Various banks have begun preventing customers from purchasing cryptocurrencies with their payment cards. It seems this trend will not slow down anytime soon. Scotiabank is the latest institution to take this aggressive course of action, even though their reasons for doing so may raise a lot of questions in the end. Scotiabank Blocks Cryptocurrency Purchases It has almost become a global trend at this point. Banks all over the world have made it more difficult for their clients to purchase cryptocurrencies through convenient payment methods. While bank account transfers remain possible at this time, the use of credit cards isPowered by WPeMatico
It is always interesting to see how people try to scam cryptocurrency users. It is a trend that will not go away anytime soon, yet people have shown an impressive degree of creativity in this regard. One of the “older” scams going around involves the supposed building of a church in the name of Jesus Christ. This effort requires Bitcoin donations, and it’s being advertised on Craigslist. The Lord Wants Your Bitcoin While it is certainly possible that legitimate efforts exist to build a new church funded entirely by Bitcoin donations, it does not appear this infamous Craigslist advertisement is one of
As the saying goes, don’t keep all your stablecoins in one basket. Over-reliance on tethers could prove costly to an exchange such as Bittrex if U.S. regulators were to crack down on the controversial stablecoin. This week, Bittrex added a second stablecoin in the form Trueusd, in a move seen as a hedge against future […]
Two Russian-based social networking platforms have announced they are now accepting cryptocurrency payments. Vkontakte, the most popular social media among Russian-speaking users, and Odnoklassniki, which has many subscribers in former Soviet states, will take bitcoin from advertisers. They also intend to start paying developers and partners in cryptocurrency. Also read: Russian Supreme Court to Decide […]
Things continue to look rather bleak in the world of cryptocurrency as of right now. Most markets are still in the red, although we see a few altcoins pushing back. The VeChain usually does well in times of market adversity, and this time around is no different. With a solid 5.62% VeChain price increase, it is the first top 20 market to note solid gains over Bitcoin and Ethereum as of today. VeChain Price Starts Mounting a Comeback It is always interesting to see how altcoins perform when the going gets tough for Bitcoin. Although Bitcoin will remain the world’s
The cryptocurrency markets are always evolving in many different directions. Right now, the overall sentiment is pretty depressing, as the markets have gone down in value for quite some time now. With some markets losing 10% in value or more, things are not looking all that great. Especially the Ethereum price is struggling as of right now, for some reason. Ethereum Price Struggle Continues Anyone who has paid attention to cryptocurrency markets this year will have noticed things are not going exactly as planned. This is especially true for people who have high hopes for the Ethereum price, as things have
The controversial owner of the web portal Bitcoin.org and Bitcointalk, an anon named ‘Cobra Bitcoin’, has been a popular subject within the cryptocurrency community lately. It’s strange that a person who nobody really knows has so much control within the BTC community, and lately his messages have been very cryptic, even making some believe his […]
It has become painfully evident that not all initial coin offerings are created equal. While it is only normal that not every single venture will be completely professional, one would expect a decent standard of quality from companies trying to raise millions of dollars. Unfortunately, that is not always the case, as Miroskii has seemingly hired a Ryan Gosling lookalike as a graphic designer. What is Going on With Miroskii? While it is commendable to see yet another project attempt to disrupt the financial sector, the way Miroskii is going about things looks less than honest. Its business plan appears to be relatively solid, although some
Over the past few months, we have seen quite a few interesting ICO projects which are unlike what anyone would expect. These so-called transparent Ponzi ICOs have made quite an impact on the market, although it seems quite a few people are still investing in them as of right now. MIGS is another one of those “honest” ICOs which tries to get a point across. The MIGS ICO in a Nutshell The MIGS ICO is essentially a project designed to show how easy it is to create a Ponzi-style ICO on top of Ethereum. We have seen quite a few such
The Bittrex exchange is heading in a rather interesting direction. While the company is looking to make a positive impact, its updated terms of service will undoubtedly raise a lot of questions. More specifically, prohibiting customers in sanction-ridden countries from using this platform sets a dangerous precedent. Bittrex Makes Another Interesting Change In the past year or so, things have evolved in an interesting direction for the Bittrex exchange. More specifically, the company made it clear that users who had not verified their accounts would have lower withdrawal limits. Although that change was communicated well in advance, the company still faced a lot of