The Crypto Round-Up: July 7th, 2021

50 US Banks To Soon Offer Bitcoin Purchases to 24 Million Customers

Approximately 650 banks in the United States will be allowing Bitcoin purchases to their roughly 24 million clients. Thanks to the deal between payments giant NCR and NYDIG, it will be possible for the community banks and credit unions to offer clients crypto trading through apps developed by the payment provider. The NCR president, Douglas Brown, has said that they are firm believers in the benefit of crypto and the strategic application. Let’s see how this step brings us to greater adoption. Read more

Ripple Releases 1 Billion XRP Amidst SEC’s Lawsuit

Even on its current involvement in the lawsuit filed by SEC, Ripple continues to do business as usual and achieves its goals and obligations. On July 1, one billion XRP tokens have been withdrawn by Ripple from its escrow account. This massive release of XRP amounts has been programmed to occur on the first day of each month. Read more

JP Morgan: Ethereum Upgrade is the Beginning of the $40 billion staking industry by 2025

JP Morgan’s two senior analysts estimate that the Ethereum upgrades could jumpstart a $40 billion staking industry. They claimed that in the current zero-rate climate, staking returns are a good investment in which it refers to the low-interest rates that banks offer on their customer’s savings. Will the launch of ETH 2.0 lead to more ETH adoption? Read more

Cardano is Now the Third-largest in Grayscale Digital Large Cap Fund

Grayscale Investments has added Cardano (ADA) to the Grayscale Digital Large Cap Fund (GDLC). It has been reported that Grayscale liquidated proportional amounts of the fund’s existing components to raise money to buy ADA. It now has six coins: Bitcoin, Bitcoin Cash, Litecoin, Chainlink, Ethereum, and Cardano. With BTC being the dominant cryptocurrency, Cardano (ADA) is now the third-largest fund component, accounting for 4.26% of Grayscale’s portfolio. Read more

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