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Important Developments in the Crypto Industry

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Banks Refuse to Grant Loans for Cryptocurrency

The management of a large Wells Fargo bank based in San Francisco announced that the company will no longer provide an opportunity to buy cryptocurrency using credit cards. The Bank is one of the three largest US leaders in terms of size. Such a ban was introduced so that customers could avoid the high risks associated with the volatility of “digital gold”. It is known that the decision is not final and may be revised in the future.

Ethereum Classic Increases by 25%

The value of fork conducted in Ethereum network increased by 25% after Coinbase announced its intention to conduct a listing of Classic tokens on its platform. Currently, all the necessary technical work is carried out, according to the Coinbase management, this will take several months. At the time of writing the article, ETC is traded at a price of $14.52.

Blockchain Ireland – Invest In the Country

Irish regulators announced the launch of the investment project “Blockchain Ireland”, which involves the development and improvement of the country’s position in the digital economy. The project involves cooperation with large blockchain corporations and investors who are ready to invest in Ireland, positioning itself as an “ideal space” for the development of the crypto-industry.

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