US OCC Permits Banks To Use Stablecoins And Run Nodes – January 5

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $31,328

Bitcoin price briefly dipped below the $30,000 mark again today, recovering to stabilize around the $31,000 level.

Top-20 altcoins continue to perform well, as Ethereum rises 7%, XRP gains 2%, and Stellar jumps an impressive 27% over the last 24 hours.

Top Stories for January 5, 2021 πŸ”₯

πŸ‘‰ US OCC Permits Banks To Use Stablecoins And Run Nodes

The Office of the Comptroller of the Currency (OCC) is now permitting US banks to use stablecoins and run cryptocurrency nodes, as revealed in a newly published letter.

Banks will be able to use public blockchains to record and settle payments using stablecoins, with the OCC highlighting the benefits for cross-border transactions.

πŸ‘‰ JPMorgan Sets Long-Term BTC Price Target To $146,000

JPMorgan continues to increasingly embrace Bitcoin, setting a new long-term price target of $146,000 for the cryptocurrency as it begins to rival gold.

Contrary to this long-term prediction, the firm does not think that a further gain will be sustainable on Bitcoin’s current bull-run and that short-term advances into the $50,000 to $100,000 will not hold.

πŸ‘‰ OKEx Launches OKExChain Mainnet, Issues 10M Tokens

Popular cryptocurrency exchange OKEx has officially launched its very own OKExChain mainnet today, making 10 million native OKT tokens available to the community.

OKEx users will be able to earn OKT by staking their OKB exchange tokens, with no minimum or maximum limits on how much OKB can be staked.