Tag: Banks

Even in 2020, Banks Will Still Prevent Access to Cryptocurrencies

Even in 2020, there are several banks around the world that will prevent customers from buying or selling cryptocurrencies. One way to circumvent those issues is by utilizing crypto debit cards, even though they rely on the banking system as well. Banks have always had a love-hate relationship with Bitcoin and other cryptocurrencies. Banks Still Fear Cryptocurrencies Some of these institutions will actively prevent any interaction between their service and …
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EU Law Prohibits Banks from Banning Transactions Concerning Cryptocurrencies

Cryptocurrencies have changed how online transactions are made and it may remain to do so in the next few years. Many people use cryptos like Bitcoin and altcoins like Ethereum, Litecoin, and DogeCoin in different ways. People mainly use these for online transactions as its quicker, safer, and somehow gives them anonymity as much as possible. Some would also use these to avoid the hassle that banks would give them …
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3 Smaller US Banks Failed Over the Halloween Period

A worrisome banking situation arises in the United States. In a matter of seven days, three banks have failed. The latest victim is City National Bank of New Jersey located in Newark. The past few years have not been easy for traditional banks. Their costs often outweigh profits, forcing them to make tough decisions. Those who simply cannot improve or innovate will ultimately meet their demise. A Rough Patch for …
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Bitcoin Price Watch: Bitcoin Endures a Small Rise

Bitcoin’s price has incurred a small jump. After yesterday’s trading lows of $6,600 – $6,900, the current mark for bitcoin’s price is just under $7,100 – a small, but noticeable step forward after what can be labeled a very tumultuous week. For the most part, however, cryptocurrencies remain in the red, with major bitcoin competitors like ether trading at just under $400 and litecoin sitting at about $116. Other currencies, …
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