Bitcoin

It’ll be up to card not present payment processors to ease the path toward acceptance of cryptocurrencies for subscriptions, and it could be another five years or more before any of that comes to fruition, writes Georg Richter, founder and CEO of OceanX.

Rep. Emanuel Cleaver, D-Mo., sent a letter to two virtual currency trade associations on Thursday asking them what their members are doing to prevent hate groups from using cryptocurrencies to finance themselves.

S&P lowers the bank’s rating to A-minus following Federal Reserve sanctions on growth; 13 are arrested after alleging defrauding banks of $530 million over seven years.

Like similar bans on using credit cards to buy stock and derivatives, banks would rather people use credit cards for other purposes than buying bitcoin, writes Alfred Duncan, a lecturer at the University of Kent.

Customers are now getting slapped with “cash advance” charges when using credit cards to buy Bitcoin and other virtual currencies.

The heads of the Securities and Exchange and Commodity Futures Trading commissions said they are not ignoring the fast-growing cryptocurrency sector and they have some oversight powers. But they indicated that they might need more.

Shares drop nearly twice as much as other bank stocks and the broader market; agency denies it’s looking to end the investigation into last year’s data breach.

The blockchains that likely prove the most durable and widely used will likely be those that have most effectively developed scalable protocols, writes Xiahong Lin, founder of Bodhi.

Bitcoin declined for a fifth day, breaking below $7,500 and leading other digital tokens lower, as Lloyds Banking Group Plc joined a growing number of big credit-card issuers halting purchases of cryptocurrencies on their cards.

The bank’s assets are capped at their current level of $1.95 trillion; Citi, JPM and B of A will no longer allow bitcoin purchases on their credit cards.