JPMorgan To Allow Retail Wealth Clients To Buy Crypto – July 23

30 Second Cryptocurrency Price Summary

Current Bitcoin Price: $32,439

Bitcoin price is holding strong above the $32,000 mark today, as price travels relatively sideways over the last 24 hours.

Top-20 altcoins are beginning to cool off from their strong recovery period, with Ethereum gaining 3%, Cardano unchanged and Polkadot leading the way with a 6% rise.

Top Stories for July 23, 2021

JPMorgan To Allow Retail Wealth Clients To Buy Crypto

JPMorgan now allows its retail wealth clients to gain access to cryptocurrency funds, according to a report from Business Insider.

Advisers from the company can now execute crypto trades for these retail clients, via the various Grayscale and Osprey trusts.

The move has come shortly after a report that a growing proportion of the investment bank’s clients view cryptocurrencies as a legitimate asset class.

BlockFi Facing Scrutiny From Two More States

Crypto financial services platform BlockFi is facing potential cease-and-desist orders from two further states, as Texas and Alabama take action against the firm.

Texas and Alabama now appear to share New Jersey’s stance on the firm’s interest accounts, claiming that the product constitutes a security. All three states have now filed for – or issued – legal orders against the product.

Twitter CEO Says Bitcoin Will Be A “Big Part” Of The Platform In The Future

Twitter CEO Jack Dorsey has publicly stated that Bitcoin will be a “big part” of Twitter’s future, explaining that it may be integrated into new products on the platform.

Suggested applications included “Super Follows”, commerce, subscriptions and a tip jar. Dorsey has a long-standing relationship with Bitcoin, most notably through digital payments company Square.

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