Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Crypto Bank
US Gets Another Crypto Bank: Avanti is Officially a Bank
The Wyoming State Banking Board has granted Avanti Bank & Trust a bank charter. Thereby giving Avanti Financial Group the same powers as national banks and approving Avit - a tokenized US dollar. Last month, San Francisco-based crypto exchange Kraken Financial became the first crypto bank after receiving the state's banking board's nod. Now, Avanti will be competing directly with Kraken Financial. America's Second Crypto Bank With this announcement, Avanti Financial Group will be able to provide custody services for…
5 years ago