Here is what happened yesterday in the crypto market:
Banks Can Now Handle Customer Crypto
The U.S. Office of the Comptroller of the Currency (OCC) has reversed its stance and now allows national banks to buy and sell crypto assets for their customers if they are held in custody. This marks a significant step in the integration of crypto into traditional banking.
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Visa Expands into Stablecoins
Visa’s venture capital arm has made a strategic investment in BVNK, a startup focused on building stablecoin-based payment infrastructure. This investment signals Visa’s growing interest in leveraging stablecoins for payment solutions.
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Robinhood to Launch Blockchain Trading in Europe
Robinhood is reportedly developing a blockchain-based platform that will enable European traders to access and trade U.S. securities. This initiative aims to expand access to U.S. financial assets using blockchain technology.
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Bitcoin Payments App Strike to Offer BTC Lending
Strike, a bitcoin payments application led by Jack Mallers, is set to move into BTC lending business. Strike plans to offer users a means of borrowing fiat while continuing to HODL bitcoin.
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Bitcoin must hold above $95K
Bitcoin must maintain above $95,000 to have a chance at retesting its $109,000 all-time high; failure to hold could lead to a deeper correction, crypto analysts warn.
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