Bankoff Crypto Cards Suspended Amid High Volume of Russian Transactions

Post Views: 331 Bankoff, a platform offering virtual cards that could be topped up with cryptocurrency, has told customers its cards are no longer supported by payment systems Visa and Stripe. They allowed Russians to pay abroad after major processors restricted their services in the country. “It means our cards are no longer supported for…

Joe Rogan: Bitcoin Is Now a Viable Currency and the Government Is Freaking Out

Post Views: 320 Joe Rogan, the host of The Joe Rogan Experience, likens bitcoin to the early internet. Noting that now the cryptocurrency is “a viable form of currency” that “You can actually buy things with,” he said, “the government is freaking out.” Famous podcaster Joe Rogan, the host of The Joe Rogan Experience, talked…

Bitcoin’s Hashrate Taps an All-Time High, Next-Gen Machine Deployment Could Push it Much Higher

Post Views: 311 Bitcoin’s hashrate has once again reached an all-time high (ATH) this year, as the network’s processing power reached 275.01 exahash per second (EH/s) on May 2, 2022. The recent ATH follows a significant difficulty jump on April 27, and bitcoin’s value lost 6.2% against the U.S. dollar over the last two weeks….

Weiss Ratings Report Claims Crypto-Backed Home Loans Spell Trouble

Post Views: 315 A report published on May 2 by the rating agency Weiss Ratings warns that crypto-backed mortgages “spell risk.” Weiss editor Jon D. Markman said backing a mortgage with crypto is an “interesting strategy,” but stressed that during these market conditions “investors should be skeptical.” “Pooling risky home loans, then selling them to…

Uganda Central Bank Tells Licensed Entities to Stop Facilitating Crypto Transactions

Post Views: 320 The Ugandan central bank has warned licensed entities and the public against facilitating crypto-related transactions as well as the practice of converting cryptocurrency into mobile money and vice versa. The central bank warned it will not hesitate to act against entities found to be in breach of the country’s laws. The central…

Tesla CEO Elon Musk Gives Investment Advice He Says ‘Will Serve You Well in the Long Term’

Post Views: 296 Tesla and Spacex CEO Elon Musk has shared his recommended investment strategy, which he believes “will serve you well in the long term.” Some people noted that Musk’s strategy is similar to one adopted by Berkshire Hathaway CEO Warren Buffett. Tesla and Spacex CEO Elon Musk gave some investment advice Sunday, noting…

Banco Galicia Becomes First Bank to Introduce Crypto Trading in Argentina

Post Views: 330 Banco Galicia, one of the largest financial institutions in Argentina, has introduced cryptocurrency trading as part of the services it is currently offering to customers. Users interested in investing in cryptocurrency are already able to purchase four different crypto assets directly from the home banking app of the financial institution, making it…