China plans to ban Bitcoin and Cryptocurrency Mining – Cudo Ventures comments

China’s Economic Planning Body Labels Bitcoin Mining an ‘Undesirable’ Industry   The Chinese Economic Planning Body has recently announced that it wants to eliminate Bitcoin mining in the country. A target date or plan for how to eliminate Bitcoin mining has not been set, meaning that such activities could be phased out immediately.     Matt Hawkins, CEO at Cudo Miner, comments on what effect China’s planned ban on cryptocurrency mining will have on the Bitcoin network and cryptocurrencies in general.   Matt Hawkins, CEO, Cudo Miner says: We have…

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Mailchimp follows Facebook, Google and Twitter to shut down ICO and Blockchain-related emails

Yet another blow to the cryptocurrency and ICO market as Mailchimp announces a policy change shutting down Blockchain and ICO related accounts.   Reported by Futurism, Mailchimp announced the change via email and customers are “freaked out”.  They also stated that they reached out to Mailchimp to get to the bottom of this policy change:-     Mailchimp reiterated its updated Acceptable Use Policy, which states that the company “does not allow businesses involved in any aspect of the sale, transaction, exchange, storage, marketing, or production of cryptocurrencies, virtual currencies,…

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British Banks Join Bitcoin Crackdown

  It was reported on the front page of the Telegraph that Britain’s biggest bank, Lloyds Banking Group will on Monday tell its 9 million credit card customers that it will block any attempts to buy Bitcoin after the digital currency lost more than half its value in just two months.     This crackdown comes after major US Banks, including JP Morgan Chase, Bank of America and Citi Bank announced last week that they would ban credit card purchases of Bitcoin.   Banking woes for Bitcoin have been one…

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