Bitstamp announced Bitcoin Cash trading pairs

The exchange will launch three trading pairs: BCH/USD, BCH/EUR, and BCH/BTC in December
24 November 2017   554

Bitstamp, a bitcoin cryptocurrency exchange, have decided to provide trading support for the following three pairs: BCH/USD, BCH/EUR and BCH/BTC. The start is expected in the first week of December.

We have enabled Bitcoin Cash to meet our customer demands. Since we always try to remain neutral we didn’t have any unusual reservations, but we did want to make time to see how the market responded.

 

Nejc Kodrič

CEO, Bitstamp

Now Bitcoin Cash retains the third position in the market cap ranking and is currently trading near $1,570 per coin. As a consequence, more services are setting up support for bitcoin cash.

Bank of America: Cryptocurrencies Are a Threat

Bank of America (BoA) has admitted to US regulators it can not pretend any longer that cryptocurrencies are not a threat
23 February 2018   136

On February 22, the report was filed with the US Securities and Exchange Commission (SEC). It listed a range of economic, geopolitical, and operational risks that the Charlotte, NC-based bank faces as it heads into the new fiscal year. Crypto adoption was on the list for the first time.

Bank of America (BoA), which recently banned purchasing of crypto with credit cards, stated that this and other similar policies could cost the bank clients.

Clients may choose to conduct business with other market participants who engage in business or offer products in areas we deem speculative or risky, such as cryptocurrencies.

The second largest bank in the U.S. said that adoption of cryptocurrencies could require the bank to make “substantial expenditures” to update its existing services and remain competitive with upstart firms.

The widespread adoption of new technologies, including internet services, cryptocurrencies, and payment systems, could require substantial expenditures to modify or adapt our existing products and services.

According to the Bank of America, cryptocurrencies could limit the institution’s ability to comply with anti-money laundering regulations.

Eventually, this is one of the first public admissions that financial institutions are beginning to worry that mass cryptocurrency adoption could one day become a reality.