JPMorgan Predicts More Payment Companies Will Enable BTC Purchases – October 14

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $11,378

Bitcoin price has taken a slight dip over the last day of trading, as price falls back below the $11,400 mark.

Top-20 altcoins have also cooled off, with Ethereum falling 1%, XRP dropping almost 3%, and coin taking a 7% hit. Bitcoin Cash is the most positive outlier with a 4% gain.

Top Stories for October 14, 2020 πŸ”₯

πŸ‘‰ JPMorgan Predicts More Payment Companies Will Enable BTC Purchases

JPMorgan analysts believe that more payment companies will enable customers to purchase Bitcoin via their apps, following in the footsteps of Square’s Cash App.

The statement was found in a research note published Tuesday, which recognized that Cash App had surpassed the Grayscale Bitcoin Trust for Bitcoin purchases by millennials in Q2 of this year.

PayPal has been noted to be adding some variety of cryptocurrency-based services to their users in the near future.

πŸ‘‰ UK FCA Accused of Ignoring Own Consultation in Crypto Derivatives Ban

Information from the UK Financial Conduct Authority’s own policy statement shows that they ignored 97% of respondents to their own consultation, when they banned cryptocurrency derivatives last week.

The respondents included exchanges, companies and individuals involved in cryptocurrency, 97% of which opposed the ban – arguing that a disproportionate ban was unnecessary.

πŸ‘‰ Announces Fingerprint-Access Crypto Hardware Wallet

Cryptocurrency exchange has announced a new cryptocurrency hardware wallet, which utilizes fingerprint authorization.

The wallet – dubbed the Wallet S1 – will initially target the Chinese market, and be able to store more than 10,000 different cryptocurrency assets.