U.S. Banks ban Crypto purchase via Credit Cards

241 0 U.S. banks Bank Of America, Citigroup, JP Morgan, Capital One and Discover banned their customers from purchasing cryptocurrencies in a move intended to decrease both financial and legal risk. The effect spilled over to the other side of the Atlantic with U.K. banking group, Lloyds following suit. Although cited as a financial and […]

Australian Banks confirm no ban on buying Cryptos

257 0 Unlike their British and American counterparts, Australian banks issued statements about not blocking customer transactions for buying Bitcoin and other cryptocurrencies. While Westpac and ANZ expressed to ABC news that no crypto transactions would be blocked, National Australia Bank suggested it might not allow certain cryptocurrency transactions to proceed if security concerns arise. […]

US Senate hearing has positive effect on Crypto Market

242 0 The cryptocurrency market saw green last week after the horrors of ‘Black Tuesday’(January 16th) when the SEC & CFTC hearing in US Senate on future of virtual currencies turned out to be surprisingly positive. Although no consensus was reached on the exact regulations regarding cryptos, it was acknowledged that blockchain or distributed ledger […]