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Cryptocurrency End of Day Recap

Jun 12, 2018

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  • Apple has banned crypto mining apps from being downloaded to its mobile products. The main reasoning behind this ban is that most cryptocurrencies mining apps negatively affect Apple’s hardware and can damage them
  • Colombian banks closed every account on, a cryptocurrency exchange.  The move by the Colombian banks was unexpected, and there has been no explanation into why this happened
  • Wells Fargo will no longer allow credit card users to purchase cryptocurrencies with their credit cards. Wells Fargo cited high volatility in the crypto markets as the reason for the move. Bank of America, Citigroup, and JP Morgan Chase have already banned their customers from purchasing cryptocurrencies with their credit cards

Source: Stockdio