In “This was the NEWS” we take a look at the most important news of last week. What has happened in the crypto space over the last 7 days? What news items that you may have missed, do you really need to read? You will find it here!
1. Coinbase might add five new coins
By far the biggest news of the week is of course that Coinbase announced that they might add FIVE more coins to their platform. The American Coinbase is the world’s largest crypto broker, but until now you can only use Coinbase to buy Bitcoin, Ethereum, Litecoin, Bitcoin Cash and soon Ethereum Classic. This might change soon, as Coinbase revealed that they are exploring the option to add Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and 0x (ZRX) to their platform. Read more about it here: Coinbase adding five news coins
2. CBOE Files with SEC for Bitcoin ETF
The United States Securities and Exchange Commission (SEC) is examining an application from the Chicago Board Options Exchange (CBOE) Global Markets which, if approved, could grant the company a coveted bitcoin ETF license, and bring new waves of institutional investors to the bitcoin arena. It’s not the first time that the CBOE requests a license for Bitcoin ETF, but previous requests have been declined. Many experts believe, however, that since a lot of things have changed within the crypto space recently, that there is a big possibility that the SEC is finally going to grant a Bitcoin ETF license. More about Bitcoin ETF can be found here: Has A Crypto Game Changer Finally Arrived?
3. Robinhood adds support for Litecoin and Bitcoin Cash
Financial services mobile app Robinhood has added support for Litecoin (LTC) and Bitcoin Cash(BCH) onto its Robinhood Crypto Platform. Robinhood quickly made a name for itself as millions of users started using the app to trade stocks, ETFs and options. After launching crypto, they quickly became one of the go-to apps for hobbyists to buy and sell crypto in the US. With no transaction fees, Robinhood is a more attractive option for those trading frequently, rather than Coinbase which takes a percentage fee every time you make a trade. Adding Litecoin and Bitcoin Cash is another move by Robinhood to take on the competition. Read everything you need to know about this news here: Robinhood Adds Support For Litecoin And Bitcoin Cash
4. John McAfee is back and has a lot to say
Maverick tech security figure and famous Bitcoin promoter John McAfee was briefly hospitalized a few weeks ago after an apparent attack. McAfee himself suggested it was an attempt on his life. In June McAfee suddenly posted on Twitter: “I apologize for my three-day absence but I was unconscious for two days at the Vidant Medical Center in North Carolina and just woke up”. McAfee further posted: “My enemies maged to spike something that i ingested. However, I am more difficult to kill than anyone can possibly imagine. I am back”. It now seems John McAfee was right because he is not backing down! Read here all the things that John McAfee has to say: John McAfee is back!
5. The Litecoin Foundation acquired a 9.9 stake in a German bank
Pretty significant: Tokenpay Swiss AG has officially confirmed that it has acquired a 9.9 percent stake in WEG Bank AG in partnership with the Litecoin Foundation. The terms of the agreement will also include options to purchase approximately 90% overall of the bank, pending the customary regulatory approval. Read here more about the deal: Litecoin Foundation Acquires a 9.9% Stake in a German bank
“This was the NEWS” summary!
A lot of important and good news last week. The decision from Coinbase and Robinhood to expand the number of coins on their platforms is a huge step forward. For many people it will then be way easier to get certain coins besides Bitcoin and Ethereum. Furthermore, everyone is anxiously looking forward to the SEC’s decision regarding Bitcoin ETF. Can a positive decision trigger a new “bull run”? Many people think so, as Bitcoin ETF will open the doors for many large investors. In addition to this, the Litecoin Foundation is aiming for a stake in a German bank, which increases the likelihood that Litecoin will see more integrations in the banking world in the future and will, therefore, cause mainstream adoption! EXCITING!