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As Crypto Markets Drop, More Credit Card Providers Implement Bitcoin Ban

As Crypto Markets Drop, More Credit Card Providers Implement Bitcoin Ban

Thanks to a seemingly never-ending string of bad news items, many cryptocurrencies have lost half their value or more this year. While it remains unclear why prices popped this high, some have speculated that a single large investor was responsible for a high-volume trade.

They noted a Reuters article from September 2017 that detailed the Swiss government's efforts to shutdown E-coin over suspected fraud. One Peercoin coin can now be bought for approximately $2.93 or 0.00040332 BTC on exchanges including OpenLedger DEX, Bit-Z, Coingi and YoBit. Here's the latest price action and news from the cryptocurrency world.

Today's action is a similar story to what we're seeing in the stock market today.

Sashi Kumar, Managing Director of Indeed India, said about as much regarding blockchain technology, noting that although the sector is still "in a very nascent stage", the market is expected to reach $7.7 billion by 2022, "which is indicative of even more jobs being created in this sector in the future". Bitcoin represented 35.4% of the total cryptocurrency, market with a market capitalization of $126.22 billion.

Emercoin (EMC) traded 22.9% lower against the dollar and now trades at $2.74 or 0.00037695 BTC.

Bitcoin is down 68% off its all-time high of $19,600.

But in recent days, bitcoin has gone bust.

"The Treasury Secretary has been out in front on this", said CFTC Chair Christopher Giancarlo.




Banks in the USA and Great Britain have also joined the Bitcoin boycott, fearing the digital money's value will continue to drop.

Bitcoin and the cryptocurrencies are getting hit from all angles.

Cryptocurrencies have seen their value take a serious hit since the Federal Bureau of Investigation and Governments started to crackdown alleged fraud in fundraising by some cryptocurrency companies and traders.

However, David Coker, lecturer in accounting, finance and governance at Westminster Business School and former vice president of global risk management at Deutsche Bank, believes that despite sharp drops in price and growing hostility from banks and regulators, the Bitcoin market is maturing. He admitted that he didn't understand them well but questioned how they can be regulated and pointed out the abundance of cryptocurrency and ICO-related scandals.

Ethereum was also down a stagger 20 per cent, according to Coindesk. Roubini criticized Bitcoin bulls who were willing to "hold on for dear life" as volatility accelerates in the cryptocurrency space.

A United States man is now suing T-Mobile for a security breach that enabled hackers to access his mobile number and compromise his crypto-currency accounts to steal 2.875 Bitcoin, according to legal news service Law360.

It gives you real-time recommendations and price updates on only the best ways to make money now.

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