The global research division of the second-largest bank in the United States, Bank of America, has published a report in which it describes itself as “bullish” on the cryptocurrency ecosystem - saying it’s “too large to ignore” and there is more to watch beyond bitcoin.

Circle, a key supporter of the popular USDC stablecoin, is under investigation by the U.S. Securities and Exchange Commission (SEC). According to regulatory filings, the company received an “investigative subpoena” from the regulator’s Enforcement Division in July 2021.

Research from blockchain analytics firm Chainalysis has found that cryptocurrency transactions surged 706% in Central and Southern Asia, as well as in Oceania, between July 2020 and June 2021. In dollar terms, the total transaction value amounted to $572.5 billion.

Is there a legitimate way to get free Bitcoin? Believe it or not, the answer is yes.It is worth noting that these methods are not going to make you a bitcoin billionaire - though they can be a good way of stacking some extra satoshis with your spare time.

Sponsored: Peachfolio is the only app that can track every Binance Smart Chain token and Ethereum chain token in your portfolio from the moment they launch. The app is available on Google Play Store and Apple App Store. 

Top stories in the Crypto Roundup today:

• Bank of America Bullish on DeFi and NFTs
• USDC Stablecoin Backer Circle Under Investigation by the SEC
• Cryptocurrency Transactions Surged 706% in Asia: Report
• Is There a Legitimate Way to Earn Free Bitcoin?
• Sponsored: Track All Your DeFi Tokens In One Place With Peachfolio

Bank of America Bullish on Ethereum, DeFi and NFTs

The global research division of the second-largest bank in the United States, Bank of America, has published a report in which it describes itself as “bullish” on the cryptocurrency ecosystem - saying it’s “too large to ignore” and there is more to watch beyond bitcoin.

The report says that the financial giant’s global research division believes cryptocurrencies “could form an entirely new asset class” and that bitcoin “is important with a market value of ~$900 billion,” but there is more to it. It adds:

“In the near future, you may use blockchain technology to unlock your phone; buy a stock, house or fraction of a Ferrari; receive a dividend; borrow, loan or save money; or even pay for gas or pizza.”

Bank of America’s division cites figures such as the $17 billion worth of venture capital investment in the space seen in the first half of this year, compared to $5.5 billion last year. It also cites the recent resurgence of NFT marketplace OpenSea, which saw its trading volume surpass $3 billion between August and September.

The report adds that the high asking prices of some NFTs is a point of concern. Per the document DeFi and NFTs present “the most innovation” in crypto right now.

USDC Stablecoin Backer Circle Under Investigation by the SEC

Circle, a key supporter of the popular USDC stablecoin, is under investigation by the U.S. Securities and Exchange Commission (SEC). According to regulatory filings, the company received an “investigative subpoena” from the regulator’s Enforcement Division in July 2021.

The regulatory filings show the subpoena requests “documents and information regarding certain of our holdings, customer programs, and operations.” Circle said it is fully cooperating with the investigation.

The subpoena came a month after Circle started onboarding corporate USDC holders into its high-interest yield product Circle Yield. Coinbase, the other members of the Centre Consortium that issues USDC, was barred from offering a lending program last month. The SEC’s Gary Gensler has argued for more enforcement of the crypto space throughout the year.

Cryptocurrency Transactions Surged 706% in Asia: Report

Research from blockchain analytics firm Chainalysis has found that cryptocurrency transactions surged 706% in Central and Southern Asia, as well as in Oceania, between July 2020 and June 2021. In dollar terms, the total transaction value amounted to $572.5 billion.

Institutional and large transactions accounted for the highest percentage of transactions and seemed to show institutional adoption is growing. The trend was more noticeable in India, where large institutional-sized transactions above $10 million represented 42% of the total transactions.

Chainalysis has also revealed that the region of Central, Northern and Western Europe has become the world’s largest cryptocurrency economy with over $1 trillion in transactions over the same 12-month period.

Is There a Legitimate Way to Earn Free Bitcoin?

Is there a legitimate way to get free Bitcoin? Believe it or not, the answer is yes. However, before we get started it is worth noting that these methods are not going to make you a bitcoin billionaire - though they can be a good way of stacking some extra satoshis with your spare time.

There are actually a multitude of ways that you could be earning free bitcoin online - and the best part is, it’s usually delivered directly to your BTC wallet! We’ve spent some time researching the tried and tested methods so you can start accumulating BTC without spending a penny. Read CryptoCompare’s guide to find out more.

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Peachfolio is the only app that can track every Binance Smart Chain token and Ethereum chain token in your portfolio from the moment they launch. The app is available on Google Play Store and Apple App Store. 

Peachfolio Ecosystem 

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The Peachfolio Ecosystem includes:

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• PeachFinance (incorporating PeachWallet): Trade, store, and earn interest on your crypto assets with live trading, a fiat-to-crypto exchange, stop losses and limit orders, and farming.

Important note - The Peachfolio Ecosystem is powered by the $PCHF token and all these tools will require holding the PCHF token to access them.

$PCHF Token 

The $PCHF token has a multi-purpose transaction tax of 8%, which is distributed as follows:

• 4% is redistributed to token holders in the form of reflection rewards
• 2% is distributed to operational costs & ongoing app and project development
• 2% is distributed to liquidity

The market cap is currently $1.9M and the total supply is 1 billion tokens. $PCHF can be bought on PancakeSwap and is now audited by TechRate.

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