The cryptocurrency market has been taking a beating today, and the reasons for this have begun piling up. Late last week, J.P. Morgan Chase (NYSE:JPM), Citigroup (NYSE:C), and Bank of America (NYSE:BAC) announced they would be banning the buying of cryptocurrency using their credit cards. However, there have been hidden Visa and Mastercard fees introduced,…
Medicalchain is storming the healthcare space with its revolutionary blockchain technology. Essentially, the project is a blockchain that is specifically made for health records. Each patient is provided a copy of their entire medical history and can give access to any healthcare provider, instantly. Medicalchain’s CEO, Abdullah Albeyatti, is set to take the healthcare industry by storm.…
XPlay (XPA) is the only coin making a surge on the market today, as China continues their crackdown on cryptocurrencies. Bitcoin has reached just under the $8,000 mark, which is the first time since November of 2017. This morning the entire cryptocurrency total market cap is sitting just under $350 billion, slowly bleeding. Source: CoinMarketCap Currently,…
XPlay (XPA) is the only coin making a surge on the market today, as China continues their crackdown on cryptocurrencies. Bitcoin has reached just under the $8,000 mark, which is the first time since November of 2017. This morning the entire cryptocurrency total market cap is sitting just under $350 billion, slowly bleeding. Source: CoinMarketCap Currently,…
BTC has now broken down below the $7,000 level, which could be a legitimate sign of concerns for investors right now. However, there are some recent developments that we need to consider before making our next moves: India is looking to crack down on cryptocurrency Major banks around the world have placed bans on credit…
Over the last couple of weeks, and weighed down by regulatory concerns, cryptocurrency prices have declined. Now, major analysts warn investors from cryptocurrency trading. Source Image: coinmarketcap.com Financial Institutions Hate Cryptocurrencies Currency trends expert Chris Verrone said “the crash signaled that the financial sector is not prepared to own bitcoin yet and investors should wait to plunge into…
Following recent announcements by JPMorgan (NYSE:JPM), Bank of America (NYSE:BAC) and Citigroup (NYSE:C), customers will not be allowed to purchase cryptocurrency on their credit cards. Lloyds Banking Group, the largest bank in the United Kingdom, has now joined its American counterparts in the “anti-crypto campaign”.
Bitcoin price plummeted below the support level of $8000 for a third time today. The huge volatility in crypto markets wiped off more than $417 billion from the total market capitalization in the last month alone making this bitcoin price plunge one of the greatest yet. Consequently, the broader selloff has pulled back the cryptocurrency prices…
Thanks to blockchain technology, we are moving toward a trustless economy, with no need of third parties to exchange goods. Yet today’s digital currency exchanges are centralized. They have proven to be vulnerable to hacks, to react poorly to unusual blockchain events like hard forks, and often run with a high regulatory risk. Centralized exchanges…
Customers holding credit cards with Bank of America (NYSE:BAC), J.P Morgan Chase (NYSE:JPM) and Citigroup (NYSE:C) are now unable to purchase cryptocurrencies with their credit cards. CNBC was the first to report this news yesterday as all three banks confirmed their ban. A representative at J.P Morgan Chase told CNBC: “At this time, we are…
