State Street Corporation, an American financial services and bank holding company, headquartered in Boston with operations all over the globe to Offer Crypto Services to Private-Fund Clients. State Street Corporation is the 2nd oldest bank in America.

Read: 57,000 Bitcoin Left Crypto Exchanges In 24 Hours Showing Bullish Sentiments Along With 465,000 Bitcoins Transferred Between Coinbase And Unknown Wallets

Bloomberg reports that State Street Corporation is one of the most important banking holding companies in America and is now ready to offer crypto services for its private clients.

State Street Corp. plans to offer cryptocurrency reconciliation, reporting and processing services…

PayPal, World Top payment provider company, has stated that its users will not need to wait longer for great crypto functionalities app coming soon.

Read: Michael Saylor “Bitcoin Is Digital Real Estate And Is Now Held By More Than 114 Million People, Making It The Most Widely Held Financial Asset In The History Of The World”

In a PayPal’s Q2 2021 investor update call, CEO Dan Schulman said that the initial version of the company’s Super App was code complete. …

Kazakhstan will soon allow cryptocurrency-related bank accounts to customers. Astana Times, the national news agency of Kazakhstan, reports that citizens of Kazakhstan will soon be able to buy bitcoins, convert their income into cash and sell crypto on an exchange market.

Read: Whether They Like It Or Not, Banks Are Becoming Bitcoin Banks

According to the Kazakhstan Association of the Blockchain and Data Center Industry, crypto exchanges that are registered under the Astana International Financial Center (AIFC) will soon be able to work with local banks. This will allow their clients to legally and openly use cryptocurrency.

An investor must…

Amazon published a job listing on Friday for a cryptocurrency and blockchain expert. The job description states that the candidate must be able to create the company’s digital currency strategy as well as its product roadmap.

British business newspaper City A.M has been informed by an anonymous source that bitcoin payments will be accepted by the e-commerce giant. This development could help accelerate cryptocurrency adoption if true. The insider says the plan is to go deeper than simply getting someone to explore the crypto possibilities.

“This isn’t just a movement to create cryptocurrency payments solutions at some future point —…

The crypto market lost $100 Billion as Bitcoin falls below $30,000 for the first time since June 22, also bringing down other digital coins.

CoinMarketCap estimates that $100 billion was wiped from the cryptocurrency market within 24 hours.

According to CoinMarketCap data, Bitcoin dropped nearly 7% while ETH fell almost 11%.

Why Crypto Lost 90 Billion?

Bitcoin fell after a huge sell-off in global stock markets. On Monday, the Dow Jones Industrial Average recorded its worst day since Oct.

Annabel Huang, a partner at Amber Group, said:

“There’s been a broad sell-off in global markets, risk assets are down across the board. There are concerns…

Due to rising prices of used cars, the US saw inflation hit its highest level in 13 years in June.

Consumer prices increased 5.4% over the 12 months till June. This is an increase of 5% as compared to the previous month. It was the largest increase since August 2008.

Read: Bank of America Approves Bitcoin Futures Trading

Because of high inflation, Federal Reserve will be under pressure to tighten its monetary policy sooner than anticipated. This could slow down a consumer-driven recovery and increase demand for higher wages.

The US Labor Department has released its most recent report. It…

Microstrategy CEO Michael Saylor called Bitcoin big technology but without any company. Microstrategy currently holds 105,085 BTC. Michael Saylor is among the big names that are long-term and hardcore support of Bitcoin, just like Twitter CEO Jack Dorsey.

Read: Twitter And Square CEO Jack Dorsey Confirms Square Is Building a Bitcoin Hard Wallet

Michael Saylor shared his thoughts with Natalie Brunell, who hosts the Coin Stories podcast.

Michael Saylor said that Bitcoin is similar to big tech technology but without the involvement of any company. He compared Bitcoin with top companies like Google, Facebook, or Apple.

“You would like to…

The Brazilian Securities Commission (CVM) has approved the first-ever Ethereum (ETH) exchange-traded fund (ETF) just a few months after the approval of the Bitcoin ETF.

Ethereum (ETF) will track the performance of the second-largest cryptocurrency. QR Asset Management will manage the fund.

Read: Ethereum (ETH) Fees at Eight-Month Lows

QR Asset Management announced:

“Expanding the horizons for diversification, QETH11 has become an easy, secure, and regulated option for any investor to gain direct Ethereum access through their preferred brokerage firm.”

🔴 BREAKING: CVM aprova o 1º ETF de Ethereum da América Latina, o QETH11.

O ETF da QR Asset Management…

Troy Gayeski, a Co-Founder and Senior Portfolio Manager at SkyBridge, recently told Bloomberg that Bitcoin is preparing for “some supply shock,” similar to that which occurred in November.

Read: Apple Co-Founder, Steve Wozniak: “Bitcoin Is The Most Amazing Mathematical Miracle”

Gayeski claims that many strong holders are reasserting themselves based on BTC on-chain data. He adds that Bitcoin risk-reward is now more upwardly biased.

He said:

“The On-chain data is basically telling you that lot of strong holders are reasserting themselves and accumulating from those that got into the market last year, And BTC is setting itself up for some…

According to data analytical firm Santiment, The average transaction fee on Ethereum (ETH) has fallen to its lowest level since December 2020.

Read: Swiss Bank Sygnum Becomes First Regulated Bank To Offer ETH 2.0 Staking

Previously Ethereum (ETH) network was congested, transactions were slow and expensive, making them unaffordable for many small investors. Because of ETH’s high fees, many users and developers have moved to other blockchains, but now Ethereum fees have fallen to multi-month lows.

According to Santiment’s latest tweet, the average transaction fee for Ethereum (ETH) has dropped to levels that were not seen since December 2020.


The Crypto Basic

The Crypto Basic is focused on covering the most important topics of Cryptocurrency

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