Bank Of America Approves Bitcoin Trading For Selected Clients – July 19

๐Ÿ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:ย $31,317

Bitcoin price has kicked off the week at almost identical levels to Friday morning, sitting just above the $31,000 level this morning.

Top-20 altcoins have taken a small hit over the last 24 hours of trading, with Ethereum falling 5%, XRP dropping 2% and Dogecoin sliding 7%.

Top Stories for July 19, 2021 ๐Ÿ”ฅ

๐Ÿ‘‰ Bank Of America Approves Bitcoin Trading For Selected Clients

The United States’ second-largest bank, Bank of America, has approved Bitcoin futures trading for selected clients.

According to one source, the bank will be providing clients with access to the popular CME Bitcoin futures. To begin, only some clients will be permitted to trade the product due to the large margin requirements.

๐Ÿ‘‰ Federal Reserve And Yale Researchers Draft Stablecoin Regulatory Framework

Researchers from the Board of Governors of the Federal Reserve System and Yale university have released a paper on stablecoins, proposing possible regulatory action.

The paper, called โ€œTaming Wildcat Stablecoins”, examines the history of private money and claims that policy makers have a choice: Introduce a central bank digital currency, or make stablecoins equivalent to public money.

๐Ÿ‘‰ US Government Offers Crypto Bounty For Cyberattack Intelligence

The U.S. Department of State is offering a bounty of up to $10 million in crypto for intelligence on cyberattacks coordinated by foreign governments.

The offer marks the first time in history that the Rewards for Justice program – and perhaps any arm of the US Government – has offered to pay a reward in cryptocurrency.