Bitcoin and Cryptocurrency in July 2020 BIG NEWS for Bank of America | First on Cryptocurrency News

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Bank of America has JUST updated their bitcoin and cryptocurrency policy for July 2020! Plus, what are the risks of DeFi Ethereum lending according to Andreas Antonopoulos? Be sure not to miss anything, hit the bell and have the best cryptocurrency news in the US every day!

We also discuss recent Cardano adoption as well as Cosmos cryptocurrency atom staking. Join the Altcoin Daily family and stay updated on the latest cryptocurrency news.

Let’s Learn! Here at Altcoin Daily, your cryptocurrency news in the US!
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How to stake Cosmos (ATOM) using Ledger Live: a step-by-step guide
https://medium.com/everstake/how-to-stake-cosmos-atom-using-ledger-live-a-step-by-step-guide-3a7b2f0c0b97

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Timestamps:
00:00 Video Intro 👍
00:18 Bank of America Bitcoin UPDATE
02:18 What are the risks of DeFi Lending?
05:58 TikTok Bitcoin Warning
06:58 Zimbabwe BLOCKS All Mobile Money
08:47 Cardano Adoption
09:31 Cosmos (ATOM) Staking
10:07 Final Thoughts

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Comments

Michael Greenstreet says:

I have been trading/mining crypto with a guy named James Carlson for quite sometime now. I came to know of him and his mining/investment platform through a friend. I have to admit, I was quite skeptical at first, so I invested about $500 and in about 3 weeks I made an ROI of about $2000. He then introduced me to a strategy on how to trade and execute trades with signals and this yells me from my 0.7 BTC to 4 BTC in just 2 week of trading under his instructions, I feel this is worth sharing so as to help those trying to venture into the Bitcoin/crypto world. James can be reached on Whatspp: +447476717980 and Telgram @ JamesC51 for inquiries into profitable trading systems.

Greenphonix says:

Bit News here and there for months but still no bull run. I think you need to redefine "Big News"

alxdbs says:

I suggest waiting for cardano platform for less risk

Jatoshi says:

BOA could stop crypto purchases if they wanted but treating it as cash is a fair game and admittance of cryptos cash-like properties IMO. If you’re buying crypto on a credit card in the first place then your already stung with high fees so if it will deter people to use other ways that’s a good thing.

Liana Roberts says:

I still won't use the digital dollar. It is much easier and more profitable to buy USDT on Bitfinex via Ownr using a card.

Simon Plumber says:

was Antanalopolis promoting Smart contracts and Defi, or a massive "Slagging off " of Ethereum and Defi……..?????? lol.

The Lockdown Mindset says:

Seriously bullish over the bank of america news. They now basically said we class crypto as a real asset,its here to stay so we will charge big for it.

Smart people just wont use a credit card to buy which in my opinion is retarded anyway lol

Willeke Willeke says:

Old fashion bank ING the Netherlands thinks crypto and blockchain is still a crime.

Kiteguidebrazil says:

To bank of America 🖕 come and get it… If you find me.

Daniel Barnes says:

Always bagging other shit out bro grow up

Deanna Barter says:

i suggest to HODL on ALGO. They are on better position right now

733Rafael says:

lending is parasitic activity that is main reason bitcoin was created to exterminate; nobody with half brain working will lend deflationary secure asset.
also antonopolus is huge kuk.

Rosie pekkins says:

everyone is yelling, knowledge is power yet doing the same thing our
parents do…. Invest and leave it dormant, thats what you do when you
buy coin and hold. why hold when you can make a hella money out of it???

Markens Esteve says:

Hey Austin, what do you think about BlockFi, is it legit?

T H says:

Banks are such crooks!

John Straumietis says:

GREETINGS FROM PHOENIX, AZ.!!
WOW, ITS HOT!!.. .DEFINITELY NOT MALIBU. 😎👍

MillionsByNefu says:

They slick asf, but check this out I tried to use my BOA Cash Rewards credit card to buy crypto from exodus, and other services so that i can get the 3% kick back while buying the bitcoin, but they caught on haha. so they treated it as a cash advance and charged me a $10 fee just like coinbase. I was mad as ffffff because now they trying to make money off buying it so i might as well buy bitcoin from exchange and bank transfer. 🙁

Shane M says:

It makes complete sense that they would treat it as cash. They stand to lose money if they don't. Think about it. I could buy 100k of USDC, earn 8% a month on it ($666 a month) and pay the 100k off in full after 30 days of borrowing it interest free from BoA. I'd definitely do this each month and so would everyone and their grandma if they didn't charge a fee

C S says:

Buy DGB, ALGO, IOST, APL and RSR. Thank me in 1-2 years 👊

Sebastian K says:

As German I cannot understand why Americans use credit cards…

Henry Соoper says:

Did you know that Algorand platform has recently attracted a lot of attention from institutions. One of these institutions happens to be the “Bank of America" .. just sharing!

Erwin Rosales says:

DMG, GEEQ. Upcoming projects to keep on your radar.

Rossie Smith says:

Bitcoin breakout is imminent so learn to trade your Crypto. As for me Walter Arrav trades for me and helps me increase my Crypto massively.

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