Visa Reports Handling Over $1B In Crypto This Year – July 8

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$32,593

Bitcoin price has plunged back into the $32,000s overnight, as price fails to hold its more recent range near $35,000.

Top-20 altcoins have also performed poorly over the last 24 hours, as Ethereum falls 8%, Binance Coin drops 5% and Uniswap suffers a 10% drawdown.

Top Stories for July 8, 2021 🔥

👉 Visa Reports Handling Over $1B In Crypto This Year

Payments giant Visa has reported that it has handled more than $1 billion in cryptocurrency so far in 2021, according to an update published by the company.

Visa has partnered with more than 50 different crypto platforms that have issued Visa-powered debit cards, which can be used at any Vida-friendly merchant globally.

👉 PBoC Says Stablecoins Pose Risk To Global Financial Systems

The People’s Bank of China (PBoC) has stated that they are concerned over stablecoins and their potential risk to global financial systems.

Fan Yifei, deputy governor at the PBoC, recognized that the speed of development in private payment systems is worrying and that the PBoC is working against monopolies.

👉 SEC Delays Decision On Skybridge Bitcoin ETF

The Securities and Exchange Commission (SEC) has delayed its decision on SkyBridge Capital’s Bitcoin exchange-traded fund (ETF) application, until late August.

To date, the SEC has been very reluctant to approve crypto ETFs, which would significantly increase access to the cryptocurrencies for retail investors.