Banks block 40% of crypto payments

A new study by the UK Cryptocurrency Business Council (UKCBC) has found that transfers between UK bank accounts and crypto exchanges are frequently blocked, delayed or rejected, even when customers are trying to use regulated platforms. The study, titled ‘Lockout: Debanking the UK’s digital asset economy’, draws on responses from 10 of the UK’s largest…

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Cryptocurrency market shed $100 billion amid concerns of US government shutdown

Approximately $100 billion was wiped from the cryptocurrency market late Sunday as uncertainty over the possibility of another partial U.S. government shutdown caused traders to sell. Senate Democrats threatened to block the funding measure if it included money for the Department of Homeland Security, which oversees Immigration and Customs Enforcement, after a federal agent shot…

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