Banking giant Wells Fargo has become the latest financial institution to ban its customers from using their credits cards to buy cryptocurrency. Fortune reports that Wells Fargo — the third-largest US bank with nearly $2 trillion in total assets as of the end of last year — will begin declining transactions made at known cryptocurrency exchanges and brokerage platforms with bank-issued credit cards. “Customers can no longer use their Wells Fargo credit cards to purchase cryptocurrency,” a bank spokesperson said in a statement Monday. “We’re doing this in order to…

Binance, the most important Exchange in the world according to trading volume, would be close to offering its users the possibility to trade cryptos with a Euro pair The use of crypto-fiat trading pairs is something that many exchanges try to avoid due to fear of regulations; however, many users repeatedly requested this option to freeze their funds or carry out other financial strategies. It should be noted that Binance recently announced that it would move its headquarters to Malta, a country with a crypto-friendly policy, making easier the legal…

Binance is the biggest cryptocurrency exchange in the world. Although it gets a lot of credit from Bitcoin and altcoin enthusiasts, the financial industry still remains on the fence about this firm. The launch of Binance’s new investment fund, on the other hand, will undoubtedly attract a lot of attention. It has become apparent that Binance is about so much more than just cryptocurrency trading. Although that will always remain the company’s main bread and butter, the firm is slowly branching out into other ventures as well. Its recent partnership…

Any news with respect to Cryptocurrency adoption is welcome news and especially during this time period of market turmoil that has seen Bitcoin (BTC) drop to the lower levels of $7,000. The King of Crypto is currently trading at $7,228 at the moment of writing this. Ethereum (ETH) is now trading at $533 with Ripple (XRP) dropping to levels below 60 cents and trading at $0.574. These top three coins are beloved to many and they are also being accepted as a form of payment for the purchase of a…

People’s Republic of China (PRC) was one of the first governments to ban bitcoin, cryptocurrency. Now, the PRC is the first country to come out with official government crypto rankings. Its China Center for Information Industry Development (CCID) used three filters through which coins would be judged: innovation, technology, application. Rather surprisingly to some enthusiasts, bitcoin core (BTC) didn’t even crack the top ten, while bitcoin cash (BCH) almost didn’t make the list at all. China Lists Ethereum as Best in Crypto Class In what is either widely being referred…

A Bank In Argentina has revealed that starting Monday it will enable customers to send cross-border payments using bitcoin. A partnership with Latin America-focused exchange startup Bitex, founded in 2014, the news finds the regional bank using bitcoin as a payments rail in international transactions as an alternative to Swift. Bitex chief marking officer Manuel Beaudroit told CoinDesk that the startup believes this marks the first time that a domestic bank has adopted bitcoin for cross-border payments. In statements, Jose Dakak, principal shareholder of Masventas, credited the move to a…

Japan’s Mitsubishi UFJ Financial Group or MUFG is planning to launch its own cryptocurrency called MUFG Coin by 2019, reports said. The fifth-largest bank in the world by assets is planning a large-scale trial that will involve nearly 100,000 account holders who apply to take part. MUFG Coin is designed to offer currency functionality, especially for retail purchases. In the test, an app will be installed on participants’ smartphones that converts their deposits into the digital currency. One MUFG coin is said to be worth 1 Japanese yen. According to…