05/01/18 Crypto Recap
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.
---------------------------------------------------------------------------------------------
Follow me on Medium and Steemit for more news about all things crypto and daily updates. :)
If you wish to engage in trading/buying cryptocurrencies follow this guide.
@originalworks
The @OriginalWorks bot has determined this post by @guidescrypto to be original material and upvoted it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
Ah, I see. Yeah I saw this announcement. Hard to say if it'll happen or not though. My cousin runs a company that routinely works with F500's. It's not as easy as saying they 'plan' to do it. Plans change, trends change, market conditions change. It's not bad news for Ripple, but it's FAR from a 100% guarantee.
the moment the ripple team doesn't do what they say they'll do, once or twice, im out! There's a certain credibility they have and I expect them to sustain otherwise it'll harm them. I don't expect them to gain all 3 on board as its not really in their hands but at least one.
I hear you dude! Full respect on your decisionmaking. Not a coin I'm willing to gamble on is all. More excited about other projects!
same, its only 10% of my holdings. I've put more into XLM and TRX, interested in what you're excited about
BAT, FUN, BTC, ETH, NEO, IOTA, REQ is my stack right now. I can't get behind TRX and the founder spending 24/7 pumping his coin instead of working on Twitter.
Pumping is fine if you deliver, so far everytime he says he going to announce something, it happens so I'm not complaining.
Your Post Has Been Featured on @Resteemable!
Feature any Steemit post using resteemit.com!
How It Works:
1. Take Any Steemit URL
2. Erase
https://3. Type
reGet Featured Instantly – Featured Posts are voted every 2.4hrs
Join the Curation Team Here