Anchorage To Provide ETH-Backed Loans To Institutions – June 4


📈 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 🔥

👉 Crypto Bank Anchorage To Provide ETH-Backed Loans To Institutions

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.

👉 FTX Exchange Launches Own NFT Marketplace

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.

👉 Norton Antivirus Company Rolls Out Feature For Ethereum Mining

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.

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