Bank of America Acknowledges the Threat Posed by Cryptocurrency

For all the inroads that bitcoin has made on the current financial system, it has yet to threaten their ascendancy. The CEOs of Paypal, Visa, and other legacy payment systems may have been monitoring the rise of cryptocurrencies, but they have not been losing sleep over them. Now, in a frank report to the SEC, … Read more

Islamic Republic of Iran to “Control and Prevent” Growth of Cryptocurrencies

جمهوری اسلامی ایران‎ The Islamic Republic of Iran has apparently changed course on cryptocurrency, or perhaps it has clarified its real position previously mischaracterized by the press. It’s increasingly difficult to get a real handle on the official status of crypto in the Persian homeland.   Also read: How To Regain Control From Nanny Zuck Iran … Read more

Coinbase Users Hit with Multiple Payment Card Charges – Is Visa to Blame?

Being one of the world’s most popular cryptocurrency exchanges is not something to take for granted. Coinbase has experienced first-hand how difficult it is to maintain this mantle. While the company tends to make a lot of media headlines, not all of them are positive. With users now complaining about being charged multiple fees for buying Bitcoin … Read more

Citibank India to Not Permit Card Customers Purchasing or Trading Crypto

Citibank India notified debit card and credit card clients via email on the 13:th of February they would no longer be able to participate in cryptocurrencies such as bitcoin. Citing regional and global concerns from regulators, the over a century old institution is following a growing number of traditional banks in cutting off access to … Read more

Will Bitcoin Become the New Visa?

Over the last 12 months, you’d be forgiven for thinking that Bitcoin has become the new black. It’s escaped the underground and is, at last, a household name. Disclosure: This is a Sponsored Article Now, for nothing more than a long number, you can book flights to the other side of the world, buy a … Read more

Bank of America Becomes the Latest Credit Card-Issuer to Ban Bitcoin

U.S. banks really aren’t big on bitcoin. That’s the inference to be drawn from a widespread crypto crackdown led by major financial institutions. Bank of America, the country’s second largest bank, is the latest player to give bitcoin the thumbs down, joining JP Morgan Chase and Citigroup in seeking to distance itself from cryptocurrency purchases … Read more

Discover Card’s 44 Million Customers Denied Crypto

The credit card company crypto squeeze continued this week with Discover Card announcing it would not allow its customers to use their card on cryptocurrency exchanges. It’s the latest in a string of credit card purveyors to block access. Also read: Tezos Swiss Foundation Concept is “Old, Inflexible and Stupid” Discover Card Removes Doubt: No Crypto … Read more

Visa and Mastercard Now Charge an Additional Fee for Buying Cryptocurrency

There are many reasons why so many people use the Coinbase exchange. One of the main factors is that the company supports both credit and debit cards to buy Bitcoin and other supported currencies. Unfortunately, it seems there are some issues with these payment methods. A lot of customers have complained about extra charges when using a … Read more

Stripe is Withdrawing Support for Bitcoin Payments

Payment processor Stripe is halting bitcoin support. Declaring that “there are fewer and fewer use cases for which accepting or paying with Bitcoin makes sense,” the online payments specialist is calling it a day on cryptocurrency for the time being. Over the past month, a handful of other companies have also rolled back bitcoin support, … Read more