Bitcoin Ban Expands Across Credit Cards as Big U.S. Banks Recoil

February 4, 2018

A growing number of big U.S. credit-card issuers are deciding they don’t want to finance a falling knife. JPMorgan Chase & Co., Bank of America Corp. and Citigroup Inc. said they’re halting purchases of Bitcoin and other cryptocurrencies on their credit cards. JPMorgan, enacting the ban Saturday, doesn’t want the credit risk associated with the transactions, company spokeswoman Mary Jane Rogers said. Bank of America started declining credit card transactions…

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Critics say stablecoin Tether is a scam. That could spell doom for Bitcoin.

February 3, 2018

Not looking good.Image: Ulrich Baumgarten/Getty Images Bitcoin has been on a run. Despite its recent dip, the cryptocurrency has impressed skeptics and believers alike in its monumental rise in value since its creation nine years ago. But all that could be on the verge of change.  Because while the argument rages on as to whether Bitcoin is in fact a currency or a store of value, one question looms large…

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