Visa Opens Bitcoin Consulting Service for Banks

[ad_1] Visa is launching an advisory and consulting service on Bitcoin and cryptocurrency for its institutional clients, according to multiple reports Wednesday. The payments giant will advise banks, fintech companies, and retailers looking to implement Bitcoin services. “Visa hopes its crypto consultancy can help further mainstream adoption of bitcoin,” according to a CNBC report. “Like rival Mastercard, the credit card giant sees cryptocurrencies as a key growth opportunity as it expands into areas beyond card payments.” Its advisory practice will reportedly be housed within its consulting and analytics division. Visa’s…

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Binance opens layer-two ETH deposits with Arbitrum One integration

[ad_1] On Friday, Binance announced the integration of the Arbitrum One core network and opened Ether (ETH) deposits on the Arbitrum One layer two. Arbitrum is a third-generation layer-two optimistic rollup protocol that runs on an off-chain Ethereum contract and has lower costs and faster transactions than on the Ethereum mainnet. The announcement notes that Binance users can now deposit any ERC-20 token from the Ethereum network with Arbitrum at a reduced transaction cost. In addition, Binance also stated that it will enable ETH withdrawals on the Arbitrum One Network…

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Largest Canadian Bitcoin ETF Opens to Mutual Fund Investors

[ad_1] Purpose Investments, an institutional firm with more than $12 billion under management, on Wednesday announced the launch of mutual fund units for the world’s first ETF backed and settled by Bitcoin. “We’re happy to provide another easy and secure way for Canadian investors to gain exposure to Bitcoin,” said CEO and founder Som Seif. Mutual funds that allow investors exposure to Bitcoin have risen in demand by investors worldwide this year. The Purpose Bitcoin ETF invests directly in Bitcoin allowing investors efficient exposure to Bitcoin without the associated risk…

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As Microsoft Azure closes shop, ConsenSys Quorum opens up to new users

[ad_1] Just as the cryptocurrency sector is constantly changing and evolving, the enterprise blockchain industry has been undergoing its fair share of developments lately. Most recently, enterprise blockchain solutions are shifting from private, closed networks to public, open systems. This has largely been made possible due to advances from the Ethereum network, which are ensuring better privacy, scalability, throughput and more for enterprise clients. A new industry analysis report demonstrates this shift, noting that the global blockchain technology market size is expected to reach $72 billion by 2026, rising at…

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Range-bound Bitcoin price opens the door for altcoins to move higher

[ad_1] Ether (ETH) took charge as a new month begins and the second-largest cryptocurrency by market capitalization rallied to a new all-time high at $3,338. This has many analysts shouting out that a new ‘altcoin season’ has commenced. Meanwhile, Bitcoin  (BTC) price is continuing to meet resistance around the $56,000 to $58,000 level.  Data from Cointelegraph Markets and TradingView shows that since dropping to a low of $2,160 on April 25, the price of Ether has rallied 54% to a new record high at $3,324 on May 3 as Monday’s 12% spike…

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Staked ETH Trust opens Ethereum staking to accredited investors

[ad_1] Staked, a blockchain infrastructure company and investment manager, is providing institutional investors with a new vehicle in which to invest in Ether (ETH) and earn staking rewards on the Ethereum 2.0 Beacon Chain. The Staked ETH Trust is now accepting private placement to accredited investors, the company announced Thursday. The Trust allows investors to gain direct exposure to Ether and earn staking rewards on their holdings. The return for staking ETH is expected to be up to 8%. The trust operates as a traditional investment vehicle that “wraps all…

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