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Xapo Suspends Credit Card Crypto Purchases, Shifts Operations to Gibraltar
12.6.2020
Xapo is making changes as it transforms into a digital bank launching later this year
JPMorgan to Pay $2.5 Million to Settle Lawsuit for Overcharging Crypto Fees
28.5.2020
JPMorgan Chase has reportedly agreed to pay $2.5 million to settle a crypto class-action lawsuit. Originally filed in 2018, the suit alleges that the bank overcharged customers for buying cryptocurrencies using Chase credit cards, classifying the purchases as cash advances. JPMorgan Settles...
Retail Investors Branch to Altcoins: ‘60% of Coinbase Customers Start With Bitcoin, Only 24% Stick Exclusively’
20.5.2020
On May 13, the San Francisco-based cryptocurrency exchange, Coinbase published a report that shows digital currency investors are investing in alternative cryptocurrencies despite bitcoin’s 67% market dominance. Data from Coinbase shows that customers with at least five crypto purchases...
Huobi Wallet Now Allows Crypto Credit Card Purchases Through Simplex
19.5.2020
The wallet of cryptocurrency exchange Huobi now allows users to buy cryptocurrencies with credit and debit cards
Binance Announces Up to 10% Cashback on Purchases via “Pay with Bank Card” Service
25.4.2020
World’s largest crypto exchange Binance announced on Saturday that the users would get up to 10% cashback on all the crypto purchases made via the “Pay with Bank Card” service. The users will get daily bonuses on a first-come, first-serve basis, the details of which were further given in the tweet:...
Merchant Services, Gambling, and Darknets: Coronavirus Economy Stunts Cryptocurrency Spending
3.4.2020
A lot has changed since the coronavirus pandemic swept the globe as it has caused a wide range of negative effects on the world’s economy. On March 30, the blockchain surveillance firm Chainalysis published a report that shows how the cryptoconomy is faring from merchant acceptance...
Crypto.com Waives Credit Card Fees for Crypto Purchases for 3 Months
1.4.2020
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Crypto.com Waives Credit Card Fees for Crypto Purchases for 3 Months
Additionally, up to 20% back on essential purchases (food, groceries and delivery)
<HONG KONG, April 2, 2020> - Crypto.com announced...
Opera Browser Enables Apple Pay and Debit Card Crypto Purchases in the US
17.3.2020
Opera desktop and mobile browsers for both Android and Apple iOS will support direct crypto purchases of Bitcoin and Ether for U.S. users
Bitcoin Reacts to Fed’s 0% Rate Drop, Reserve Requirements Removed, $700B in Stimulus
16.3.2020
On Sunday, the U.S. Federal Reserve slashed the benchmark short-term rate by 100 basis points bringing it to zero. In addition to the rate cut, the Fed promised $700 billion in bond purchases and eliminated all reserve requirements for smaller financial institutions. However, the Fed’s rate...
Chase Bank Settles Suit Over ‘Sky-High’ Credit Card Charges for Crypto Purchases
12.3.2020
The bank had allegedly charged the plaintiff over $160 in fees and interest for regularly purchasing cryptocurrencies
JPMorgan Chase Settles in Suit Over Credit Card Crypto Purchases
12.3.2020
JPMorgan Chase has settled a $1 million lawsuit with three men over abrupt changes made to its credit card fees for crypto purchases in 2018
Binance Adds Support for Instant Crypto Purchases With Russian Ruble
5.2.2020
Binance has enabled instant card purchases of four major digital currencies with the Russian ruble
Lisk Foundation Unveils List of Top Exchanges for Lisk Purchases
29.1.2020
Having established itself as a highly acclaimed open-source blockchain application and sidechain platform, the Lisk Foundation has released the list of the world’s most prominent crypto exchanges that offer the possibility to buy Lisk. The list includes twelve cryptocurrency exchanges from around...
Bitpay Users Can Now Purchase Crypto With Fiat In-App
25.1.2020
On January 23, the cryptocurrency payment firm Bitpay announced it will be allowing customers to purchase digital assets using the Bitpay platform. The Atlanta-based company partnered with fiat-to-crypto payment processor Simplex to offer the crypto purchasing experience. Bitpay says the latest...
Central Bank Gold Hoarding Hits 50-Year High
30.12.2019
While dozens of the world’s economic leaders participate in extreme monetary easing policy, central banks have also been hoarding gold. Central banks accumulated over 668 tons in gold purchases this year, which is more than 2018’s record numbers. In fact, the key drivers in gold demand...
Germans Rush to Buy Gold as Draft Bill Threatens to Restrict Purchases
27.12.2019
Reports have emerged depicting long lines in front of a physical gold sales location in Germany, in view of pending legislation which would once again lower the anonymous purchase limit, this time from €10,000 to €2,000. The last drop happened in 2017 when the limit was set...
Uzbekistan Tightens Norms for Crypto Dealing; Bans Purchases
24.12.2019
The residents of Uzbekistan will not be able to indulge in the purchasing of digital currencies from the licensed cryptocurrencies exchanges operating in the country in accordance with the latest regulatory amendments being introduced by the National Agency for Project Management on December...
Poles Hit With Backdated Tax on Crypto Trades
16.12.2019
Crypto traders in Poland have been unpleasantly surprised with a controversial tax they thought they wouldn’t have to pay. The Civil Law Transactions Tax (PCC) is applicable to digital asset trades conducted before the introduction of last year’s moratorium on its collection, the Polish...
Binance Joins Hands With Paxful to Streamline Bitcoin Purchases
14.12.2019
Headquartered in Malta, Binance crypto exchange, which takes pride in being one of the world’s leading trading platforms, has broadcasted the news about its new strategic collaboration with Paxful, the leading P2P platform that facilitates seamless Bitcoin purchasing for the users. On Thursday,...
Croatia’s Karic Automobili Now Allows Crypto Payments for Car Purchases
5.12.2019
Croatia’s auto company Karic Automobili has announced that it would now accept cryptocurrency payments while purchasing all car models. It has thus become the first auto dealer who has initiated crypto payments in the auto sector of Croatia. Karic Automobili is an authorized dealer and service...