Major US Banks Issue Fresh Ban On Cryptocurrency Purchases
More financial institutions are dropping support of Bitcoin and other cryptocurrencies as they decide to ban crypto purchases done via their bank’s credit cards. Major US credit card issuers such as the Bank of America Corp. (BoFA), JPMorgan Chase &
Read MoreKorean Cryptocurrency Traders To Be Fined For Not Converting Virtual Accounts
South Korean financial authorities recently announced that South Korean cryptocurrency investors must convert their virtual accounts into real name accounts. Cryptocurrency traders who refuse to convert their virtual accounts into real-name ones will be fined. This announcement does not come
Read MoreVisa Crackdowns On CryptoCurrency Card Provider WaveCrest
Thousands of pre-paid cryptocurrency card users were affected over the weekend after Visa decided to crackdown on a popular card provider and suspend its services. WaveCrest, a Gibraltar-based company issues pre-paid cryptocurrency cards that allows its users to make payments
Read MoreBoE Thinks About Introducing Its Own Cryptocurrency
The cryptocurrency craze of 2017 does not look like it is going to fade out anytime soon. The Bank of England (BoE) recently announced that its senior executives have been hold discussions regarding the possibility of introducing their own version
Read MoreBitcoin Investors Concerned As It Takes A Massive Plunge
For many Bitcoin investors, last week was a pretty stunning week as the cryptocurrency finally stopped its rise and started its price correction. From a stunning $20,000 high, it has dropped to $13,333. That is a 45% loss in value.
Read MoreNorth Korean Hackers Focusing On Growing CyberCurrency Market
South Korean researchers are sounding the alarm on recent North Korean cyber-attacks. North Korea has a special group of hackers that are endorsed by the government and have made it a habit in the past to hack websites to steal
Read MoreSEC Chief Urges Cryptocurrency Investors To Exercise Caution
US Securities and Exchange Commission (SEC) Chairman Jay Clayton released a statement this week, warning everyone who are currently trading and interested in the exchange of initial coin offerings (ICOs) to exercise extreme caution when dealing with cryptocurrencies. While cryptocurrency
Read MoreUS SEC Warns Celebrities Of Endorsing CryptoCurrency
Following the rise and popularity of cryptocurrencies across the world, the US Securities and Exchange Commission (SEC) has released a statement this week encouraging people to be more vigilant about these new virtual currencies despite receiving support and endorsement from
Read MoreSudden Interest From China in Bitcoins Sparks Surge In Rates
Bitcoin, the digital currency has been around for over four years but has been a relatively unknown quantity in most markets as there is very little information available about Bitcoin and also because most governments have not recognized Bitcoin as
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