FTX Announces Fractional Stock Trading – October 29

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $13,133

Bitcoin price was rejected by the $13,700 level yesterday, falling back to retest the $13,100 mark today.

Top-20 altcoins have also taken a tumble, as Ethereum falls almost 3% and XRP drops a full 3%. Litecoin and Monero take the biggest hit, losing over 6% each.

Top Stories for October 29, 2020 πŸ”₯

πŸ‘‰ FTX Announces Fractional Stock Trading

Cryptocurrency exchange FTX has announced that it will be offering trading of fractional shares in the world’s largest companies, such as Tesla and Amazon.

Around a dozen stock and crypto pairs will be available on the exchange, made possible via a partnership with firms from Germany and Switzerland.

FTX CEO Sam Bankman-Fried says that the feature will give exposure to potential investors who find it difficult to access stocks via traditional markets.

πŸ‘‰ Coinbase Crypto Debit Card to Launch in The United States

Coinbase will be launching a Visa debit card in the Unites States, which will enable users to spend their cryptocurrency holdings anywhere Visa cards are accepted.

The cards will also provide spending rewards, which will be paid out in Bitcoin (BTC) and Stellar (XLM). Daily spending limits of $2,500 will apply.

πŸ‘‰ Canadian Digital Dollar Moves Past Experimental Stage

Tiff Macklem, Governor of the Bank of Canada (BoC), has stated in an interview that the country’s central bank digital dollar is now progressing past the experimental stage.

Macklem says that although there is no immediate need for such a digital currency, he wants to make sure that the BoC is prepared to launch one if it is required.