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Banks Greased with Dirty Money Are Terrified of Becoming Obsolete

Most cryptocurrency companies struggle to get a bank account. This is mainly due to inadequate anti-money laundering procedures and the banks' fear of being fined. At least, that’s what these centralized institutions with coffers stuffed full of dirty money want you to believe. In reality, they’re out of their depth and scrambling to stay relevant. Banks Suppress Cryptocurrency Because They Fear...

China's Central Bank Believes Bitcoin will be Dead in a River

PBOC China ICO Ban Cryptocurrency

A People's Bank of China (PBoC) official has stated that he thinks bitcoin will end up floating down a river as a dead body. Speaking at a financial forum in Shanghai, Pan Gongsheng, a deputy governor of the PBoC, spoke about the central bank's September decision to crack down on domestic digital currency exchanges and initial coin offerings (ICOs). According to him, it was 'scary to think about'...

The Blockchain: A Banker's, Police Officer's & Regulator's Dream?

par·a·digm shift noun a fundamental change in approach or underlying assumptions In January 2016, major banks and technology companies began publicly experimenting with ways in which blockchain related technologies could revolutionize the way they do business. Instead of overthrowing the status quo, as Bitcoiners famously would like, the nascent blockchain industry wants to make the work of...

Is Coinbase Bringing "Big Brother" to Bitcoin Accounts?

Coinbase has been one of the driving forces in the growth of Bitcoin over the past two years. They have brought many major mainstream corporations into the Bitcoin fold recently, with Mozilla (Firefox), Time Magazine and The United Way among them. Now, it seems they are prepared to bring one more mainstream ingredient to consumer's digital currency world: Spying. Also read: Coinbase Seemingly...