomness function (VRF) features. Thanks to our premium sponsors⭐️ Phemex - Phemex is a Singapore-based and fastest cryptocurrency and derivatives exchange. It supports six trading pairs with up to x100 leverage. ⭐️ Bitamp - Bitamp is an open-source, client-side, free Bitcoin wallet that allows you to send and receive Bitcoin securely on the blockchain. ⭐️ Switchere- Switchere is a safe, licensed & non-custodial crypto exchange where you can sell & buy crypto with credit card instantly. ⭐️ Cred - Cred is a global financial services platform serving customers in 183 countries. ⭐️ OKCoin - OKCoin is one of the world’s first and largest regulated crypto exchanges, with millions of users in more than 100 countries around the world. ⭐️ Paradox Group - Paradox is the Official Advertising Partners of CryptoSlate and specialises in Marketing and Blockchain Advertising. These two altcoins have surged 400 and 500 percent in Q2 2020; here’s whyAccording to the latest report from IntoTheBlock, two of the best-performing assets this quarter are SwissBorg (CHSB) and Bancor (BNT). Crypto.com is celebrating its 4th anniversary and giving away Bitcoin at a 50% discountCrypto dot com is offering discounted Bitcoin for a limited number of users of June 30, as part of the firm’s fourth-anniversary celebrations. BTC at 50% off Called the “Syndicate Anniversary Special,” the Hong Kong-based crypto giant has a $2 million allocation for the first 25,000 users placing a “subscription” on the exchange. Why one top investor’s concerns with crypto could ultimately boost BitcoinThe crypto adoption curve has been rather steep, especially when it comes to traditional investors. Ethereum users continue to accumulate despite DeFi hack, ETH 2.0 uncertaintyIt’s been a boring past few weeks in the crypto markets. If any of these 3 crypto firms collapse, a “tsunami” will ensue: analystBitcoin and other cryptocurrencies may be predicated on decentralization, but the industry still has entities and assets that are of systemic importance. Cardano defies market-wide downtrend as correlation to Bitcoin plummetsAfter facing some overt weakness earlier this week, Cardano’s bulls have come back swinging, propelling ADA up by nearly four percent as the aggregated crypto market flashes some signs of weakness. Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article. If you liked this post from CryptoSlate, why not share it? |