Major British Credit Card Issuers Ban Customers From Buying Cryptocurrencies

Major British Credit Card Issuers Ban Customers From Buying Cryptocurrencies Britain’s largest banking group is banning its credit card customers from buying cryptocurrencies including bitcoin. Credit card issuers that are banning crypto transactions include the UK’s largest retail bank, Lloyds Bank, Bank of Scotland, Halifax, and MBNA. Largest British Banking Group Banning Crypto Britain’s largest…

Study Finds Little Correlation Between Tether Printing and Bitcoin’s Price

Study Finds Little Correlation Between Tether Printing and Bitcoin’s Price Over the past few months there’s been a lot of internet chatter concerning the digital currency tether (USDT) and whether or not it’s really backed by U.S. dollars. Further, there’s been skeptics, speculators, anonymous Twitter handles, and well-researched reports that claim tether printing moved the…

Most Korean Crypto Exchanges Unable to Use Government-Mandated System

Most Korean Crypto Exchanges Unable to Use Government-Mandated System The majority of cryptocurrency exchanges in South Korea are unable to use the new government-mandated system which was recently implemented. Six major banks have installed the real-name system, but only three have decided to offer the service to crypto exchanges. In addition, only the country’s top…

Traditional Markets Nosedive, Following Bitcoin’s Own Slump Below $7k

Traditional Markets Nosedive, Following Bitcoin’s Own Slump Below $7k The Dow Jones Industrial Average dropped more than 1,100 points Monday, Feb. 5 to its lowest point since 2011, while Bitcoin (BTC) also dipped below $7000 for the first time since November. The market dive took place around 2:40 pm EST, with reported trading volume at almost double the 30-day average, according…

Texas Hits Another Crypto Lending Platform with Cease-and-Desist

Texas Hits Another Crypto Lending Platform with Cease-and-Desist Texas’ securities agency has issued another cryptocurrency-focused emergency cease-and-desist order, this time against a lending scheme called DavorCoin. In its latest filing, signed Feb. 2, the Texas State Securities Board (TSSB) alleges DavorCoin has been issuing unregistered securities with fraudulent and misleading information to lure potential investors. The…

Singapore Airlines To Launch ‘First’ Blockchain Loyalty App Among Competitors

Singapore Airlines To Launch ‘First’ Blockchain Loyalty App Among Competitors Singapore Airlines will release a “groundbreaking” Blockchain-based app for frequent flyers by August 2018. In a press release issued Monday, Feb. 5, the airline announced a Blockchain-based app for its KrisFlyer program had passed a “successful proof-of-concept exercise” with Microsoft and KPMG Digital Village. Now looking to sign up Singapore-based merchants,…