• Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us
Newsletter
Crypto Hoarding
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us
No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us
No Result
View All Result
Crypto Hoarding
No Result
View All Result
Home Ethereum

Bank Bets Big on Crypto, Backs Loans with Ethereum: ‘Bitcoin Will Aways Be the Gold, Ethereum Will Always Be the Silver’ – Yahoo Finance

Admin by Admin
June 8, 2021
in Ethereum
0
Bank Bets Big on Crypto, Backs Loans with Ethereum: ‘Bitcoin Will Aways Be the Gold, Ethereum Will Always Be the Silver’ – Yahoo Finance
210
SHARES
1.6k
VIEWS
Share on FacebookShare on Twitter
NKTN / Getty Images

NKTN / Getty Images

Crypto custody bank Anchorage is now adding ethereum-backed loans to its digital collateral offerings. The bank will provide the crypto-backed loans through BankProv, formerly known as Provident Bank. Anchorage already offers bitcoin-backed loans through Silvergate Bank.

See: Banks in Nebraska to Accept Crypto – Despite Warren Buffett’s Misgivings
Find: Americans are Looking for Bitcoin Life Insurance

Related articles

Layer-1 blockchains: How crypto winter could slow the challenge to Ethereum – Cointelegraph

Layer-1 blockchains: How crypto winter could slow the challenge to Ethereum – Cointelegraph

July 1, 2022
Facebook Begins Testing Ethereum and Polygon NFTs on Profiles – Decrypt

Facebook Begins Testing Ethereum and Polygon NFTs on Profiles – Decrypt

June 30, 2022

BankProv CEO said, “We firmly believe in our mission that the crypto market should be afforded the same access and rights to traditional financing tools as any other legal, well-capitalized and compliant business in America. Anchorage’s collateral management tech is world class making them a trusted partner in the banking industry.”

Ethereum has gained traction in recent months, as many believe it is the next digital asset poised to receive similar esteem to Bitcoin. BankProv’s partnership with Anchorage helps to solidify Ether’s reputation, as it is one of the first FDIC-insured banks to support and offer the digital asset in its products.

“Shark Tank” money guru Kevin O’Leary recently told CNBC, “Bitcoin will always be the gold. Ethereum will always be the silver.” Others seem to disagree and believe that Ethereum has yet to reach its peak.

See: 3 Common Crypto Misconceptions Debunked
Find: How Does Cryptocurrency Work – and Is It Safe?

Analysts at Kraken, a global crypto exchange, believe that even with the most recent price surge, Ether “dominance” — its total share of the total crypto market cap — is only coming close to the 18% multi-year high achieved earlier this year, but remains far away from the 30% high achieved in 2017.

Manager of Kraken Intelligence Pete Huminston added, “Past performance does not indicate future prices, but the fact that Ethereum remains resolutely at the heart of bleeding-edge activity and innovation in the industry — just as it did in the previous bull market — suggests ETH has plenty of upside potential,” reports CityAM.

More From GOBankingRates

This article originally appeared on GOBankingRates.com: Bank Bets Big on Crypto, Backs Loans with Ethereum: ‘Bitcoin Will Aways Be the Gold, Ethereum Will Always Be the Silver’

Share84Tweet53

Related Posts

Layer-1 blockchains: How crypto winter could slow the challenge to Ethereum – Cointelegraph

Layer-1 blockchains: How crypto winter could slow the challenge to Ethereum – Cointelegraph

by Admin
July 1, 2022
0

Given Ethereum’s dominance coupled with the current crypto bear market, it remains questionable if L1s will flourish. This was recently...

Facebook Begins Testing Ethereum and Polygon NFTs on Profiles – Decrypt

Facebook Begins Testing Ethereum and Polygon NFTs on Profiles – Decrypt

by Admin
June 30, 2022
0

Meta, formerly known as Facebook, has begun rolling out NFTs for some U.S. creators on its flagship social network.Facebook is...

After a Short Rally, Bitcoin and Ethereum Prices Plummet. Here’s What Comes Next, According to These Experts – NextAdvisor

After a Short Rally, Bitcoin and Ethereum Prices Plummet. Here’s What Comes Next, According to These Experts – NextAdvisor

by Admin
June 30, 2022
0

Editorial IndependenceWe want to help you make more informed decisions. Some links on this page — clearly marked — may...

‘Gray Glacier’ Upgrade Goes Live on Ethereum Network – Decrypt

‘Gray Glacier’ Upgrade Goes Live on Ethereum Network – Decrypt

by Admin
June 30, 2022
0

It’s another day, another upgrade for Ethereum as the world’s largest smart contracts platform has just rolled out a new...

Ethereum $1K price support in danger as Q2 comes to a close – Cointelegraph

Ethereum $1K price support in danger as Q2 comes to a close – Cointelegraph

by Admin
June 30, 2022
0

Ethereum's native token Ether (ETH) fell on the final trading day of Q2/2022, trading in sync with riskier assets amid...

Load More
  • Trending
  • Comments
  • Latest
Major Changes Coming to XRP Ledger As Ripple-Backed Startup Launches Key Amendment in Beta Testnet – The Daily Hodl

Major Changes Coming to XRP Ledger As Ripple-Backed Startup Launches Key Amendment in Beta Testnet – The Daily Hodl

April 21, 2021

SteveWillDoIt reveals hacker stole his crypto wallet: “I lost a lot of money” – Dexerto

July 26, 2021
Forte’s PTI gets financial transaction licenses for blockchain games – VentureBeat

Forte’s PTI gets financial transaction licenses for blockchain games – VentureBeat

February 11, 2022
DOGE passes Uniswap and Litecoin to become 8th largest cryptocurrency by market cap – Cointelegraph

DOGE passes Uniswap and Litecoin to become 8th largest cryptocurrency by market cap – Cointelegraph

April 15, 2021
Polygon, Fantom Users Targeted in Ankr Gateway Hack – Crypto Briefing

Polygon, Fantom Users Targeted in Ankr Gateway Hack – Crypto Briefing

0

Rivals Ripple and R3 partner up | PaymentsSource – American Banker

0
Ripple seeks shelter in D.C. from Libra’s political storm – American Banker

Ripple seeks shelter in D.C. from Libra’s political storm – American Banker

0

Litecoin Gets Bullish Speculation, at Last, as Upgrade Approaches – Coindesk

0
Polygon, Fantom Users Targeted in Ankr Gateway Hack – Crypto Briefing

Polygon, Fantom Users Targeted in Ankr Gateway Hack – Crypto Briefing

July 1, 2022
Layer-1 blockchains: How crypto winter could slow the challenge to Ethereum – Cointelegraph

Layer-1 blockchains: How crypto winter could slow the challenge to Ethereum – Cointelegraph

July 1, 2022
Report Shows Blockchain Will Have a Significant Impact on Businesses – ETF Trends

Report Shows Blockchain Will Have a Significant Impact on Businesses – ETF Trends

July 1, 2022
Investing in cryptocurrency? What you need to know first – The Telegraph

Investing in cryptocurrency? What you need to know first – The Telegraph

July 1, 2022
Crypto Hoarding

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Categories tes

  • Bitcoin
  • Blockchain
  • Cryptocurrency Hackers
  • Ethereum
  • Litecoin
  • Ripple

Newsletter

[mc4wp_form]

  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us

© 2017 JNews - Crafted with love by Jegtheme.

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us

Copyright (c) 2021 - Crypto Hoarding - All Rights Reserved - web design by TechyRack