#CryptoCorner: #Coinbase Announces #Ethereum Classic Listing and Causes Price Surge, #Binance to Allow Fiat-to-Crypto and Wells Fargo Bans Crypto Purchases

Point Roberts, WA and Delta, BC - June 12, 2018 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news reports on what's driving the cryptocurrency markets with today's edition of Crypto Corner.

Crypto Corner - June 12, 2018

Coinbase Announces Ethereum Classic Listing and Causes Price Surge, Binance to Allow Fiat-to-Crypto and Wells Fargo Bans Crypto Purchases

Coinbase announced that it was in the final stages of adding support for Ethereum Classic (ETC) in a blog post yesterday. The crypto exchange giant expects to announce a launch date for the Ethereum fork in the "next few months". In response, ETC's price has surged 22.5 percent in the last day according to data from CoinMarketCap. This is at odds with most of the rest of the crypto market, which has been relatively stagnant in the last 24 hours after plunging $40 billion USD on Sunday.

Binance, the world's second-largest crypto exchange by trade volume, will allow fiat to crypto trading through a "separate Malta-based exchange" according to a report on Cointelegraph. The piece states that a representative from Binance clarified news from Bloomberg in an interview with Cointelegraph:

While Bloomberg reported today that Binance will "soon allow customers to convert digital tokens into fiat currencies", a Binance representative clarified to Cointelegraph that "Binance.com is a pure crypto-to-crypto exchange." They confirmed that crypto-fiat trading will only be offered through a separate local exchange the company is opening in Malta. Binance Malta will most likely begin fiat trading with a euro-Bitcoin (BTC) pair, the representative told Cointelegraph.

Fortune reports that U.S. bank Wells Fargo has joined the growing list of banks that will no longer allow customer to buy crypto using its credit cards. The bank, which is the U.S.'s third largest by assets, follows Bank of America, Citi and J.P. Morgan in banning crypto purchases. The piece quotes a Wells Fargo spokesperson on the decision:

"Customers can no longer use their Wells Fargo credit cards to purchase cryptocurrency. We're doing this in order to be consistent across the Wells Fargo enterprise due to the multiple risks associated with this volatile investment. This decision is in line with the overall industry."

Sam Mowers, Investorideas

Read other editions of the Crypto Corner

Get the Crypto Corner News by email Get Crypto Corner News

Crypto Corner Sponsors:

Flip™ is the creation of Fit Pay, Inc., a leading provider of cutting edge payment technology and a subsidiary of NXT-ID (NASDAQ: NXTD). By leveraging the FitPay Payment Platform™, Flip enables cryptocurrency holders to seamlessly exchange their cryptocurrency for US dollars and store that value on a contactless payment device that can be used to make purchases at millions of retail locations. https://www.fliptopay.com/

Preorder Flip

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp. Disclosure: this newsletter is sponsored content by featured companies NXt-ID (NASDAQ: NXTD) on behalf of Flip and GoverMedia Plus Canada Corp. (CSE: MPLS). More info: http://www.investorideas.com/About/News/Clientspecifics.asp

Please read Investorideas.com privacy policy: http://www.investorideas.com/About/Private_Policy.asp

Cryptocurrency Disclaimer

Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.

Contact Investorideas.com  

800-665-0411