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…
Stock Trades
An American Bank Employs Blockchain to Work Out Stock Trades
The Bank of America(BofA) has become the most recent Wall Street institution to integrate blockchain solutions into its systems through the Paxos Settlement Service. This move by the second largest bank in America seeks to attain a same-day settlement of stock trades, thanks to the blockchain technology Paxos provides. According to Kevin McCarthy, BofA's head of financing and clearing, the fast settlement option with Paxos will start once the bank is cleared to operate as a clearing agency. In 2019,…
4 years ago