US Banks Given the Green Light to Hold Bitcoin by OCC – July 23

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $9,504

Bitcoin price has jumped up almost 2% and past the $9,500 mark today, in a market-wide rise.

Top-20 altcoins are all in the green today, as Ethereum experiences a notable 9% gain, XRP rises 2%, and Chainlink gains 7%.

Top Stories for July 23, 2020 πŸ”₯

πŸ‘‰ US Banks Given the Green Light to Hold Bitcoin by OCC

Large banks in the United States have been approved to begin holding cryptocurrencies including Bitcoin on behalf of their customers by the Office of the Comptroller of the Currency (OCC).

The OCC’s new policy was laid out in an unaddressed letter published by the regulator this week, specifically stating that banks are authorized to “provide cryptocurrency custody services for customers”.

πŸ‘‰ Japanese Financial Services Agency Approves OMG Token

OMG Network’s cryptocurrency token (OMG) is now officially a regulated compliant cryptocurrency in Japan, following approval by their Financial Services Agency (FSA).

Its approval makes it the 26th cryptocurrency to date to pass the FSA’s regulatory screening. The platform, previously known as OmiseGo, is designed to enhance scalability of the Ethereum network.

πŸ‘‰ NBA Star Spencer Dinwiddie Raises $1.3M in Security Token Sale

NBA star, Spencer Dinwiddie of the Brooklyn Nets, has raised $1.3 million in his security token offering, which is backed by his NBA contract.

90 tokens were up for sale, each priced at $150,000 and representing equal shares in Dinwiddie’s NBA contract. Only 9 tokens were sold, to 8 different investors.