Payment giant Visa announced it was offering USDC settlement capabilities for customers and revealed plans to support a central bank digital currency (CBDC) if one emerges in the next few years.
CEO of the Swiss consulting company TRES, Anton Katin highlighted the great prospects for the development of the cryptocurrency industry in Saudi Arabia, claiming Saudi Arabia will become a leader in the crypto industry in the next 10 years.
Payments giant Paypal launched the “Checkout with Crypto” service to allow consumers to make payments at millions of merchants using Bitcoin, Bitcoin Cash, Litecoin, and Ether in their Paypal wallets.
Tether Holdings Limited released an assurance opinion to confirm that Tether tokens (USDT) are fully backed by its reserves, claiming “Tether has always been fully backed, and the assurance opinion we made available today confirms it once again.”
In an interview with CNBC, Goldman Sachs newly appointed Global Head of Digital Assets announced that Goldman Sachs will be offering Bitcoin to Wealth Management Clients.
EQUOS announced that it will be expanding its stablecoin offering and listing Tether. Despite the controversy Tether has been faced with over the last year, the popularity of USDT continues to grow.
Britain’s Economic Secretary to the Treasury, John Glen claimed that Britain’s primary focus would be to regulate stablecoins as he noted that stablecoins have grown to become the “largest component of cryptocurrencies by trading volume.”
In an interview with Fortune magazine, Square Inc’s Chief Financial Officer Amrita Ahuja explained why there’s “absolutely a case” for all balance sheets to have Bitcoin as the company bought 8,027 Bitcoin.
For more information on these stories, visit:
Saudi Arabia: https://www.coinspeaker.com/saudi-arabia-crypto-bitcoin/
Yesterday's trading was mixed. Early in the session, even with reports of economic slowdown in the US, traders were still buying, maybe thinking it solidified the accommodative Fed policies.
Yesterday’s narrative was somewhat bittersweet. On the one hand, Fed policies remain hyper accommodating, which is positive. On the other hand, the accommodating stance is based on lingering concerns about the economic recovery in the US (and also globally).
Bitcoin has fallen back below $40,000 today, as the denial from Amazon of the impending acceptance of Bitcoin as a payment method came through. Prices returned to our support level of $36,500 before rallying once more, a sign that this move may be supported by more than just click-bait headlines.