While China's crackdown on Bitcoin mining affected its price heavily, there are news, less heard, but tells a 'green' and 'promising' future for the crypto Hodlers: Banks in the western hemisphere are increasingly getting engaged in cryptocurrencies and services. Just two examples here from recent mainstream news:
As CNBC reports, multinational investment bank Goldman Sachs has already begun trading bitcoin futures with crypto investment firm Galaxy Digital. Both the bank and the firm are headquartered in New York City.
Additionally it's interesting to listen to this podcast from Goldman Sachs’ Allison Nathan: Crypto: A New Asset Class?
Secondly, Switzerland's first digital asset bank Sygnum is now offering Ethereum 2.0 staking. Last year the Zurich based bank launched staking for another cryptocurrency Tezos (XTZ). So it's not only Bitcoin or Ethereum, other cryptos are valuable assests too.
These news mean, in the coming days we can look forward beyond the 'crypto exchanges' onto the 'banks' specialized to handle crypto assets and services.
U.S. Consumers Can Now Buy and Sell Cardano ($ADA) Directly From a Bank Account
*Update: Soros Fund Management, the investment firm of billionaire businessman George Soros is now trading Bitcoin – from Market Insider
*Update: From Forbes: Bitcoin, Ethereum, BNB, Cardano And XRP Could Replace The Dollar In Just Five Years
Latest info and analysis on the crypto market. While investing, keep in mind, there's always risk of losing your money. So keep youself always update.
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