Crypto-Marriages Announced, No Crypto-Mining with Apples & Bank Bans Bitcoin - But Guns OK
A more positive 24 hours for the cryptocurrency markets, the global cryptocurrency market cap gained $4 billion raising it to $301 billion, Bitcoin gained $161 bringing it up to $6854, Ethereum is now at $532, up $8 on yesterday.
The industry news feeds appear to be relatively FUD free for a change, making way for slightly stranger happenings being reported by the mainstream press today.
Banking giant Wells Fargo has announced it will no longer permit clients to purchase cryptocurrencies with their credit cards (although debit cards can still be used), bringing them in line with several other major banks policies rolled out earlier in the year. Citing similar reasons for the ban, the company said in a statement on Monday: "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... We will continue to evaluate the issue as the market evolves." Interestingly the bank will still allow the purchase of firearms unlike a significant number of its competitors – presumably so one can hold up a bank if your cryptocurrencies take a hit.
Sportswear brand Björn Borg has announced an unusual blockchain service called Marriage Unblocked for couples who want to get married “if your country won’t let you”. Built by SuperBlocks, the platform essentially enables anyone to propose, exchange vows and get married using blockchain, with the option to keep the record anonymous or print a screenshot of the certificate (for some reason they are not able to provide a download option yet). Polygamy is supported it would appear according to the questions page, as is the linking of multiple marriages. Of course, the marriages are not legally binding in any jurisdiction but an interesting ad campaign with possibly more meat on the bone (pun intended) than Oscar Meyers Bacoin promotion earlier in the year.
Apple has updated their guidelines for developers explicitly banning cryptocurrency mining code within apps and app content (including ad content). Whilst the update sounds a little ridiculous when taking into account that it’s unlikely anyone would take much time developing an app to mine crypto with a mobile phone, the company are basically attempting to “future-proof” themselves before developers attempt to utilise user devices covertly and/or attempt to pool multiple devices for mining purposes. The changes to the guidelines don’t ban crypto-code entirely provided the terms and conditions are complied with – they do however labour the point of apps must be energy efficient – the likely reason for the guideline changes after a long history of battery life complaints in recent years.
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Created: Tuesday, June 12, 2018
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