#CryptoCorner: #Coinbase Announces #Ethereum Classic Listing and Causes Price Surge, #Binance to Allow Fiat-to-Crypto and Wells Fargo Bans Crypto Purchases
#CryptoCorner: #Coinbase
Announces #Ethereum Classic Listing and Causes Price Surge, #Binance to Allow
Fiat-to-Crypto and Wells Fargo Bans Crypto Purchases
Point Roberts, WA, Delta BC – June 12, 2018 - Investorideas.com, a leader in crypto and
blockchain investing news reports on what’s driving the cryptocurrency markets
with today’s edition of Crypto Corner.
Read this in full at http://www.investorideas.com/news/2018/crypto-corner/06121CoinbaseEthereumBinanceWellsFargo.asp
Coinbase Announces Ethereum Classic Listing and Causes Price Surge,
Binance to Allow Fiat-to-Crypto and Wells Fargo Bans Crypto Purchases
Coinbase announced that it was in the final stages
of adding support for Ethereum Classic (ETC) in a blog post yesterday. The crypto exchange giant expects to announce a launch date
for the Ethereum fork in the “next few months”. In response, ETC’s price has surged
22.5 percent in the last day according to data from CoinMarketCap. This is at odds with most of the rest of the crypto market, which has
been relatively stagnant in the last 24 hours after plunging $40 billion USD on
Sunday.
Binance, the world’s second-largest crypto exchange
by trade volume, will allow fiat to crypto trading through a “separate
Malta-based exchange” according to a report on Cointelegraph. The piece states that a representative from Binance clarified news
from Bloomberg in an interview with Cointelegraph:
While
Bloomberg
reported today that Binance will “soon allow customers to convert digital
tokens into fiat currencies”, a Binance representative clarified to Cointelegraph
that “Binance.com is a pure crypto-to-crypto exchange.” They confirmed that
crypto-fiat trading will only be offered through a separate local exchange the
company is opening in Malta. Binance Malta will most likely begin fiat trading
with a euro-Bitcoin (BTC) pair, the representative told Cointelegraph.
Fortune
reports that U.S. bank Wells Fargo has joined the growing list of banks that
will no longer allow customer to buy crypto using its credit cards. The bank,
which is the U.S.’s third largest by assets, follows Bank of America, Citi and
J.P. Morgan in banning crypto purchases. The piece quotes a Wells Fargo
spokesperson on the decision:
“Customers can
no longer use their Wells Fargo credit cards to purchase cryptocurrency. We’re
doing this in order to be consistent across the Wells Fargo enterprise due to
the multiple risks associated with this volatile investment. This decision is
in line with the overall industry.”
Sam Mowers, Investorideas
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