Tagdnb

Norway's Largest Bank Partners IOTA for Distributed Ledger Solutions

IOTA announced a partnership with DNB ASA on May 31. As part of the partnership, DNB and IOTA are exploring ways to implement the new technologies and processes made possible IOTA's "Tangle." DNB is the largest financial service firm in Norway based on market capitalization. The firm specializes in investment banking, global markets, and corporate banking. It is a global leader in banking for the...

DNB, Norway’s Largest Bank Shuns Bitcoin, Boots Bitcoin Association

Bitcoin MLM Scheme

DNB, Norway’s largest bank, has dismissed Norges Bitcoinforening, a recently-formed, non-profit bitcoin association, over concerns about terrorist financing and money laundering, according to e24.no, a Norwegian news site. Norges Bitcoinforening has since decided to take its business elsewhere. The association opened a bank account in August to receive dues and donations which can be made...

Norwegian Bitcoin Exchange Justcoin Exits Gracefully after Being Dropped By their Bank

Justcoin's founders have reported to CCN that over 96% of users have withdrawn their fiat and cryptocurrency. These include Ripple and Stellar amounts previously taken in a hack earlier this year. Since the announcement of their closure, Justcoin's support staff has been working double time to manually process all withdrawals. The confirmations of successful withdrawals have been reported from...

Norwegian Banks Say No to Bitcoin Businesses; Justcoin Exchange Closes

Two of the most major Norwegian banks have announced to the public that they will no longer service Bitcoin companies. The "Bitcoin chill" in Norway has caused Norwegian Bitcoin exchange, Justcoin, to close their doors. Justcoin also suffered a Ripple hack earlier this month after a Ripple feature was improperly implemented by the exchange. Both Justcoin and Ripple were able to right themselves...

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