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Analyst Believes Bitcoin Could Reach $20,000 When U.S. Banks Invest 1% Of Assets

As institutional interest in Bitcoin increases, one analyst believes the leading cryptocurrency could surge to $20,000 when United States banks invest 1% of their assets.Capriole digital asset manager Charles Edwards noted that one NASDAQ stock (Grayscale) already owns 2% of circulating Bitcoin supply. He posted a chart of U.S. banks’ burgeoning asset balances as proof of the potential impact that a …
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OCC Announces National Banks Can Provide Cryptocurrency Custody Services

The Office of the Comptroller of the Currency announced that it has published a letter "clarifying national banks' and federal savings associations' authority to provide cryptocurrency custody services for customers.” The OCC is an independent bureau of the US Department of Treasury that charters, regulates and supervises all national banks and federal savings associations as well as federal branches and agencies …
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Welcome to Crypto News Blocks. We take full-length news articles and summarize them into a handful of easy to read bullet points. Make the most of your downtime and catch up on all the latest news.

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Will Ethereum Overtake Bitcoin as the World’s Leading Token?

Ever since it was first released to the public in January 2009, Bitcoin has been the leading player in the cryptocurrency market. It was the first decentralized cryptocurrency, meaning its advantage comes from it being the first product to make it to the market. Since then, it has remained the most popular, most talked about, highest valued, and most capitalized …
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Will Ethereum Overtake Bitcoin as the World’s Leading Token?

Bitcoin’s Latest Surge Higher Is Extremely Positive: Factors to Consider

Bitcoin’s Latest Surge Higher Is Extremely Positive: Factors to Consider
For the past month, Bitcoin has effectively flatlined in an extremely tight consolidation pattern. Prices have been locked in a ~7% range between $8,900 and $9,400. Earlier this week, the cryptocurrency began to resolve the consolidation by inching higher. This culminated in a strong surge higher that peaked on Thursday, when BTC hit $9,650 on leading exchanges. Analysts say Bitcoin …
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Technicals Point Towards Bitcoin Surge To $10K Despite Some Roadblocks

Bitcoin extended its rise above the $9,600 resistance level against the US Dollar. BTC is currently correcting gains, but it is likely to continue higher as long as it is above $9,500. Bitcoin traded further higher above $9,600 and formed a new weekly high at $9,676. The price is currently correcting lower below $9,600, but it is well above the …
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Technicals Point Towards Bitcoin Surge To $10K Despite Some Roadblocks

Why Regulators Allowing US Banks to Hold Bitcoin Is So Positive for Crypto

Why Regulators Allowing US Banks to Hold Bitcoin Is So Positive for Crypto
On Wednesday, the Bitcoin and crypto market was treated with positive news from U.S. regulators. The Office of the Comptroller of the Currency (OCC) wrote on July 22nd that American banks are allowed to hold cryptographic keys. That’s to say, U.S. financial institutions can be a custodian to one’s cryptocurrency. This letter from the regulator was immediately seen as one …
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What’s Behind Maker’s Showstopping 48-Hour, Almost 40% Rally?

Decentralized finance tokens all over the crypto market are soaring. First, it was Compound stealing the limelight with yield farming, then recently, it was Aave (LEND) with a shocking 300% surge. Now it appear’s to be Maker’s turn. Is this massive rally in Maker really due to DeFi continuing to defy all odds, or is something else at play? And …
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What’s Behind Maker’s Showstopping 48-Hour, Almost 40% Rally?

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