Connect with us

Hi, what are you looking for?

Cryptocurrency

Australia’s largest bank is reportedly planning to add crypto support to its app

The Australian Financial Review reported Tuesday that Commonwealth Bank, the country’s top bank, is planning to integrate crypto into its digital app.

Citing sources with knowledge of the process, the AFR said that the bank will announce the ability to buy and hold bitcoin, as well as other digital assets. Per the report, the added support will begin next year.

An announcement is expected Wednesday. The AFR also said that Commonwealth Bank may also make public deals with Gemini, a U.S.-headquartered exchange, and Chainalyis, a blockchain analytics firm, both of which will be playing support roles for the app integration.

thebloccrypto

Featured

Bitcoin

The crypto market is bracing for a potential surge as the U.S. presidential election nears, with experts offering bold predictions for Bitcoin’s price trajectory....

etf

The launch of new spot Bitcoin (CRYPTO: BTC) ETFs in January was a watershed event for the crypto industry. Arguably, it was Wall Street’s biggest new product...

Bitcoin

US-based Wells Fargo publicly announced its spot Bitcoin ETF investments in a statement to the US Securities and Exchange Commission (SEC). On the other...

Bitcoin Mining

The mining industry for Bitcoins incurred a sizeable debt load during the bull market of 2021, which hurt their financial health during the subsequent...