The Swiss franchise of the Spanish banking giant Banco Bilbao Vizcaya Argentaria (BBVA) has recently announced the addition of Ethereum to the bank's custody service by expanding its cryptocurrency trading service. BBVA Switzerland had started offering Bitcoin trading and custody service to all private banking customers in June.
Elon Musk Says Bitcoin Suitable for Store of Value
The richest person globally, Tesla and SpaceX CEO Elon Musk, has been named "Person of the Year" for 2021 by Time Magazine. In an interview with the magazine published on Monday, Musk talked about cryptocurrencies Bitcoin and Dogecoin.
Crypto Bull Cathie Wood Says the Value of Ethereum Is Even More Undervalued
The CEO always expresses the belief that Bitcoin is still largely lower than its original value and that there is still a lot to do in the coming years. However, Wood pointed out that the actual value of the number-one altcoin Ethereum is not as well understood as Bitcoin.
German Savings Banks Will Consider a Crypto Currency Investment Service for Customers
Savings banks, the dominant German financial institution, will vote early next year on approving cryptocurrency investment for their customers. If approved, 50 million savings bank customers will buy and sell cryptocurrency directly through ordinary savings accounts. Germany, the largest economy in Europe in terms of GDP, promises to be increasingly exposed to cryptocurrency investments.
Bank of England Calls for Global Tightening of Cryptocurrency Regulation
The regulatory and legal frameworks for crypto assets need to be increased both domestically and globally to combat the fast-moving market, the Bank of England (BOE) said on Monday.
Small Ethereum Investors Increase the Risk, As ETH Loses $4K Level
Ethereum's native token Ether fell by over 20% after reaching an all-time high of $4,867 on November 10. However, the decline did not deter retail investors from buying ETH in small quantities. According to data collected by Glassnode, the number of Ethereum wallets with at least 0,1 ETH balance continued to rise even though Ether fixed it from $ 4.867 to $ 3.575, and eventually reached an all-time high of 6,37 million on December 12. While smaller retail investors seem to have been accumulating Ether, their larger counterparts look conflicted.
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