Monday Crypto News Recap - Summary articles quick look!
All Eyes on Tether Amid Crypto Pull Back
Summary:Tether is under the spotlight amid a massive pullback in the cryptocurrency market.
The top 50 cryptocurrencies saw massive price corrections last week, coming to a head on Feb. 2. The total market capitalization dropped to just over $400 bln at the time of writing- amid massive uncertainty across the board. Almost overshadowed, but not forgotten, is the news that Bitfinex along with Tether received subpoenas from US regulators in December, who have had their eyes on the exchange and cryptocurrency.
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Ban Complete: China Blocks Foreign Crypto Exchanges To Counter ‘Financial Risks
Summary: China will add offshore cryptocurrency exchanges and ICO websites to its Great Firewall, the South China Morning Post reported Monday, reported Feb. 5, quoting a publication affiliated with the People’s Bank of China (PBoC).
Regulators in China reportedly voiced dissatisfaction with current measures restricting trading on domestic exchange sites, coming to a decision to block foreign sites as well to counter “financial risks”.
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Britain’s Largest Bank Bans Credit Card Purchases Of Cryptocurrencies
Summary: Lloyds Banking Group, the largest bank in the UK, has become the first major credit card provider in the country to ban its customers from using credit cards to buy cryptocurrencies, the Daily Telegraph reported today, Feb. 5.
Their ban follows directly on the heels of J.P. Morgan Chase, Bank of America, and Citigroup’s identical decision yesterday to ban credit cards purchases of cryptocurrencies for their customers.
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UNICEF Asks PC Gamers To Mine Ethereum And Donate To Syrian Children
Summary: NICEF (United Nations International Children’s Emergency Fund) has started a new kind of charity drive for Syrian children, asking PC gamers to use their computers to mine Ethereum and donate their earnings.
The two-month long charity campaign that began Feb. 2, dubbed Game Chaingers, is aimed at gamers that use high level graphics cards capable of cryptocurrency mining, turning the cards into “humanitarian tool[s]:”
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