Tag: Bank’s

A Millennial and Crypto Love Story: How This Generation Is Ghosting Banks

A Millennial and Crypto Love Story: How This Generation Is Ghosting Banks America’s youth has long been in a bad relationship with banks. Their predatory, self-serving practices have left a bad taste in the mouths of many young consumers, who have historically acclimated and resigned themselves to the system as […]

Australian Banks Fraudulently Collected Fees From Deceased Customers

Australian Banks Fraudulently Collected Fees From Deceased Customers A national inquiry into the misconduct of Australia’s banking sector has revealed profit-driven malpractice that has shattered customer trust. Some of the country’s largest banks were found guilty of making families homeless and charging fees for non-existent services, sometimes to dead customers. […]

Banks are Better than Bitcoin (When It Comes to Money Laundering)

Banks are Better than Bitcoin (When It Comes to Money Laundering) On September 28, 2018, the Wall Street Journal published a report which claimed that criminals laundered nearly $ 90 million of proceeds via cryptocurrency exchanges over two years. The piece mainly targeted ShapeShift, a US-based crypto-to-crypto exchange, for facilitating […]

Bitfinex Partnered With at Least 6 Different Banks During 2018

Bitfinex Partnered With at Least 6 Different Banks During 2018 22 months since Wells Fargo suspended the processing of withdrawals sent by four Taiwanese banks that service Bitfinex, the platform remains among the top 20 exchanges by adjusted volume. While Bitfinex hosted more than $ 5 billion in trade this […]

Bank’s Refusal to Release $1.2B of Venezuelan Gold Strengthens the Case for Bitcoin

Bank’s Refusal to Release .2B of Venezuelan Gold Strengthens the Case for Bitcoin Venezuela’s economic crisis is impossible to ignore. President Nicolás Maduro’s attempt to withdraw $ 1.2 billion of the country’s own gold from the Bank of England (BoE) has been rejected. The notion of a sovereign state being denied access […]

Blame Banks for Damaging the Environment – Not Bitcoin

Blame Banks for Damaging the Environment – Not Bitcoin Another mainstream media outlet has published a piece warning of the dangers Bitcoin poses to the environment. We’ve heard these overly simplistic arguments countless times before. But even if one was to accept that Bitcoin’s energy consumption is substantial, the figure […]

Report Claims Central Banks Are Cautious About Issuing Their Own Digital Currencies

Report Claims Central Banks Are Cautious About Issuing Their Own Digital Currencies The Bank of International Settlements (BIS) has published a survey showing that most central central banks are “proceeding cautiously” on issuing their own digital currencies. Only a handful are planning to do so in the near future, it […]

Despite Supreme Court, Chile’s Antitrust Orders Banks to Keep Crypto Accounts

Despite Supreme Court, Chile’s Antitrust Orders Banks to Keep Crypto Accounts Following the ruling by Chile’s supreme court that a bank can legally close accounts of a crypto exchange, the country’s Court of Defense of Free Competition reaffirmed that banks must reopen crypto exchanges’ accounts. The Chilean antitrust court continues to […]