Cryptocurrency News Updates for August 4


Wells Fargo Offers Crypto Investments


Plans to start exposing clients to cryptocurrencies are underway at Wells Fargo, an internal spokesperson could confirmed.
These will be implemented through the Wells Fargo wealth management unit, a prominent wealth manager in the US .


While explaining the new scheme, Darrel Cronk describes cryptocurrency as an invest-able asset. However, he stated that they may not really be described as an asset class.
Wells Fargo won’t be the first investment bank to offer cryptocurrency investment options to its clients. Banks like JPMorgan and Citigroup already have similar plans.


In other news, Bitcoin continues its bearish run, losing 2% value over the last 24 hours. The global crypto market capitalization recedes to $1.55 trillion, a 1.1% decrease over the past 24 hours.


Binance And Alchemy Pay Partner in Bitcoin Payment Solution


A newly announced Binance partnership could bring crypto payment options to all Alchemy Pay partners, including Shopify.


The partnership integrates Binance Pay, a P2P payment feature with Alchemy Pay giving Binance Pay users automatic access to Alchemy Pay partners.


This partnership will enable users to process payments in 40 cryptocurrencies, including Bitcoin and Ethereum, across all countries where Alchemy Pay operates.


Alchemy Pay also runs a token (ACH) on the Ethereum blockchain. The ACH token has experienced massive adoption over the past few weeks, rising more than 1700%.


Google’s New Ad Policy Mellows On Crypto Ads Crackdown


Google’s new ad policies has shown more tolerance towards cryptocurrency ads. The new policy reveals that Google will start accepting crypto ads from specific advertisers.


While it’s previously impossible to run crypto-related ads through Google ads, the new policy lets companies registered with FinCEN to run cryptocurrency ads.


The policy, however, limits what kinds of cryptocurrency ads that could be accepted on the platform. Ads related to ICOs, loans, tokens, celebrity endorsements, and unregulated apps remain banned.

Author: Jofor Humani

Jofor is a crypto journalist with passion for investigative review of projects with the aim to determine the authenticity of their claims.