Week in review: July 30, 2021–6% of US investors own BTC

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 Poll: 6% of American Investors Own Bitcoin

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.

Here’s How Much Musk and Saylor’s Tweets Influenced Crypto Prices in Q2

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.

JPMorgan Becomes The First Big Bank To Give Retaila Clients Access To Bitcoin

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.

Bitcoin In Longest Winning Streak In 2021 As Crypto Rebounds

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.

US Senator Lummis: Big Government Spenders Are Accelerating Adoption of Crypto Assets Like Bitcoin

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.

PayPal CEO Touts Promise of Digital Wallets for Stimulus Payments

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.

State Street to Offer Crypto Services to Private-Fund Clients

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.

Colombia’s First Commercial Bank Will Let Users Transfer Money to Crypto Exchange

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.



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ALT 5 Sigma

ALT 5 Sigma

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ALT 5 Sigma is a global fintech company providing next-generation blockchain powered financial platforms.