Last week, we rounded up stories relating to international countries becoming more familiar with the crypto space, along with large companies and organizations adopting blockchain technology to digitally advance. In the next installment of our series, we are sharing updates focused on the current future of cryptocurrency.
Here’s a snapshot of key stories from this week in crypto:
- Wells Fargo announced recently that they’re banning cryptocurrency purchases on credits cards issued by the company. Following in the steps of other large banks, Well Fargo moved forward with this decision due to the volatility of cryptocurrencies. They were also worried about the potential risks their customers would run into if they were to purchase cryptocurrencies on their card.
- Entrepreneur published an article sharing the future predictions of the current cryptocurrency market. Even though cryptocurrencies have had their share of failures, many people believe that it has a bright future to succeed, mainly because cryptocurrencies are still developing and once they fully advance, more users will want to invest and use them for digital transactions because they could be more secure transactions.
- In CNBC this week, tech giant Apple decides to update their developer guidelines to prevent users from mining for cryptocurrencies like Bitcoin, was reported by Kate Rooney, a well-known reporter and influencer in the space. They are restricting apps that drain battery, generate excessive heat and put strain on iOS devices, which include Bitcoin mining. The date on this policy update has not yet been announced.