JPMorgan Looks To Launch Crypto Basket Investment Product – March 10

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$55,033

Bitcoin price is sitting comfortably around the $55,000 mark today, as price continues to creep towards all-time high levels.

Top-20 altcoins have had mixed results today, as Ethereum remains unchanged, Binance Coin gains 9% and XRP falls 3%.

Top Stories for March 10, 2021 🔥

👉 JPMorgan Looks To Launch Crypto Basket Investment Product

JPMorgan has filed with the SEC to launch a product which provides investors with exposure to a basket of crypto-focused companies, including MicroStrategy and Square.

The basket involves 11 US-listed companies that have some form of exposure to the cryptocurrency market, either directly through the ownership of crypto or selling products within the cryptocurrency niche.

👉 US Lawmakers Introduce Legislation To Evaluate Crypto Legal Framework

US lawmakers introduced a bill yesterday which would establish a working group designed to revise the current legal and regulatory framework around “digital assets” in the United States.

The working group would involve experts and representatives from the SEC and CFTC, with an ultimate goal of clarifying when the SEC has jurisdiction over a cryptocurrency, and when the CFTC does.

👉 Twitter Suspends Multiple Prominent Crypto Influencer Accounts 

Twitter has suspended the accounts of multiple high-profile crypto influencers, in an apparent blanket-ban of suspected spam accounts.

Notable figures such as @PlanB, @Woonomic, @wsbchairman and others – each with several hundred-thousand followers – have all found their accounts suspended.