MOSCOW (Sputnik) - Bitcoin dropped in value by more than 15 percent on Monday after some banks decided to ban customers from buying cryptocurrencies using credit cards.
Earlier in the day, respective statements were made by Lloyds Banking Group and Virgin Money. On Friday, J.P. Morgan Chase, Bank of America and Citigroup announced the same restriction. At various exchange trading platforms, such as Bitfinex and Coindesk, Bitcoin fell by over 15 percent to $6,700-$6,950.
Earlier this month, US billionaire Warren Buffett chimed in with a warning that the bitcoin boom will “come to a bad ending.” Recently, Bitcoin reached its lowest level since November, amid rumours that Chinese authorities reportedly plan to prevent all residents of the country from having access to foreign ICO platforms offering digital trading services.
Bitcoin is one of the most popular cryptocurrencies, which allows users to make payments for goods and services online. It was introduced in 2009 as an independent alternative to government-backed currencies and surged more than 700%, reaching highs of $20,000 and gradually going down since then.
The fact of registration and authorization of users on Sputnik websites via users’ account or accounts on social networks indicates acceptance of these rules.
Users are obliged abide by national and international laws. Users are obliged to speak respectfully to the other participants in the discussion, readers and individuals referenced in the posts.
The websites’ administration has the right to delete comments made in languages other than the language of the majority of the websites’ content.
In all language versions of the sputniknews.com websites any comments posted can be edited.
A user comment will be deleted if it:
does not correspond with the subject of the post;
promotes hatred and discrimination on racial, ethnic, sexual, religious or social basis or violates the rights of minorities;
violates the rights of minors, causing them harm in any form, including moral damage;
contains ideas of extremist nature or calls for other illegal activities;
contains insults, threats to other users, individuals or specific organizations, denigrates dignity or undermines business reputations;
contains insults or messages expressing disrespect to Sputnik;
violates privacy, distributes personal data of third parties without their consent or violates privacy of correspondence;
describes or references scenes of violence, cruelty to animals;
contains information about methods of suicide, incites to commit suicide;
pursues commercial objectives, contains improper advertising, unlawful political advertisement or links to other online resources containing such information;
promotes products or services of third parties without proper authorization;
contains offensive language or profanity and its derivatives, as well as hints of the use of lexical items falling within this definition;
contains spam, advertises spamming, mass mailing services and promotes get-rich-quick schemes;
promotes the use of narcotic / psychotropic substances, provides information on their production and use;
contains links to viruses and malicious software;
is part of an organized action involving large volumes of comments with identical or similar content ("flash mob");
“floods” the discussion thread with a large number of incoherent or irrelevant messages;
violates etiquette, exhibiting any form of aggressive, humiliating or abusive behavior ("trolling");
doesn’t follow standard rules of the English language, for example, is typed fully or mostly in capital letters or isn’t broken down into sentences.
The administration has the right to block a user’s access to the page or delete a user’s account without notice if the user is in violation of these rules or if behavior indicating said violation is detected.