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…
After a rough couple of days on the cryptocurrency market, it seems that most coins have begun rebounding today. Early Thursday, news broke that India was planning to ban cryptocurrencies. As usual, the media altered what the Finance Minister actually said and scared a group of cryptocurrency investors. Arun Jaitley made a statement saying that India…
While I remain an advocate of ICOs I can’t help but be disappointed when realizing that in its current form such a powerful instrument is merely old wine in new bottles. In fact, the difference between raising capital through an ICO is unfortunately not yet fundamentally different from the traditional raising of capital through crowdfunding,…
Bitcoin was created in the wake of the Global Financial Crisis. With financial systems in turmoil and trust in banks and regulators at an all-time low, many were drawn to the promise of an internationally viable currency free from centralized regulation. And while the global financial system has regained some stability, those features have only…
Last Spring, the executive branch of the European Union announced that it would be creating a blockchain observatory. It has been a long time coming, but today, the European Commission officially rolled out this project. The Commission has named the project the Blockchain Observatory and Forum. Essentially, the observatory will be used to expand the…
Hi Bryce, what is your background and how did you get started in the cryptocurrency space? I worked as a freelance writer and communications consultant for nearly a decade, with clients that include the Federal Government of Canada, Metalab, and numerous startups and agencies. My specialty is in making esoteric or highly technical concepts approachable…
On Friday, ETH sank below $1,000 for the first time in a week amid the intensifying global cryptocurrency sell-off that transpired over the past couple of days. Its price even dropped to as low as $758 at one point, but it managed to bounce back to around $898, as of 2:30PM PST. Now the question…
