30 Second Cryptocurrency Price Summary
Current Bitcoin Price: $36,779
Bitcoin price has retreated back below the $37,000 level as price failed to hold above $39,000 overnight.
Top-20 altcoins have taken a hit as Ethereum falls 7%, XRP drops 9% and Chainlink suffers a 12% loss.
Top Stories for June 4, 2021
Anchorage Digital, a cryptocurrency custody bank is now providing Ether-backed USD loans to institutional investors.
Clients of the crypto-bank can now draw a line of USD credit backed by Ether, thanks to Anchorage’s partnership with BankProv, a US commercial bank.
According to Anchorage co-founder Diogo Mónica, these loans may even be under-collateralized if the borrower passes risk and due diligence checks.
Cryptocurrency exchange FTX has launched its very own non-fungible token (NFT) marketplace, on both its global and US exchange websites.
The marketplace allows the trading of NFTs with 5% fees to both sellers and buyers, and will soon enable withdrawals to external wallets.
The company behind Norton Antivirus has launched a new Ethereum mining feature, allowing users to join a pool and perform low-volume mining.
The software will run when a computer is idle, with mining pools paying out miners periodically to a “Norton Crypto Wallet” or a personal one assigned by the user. 15% fees apply for using the service.
The post Anchorage To Provide ETH-Backed Loans To Institutions – June 4 appeared first on BitcoinPrice.com.
Source: Anchorage To Provide ETH-Backed Loans To Institutions – June 4