Today's News
- VISA Suspends WaveCrest status
- Ripple (XRP) to be intergrated into 3 money transfer firms
- Developers of Dogecoin Reply
- Indian Citizens keep investing in Crypto Despite Government's Warning
Visa Suspends WaveCrest Status
A great many of Visa’s cryptocurrency debit cards have ceased working today as the company ended its relationship with a debit card provider called WaveCrest. Affected cards are those issued by WaveCrest, including products from CryptoPay, Bitwala, TenX, Wirex and others.
"We can confirm that WaveCrest’s Visa membership is being terminated due to continued non-compliance with our operating rules. All of WaveCrest’s Visa card programmes will be closed as a result.
Visa has other approved card programmes that use fiat funds converted from cryptocurrency in a number of jurisdictions. The termination of WaveCrest’s Visa membership does not affect these other products.”
Ripple (XRP) to be intergrated into 3 money transfer firms
View Article.
Developers of Dogecoin Reply
“I have a lot of faith in the Dogecoin Core development team to keep the software stable and secure, but I think it says a lot about the state of the cryptocurrency space in general that a currency with a dog on it which hasn’t released a software update in over 2 years has a $1B+ market cap.”
“THE FACT THAT MOST CONVERSATIONS HAPPENING IN THE MEDIA AND BETWEEN PEERS FOCUS ON THE INVESTMENT POTENTIAL IS WORRYING, AS IT DRAWS ATTENTION AWAY FROM THE UNDERLYING TECHNOLOGY AND GOALS THIS MOVEMENT WAS BASED [ON].”
Indian Citizens keep investing in Crypto Despite Government's Warning
This week, Finance Minister Arun Jaitley reiterated in Lok Sabha that cryptocurrencies are not legal tender in India. Last week, the finance ministry issued a warning, stating that they are “like Ponzi schemes.” Several parliament members also expressed concerns over their trading at crypto exchanges. Meanwhile, the Reserve Bank of India (RBI) has issued multiple warnings of its own. Last year, the bank issued two warnings regarding cryptocurrencies, one in February and one in December.
“The cryptocurrency craze has increased so much that there is a long waiting for registration” at crypto exchanges, the India Times reported on Thursday.
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