In a filing with the Securities and Exchange Commission, Tesla announced Monday that it bought $1.5 billion worth of bitcoin for “more flexibility to further diversify and maximize returns on our cash.”
Crypto exchange Coinbase has announced that it is now offering “instant withdrawals” to Debit cards, enabling cryptocurrency users to easily covert their crypto balances into fiat and spend their funds using their respective VISA cards.
The Federal Reserve Board on Thursday announced details of the FedNow℠ Service, a new 24x7x365 interbank settlement service with clearing functionality to support instant/real-time payments in the United States.
The crypto space is seeing huge moves upwards and many are calling that the bull market has begun. As Bitcoin, Ethereum, Cardano, Elrond, XRP, and other cryptocurrencies are on the rise, many people are flocking to the crypto space.
The OCC serves to charter, regulate and supervise national banks. Today’s OCC letter clarifies that national banks have the authority to provide fiat bank accounts and cryptocurrency custodial services to cryptocurrency businesses. This clarification from the OCC may open the doors for larger financial institutions to be more comfortable providing traditional bank accounts to cryptocurrency […]