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Cryptocurrency Daily Roundup - Feb.7


Here is a summary of some of the widely followed stories on cryptocurrency and blockchain during the past 24 hours.

Crypto wallet app Abra unveils Bitcoin Investment Option for Stocks, ETFs

Cryptocurrency wallet app Abra announced new features allowing everyone, everywhere in the world to invest in traditional stocks, commodities and exchange-traded funds or ETFs using Bitcoin. The company plans to start with popular US stocks and ETFs and add more global assets in the coming months. These major stocks include Facebook, Apple, Amazon, Google, and Netflix.

Opera partners Safello allows in-browser crypto purchases for Scandinavians

Web browser maker Opera Software AS is partnering European crypto exchange Safello to enable in-browser purchases of cryptocurrencies such as Bitcoin on the Opera web-browser for android for users in the Scandinavia countries of Denmark, Norway, and Sweden. Safello's brokerage solution is being integrated with Opera's blockchain-powered browser for Android to drive wider adoption of cryptocurrencies.

South Korea central bank warns against state-backed cryptocurrency

South Korea's central bank has warned that adopting a state-backed cryptocurrency will undermine the country's financial system, leading to liquidity shortage and high interest rates. According to a report published by the Bank of Korea (BOK), the introduction of a central bank digital currency (CBDC) will replace demand deposits held by local commercial banks as investors will go after the BOK-backed CBDC thinking that it is far safer, Korea Times reported.

Luxury App The List Partners BitBay Pay To Accept Cryptocurrency Payments

Dubai-based luxury fashion mobile platform THE LIST is partnering crypto payment processor BitBay Pay to facilitate payment using cryptocurrencies such as Bitcoin. This will also help customers to conveniently shop without having to enter any card information for online payments. Customers of THE LIST App can shop for luxury products and pay directly with Bitcoins only initially. However, the app will soon add support for over 20 additional cryptocurrencies such as Litecoin, Ether, Lisk, Tron and Ripple to aid purchases through the app.

Current Prices

As of this writing, Bitcoin is losing 0.20 percent or $6.99 at $3363.02 on Coinbase. Ethereum is gaining 1.48 percent or $1.51 at $103.40.

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