Week in review: July 30, 2021–6% of US investors own BTC
A poll conducted by Gallups Investor Optimism has noted that cryptos have been increasing in popularity since 2018, with most growth coming from young males. Are Saylor and Musk tweets influencing crypto prices? Read our July 30th round up here.
Gallup: July 22, 2021
In the past three years, bitcoin has gained traction with U.S. investors in awareness, interest and ownership. Although few investors overall own it, there is more momentum among investors younger than 50. ALT 5 Prime offers investors tools to enable their clients to trade crypto.
Cointelegraph: July 26, 2021
Elon Musk and Michael Saylor have emerged as two of the most influential names in crypto. A new sentiment-driven analysis from The TIE and eToro USA reveal the extent of their influence.
Bitcoin Magazine: July 22, 2021
JPMorgan financial advisors will have the green light to accept and execute only client-requested bitcoin trades, meaning advisors can’t recommend the investment themselves. But once a client solicits for bitcoin or cryptocurrency exposure, their advisor can purchase shares of Grayscale’s trusts, such as GBTC, as well as Osprey Fund’s Bitcoin Trust on their behalf.
BNN Bloomberg: July 27, 2021
The virtual coin rose as much as 7.5 per cent to top US$40,900 on Wednesday during New York trading hours. It’s advanced for eight straight days, its longest winning streak since December. Other coins including second-ranked Ether climbed, boosting the Bloomberg Galaxy Crypto Index.
Bitcom.com: July 29, 2021
U.S. Senator Cynthia Lummis is pushing for regulation that would ensure bitcoin remains a good store of value. If the cryptocurrency “is to become what El Salvador has done, legal tender, then we need to make sure that we are using it in ways that comply with the Bank Secrecy Act and anti-money laundering laws,” she said.
Decrypt: July 29, 2021
Is there a better way to distribute stimulus payments? The question has come up in light of governments’ efforts to hand out pandemic relief to their citizens — efforts that have often got bogged down as a result of paper checks and other outdated technology.
Bloomberg: July 29, 2021
State Street Corp. is set to offer cryptocurrency reporting, reconciliation and processing services to its private-fund clients in the latest sign that digital assets are gaining acceptance on Wall Street.
Coindesk: July 29, 2021
As part of a government-sponsored pilot to test banking services for crypto platforms, Banco de Bogotá will allow bank customers to send and withdraw money from Chilean crypto exchange Buda.com in August, said Alejandro Beltrán.