I offer a brief forecast of three cryptocurrency pairs for Tuesday, January 16, 2018
UK investors can't get a mortgage. Several lenders refused to cooperate, even after investors converted Bitcoin to fiat and provided proof of income.
To mine cryptocurrencies in 2018, miners will need about 140 terawatt-hours of electricity. In terms of the volume of energy resources consumed, this is comparable to the electricity consumption of a country such as Argentina.
Speaking at a banking event today, the head of the central bank of Singapore predicted an imminent collapse of the cryptocurrency market and expressed hope that blockchain technology will be able to survive this crisis.
Nordea Bank AB has assets of more than one and a half trillion dollars and is one of the largest banks in Northern Europe. Bank executives have long been known to be concerned about cryptocurrency and its lack of regulation, and have recently complained that Bitcoin has been allowed to exist in Europe without being integrated into the traditional banking system.
Many banks do not allow their clients to conduct transactions with cryptocurrencies. This is not prudent because people should be able to spend their money however they want. The list of banks that block cryptocurrency transactions is growing, and Capital One is one of the latest on the list. Many social media users are already openly expressing outrage about this.
Chinese New Year, South Korean bans, the power of “whales”: what is the reason for the fall of Bitcoin?
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