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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Will Regulators and Banks kill Bitcoin?

2018 has not started well for Bitcoin as the cryptocurrency started the year with 2 weeks of losses and last week we had four days of straight losses from Monday to Thursday.     Shock News for Bitcoin Banking   The year started off with a shock as Visa suspended a number of prominent cryptocurrency card providers without any notice, leaving some customers without cash. Some of the well-known companies affected were Cryptopay, Bitwala, Xapo, Bitstamp and many others. Bitwala also reported that their bank facilities were suspended with immediate…

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What is Swiss Bank in Your Pocket?

As the value of cryptocurrency is increasing of late, it is vital to keep our cryptocurrency as safe as possible, for example, in a Swiss Bank In Your Pocket.  Bit-Media interviewed the company to find out more about the product behind the intriguing name.     Bit-Media: – So what is a Swiss Bank in Your Pocket? SBIYP: – Swiss Bank In Your Pocket is a suite of crypto banking applications that comes with a hardware key to make it a safe and secure environment to send and receive cryptocurrencies.…

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