Bitcoin Daily News – 2018-02-05

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We just caught word yesterday that our newest bank account is now our newest ex-bank account. As you may know, Bank of the Worst West shut down our bank account last year because we accept Bitcoin. We opened an account with a small Colorado bank, First Bank, and worked with them for nearly a year, along with a few other banks. However First Bank decided to shut our account down for working with Bitcoin a few weeks ago. We then opened a redundant account with BBVA Compass specifically letting them know that we are a Bbva bitcoin news accepting business.

We received bbva bitcoin news call today stating that BBVA does not wish to work with any businesses affiliated with Bitcoin. So we bbva bitcoin news shutting down our bank account with them. In our experience, Wells Fargo is a bitcoin-friendly bank and are more than happy to work with us. We have also found that smaller credit unions and banks are Bitcoin-friendly as well.

We always make sure to have at least two banking partners, so we can constantly provide service to our customers. We encourage other business owners and customers to continue to put pressure on banks. If your bank is not Bitcoin-friendly, complain to them and try and find a Bitcoin-friendly bank in your area!

Feel free to share your experiences with us as well. After posting this news on Reddit, a user responded that bbva bitcoin news Uncle was the VP at BBVA and had bbva bitcoin news expressed interest in the currency option and was looking forward to working with it. Here is the rest of his experience talking with his VP Uncle, according to his Reddit post:. I talked to him a bbva bitcoin news of weeks ago about bitcoin, and he said that they are currently watching it.

The president of BBVA bbva bitcoin news very technology-oriented and acknowledges that banks need to evolve if they hope to survive. It seems to me that BBVA Compass would be one of the more likely banks to be bitcoin friendly, but I will email my uncle and see what he says about this. Okay, he replied and here is what he said: Maybe we will start to see a lot more of the big American banks turning away bitcoin customers.

To be honest, this sounds really bad for bitcoin. Reference to the conversation here: Wells Fargo has a policy to not do business with known bitcoin companies. They close the account down when they see bitcoin related purchases or transfers. Your email address will not be published. Skip to content We just caught word yesterday that our newest bank account is now our newest ex-bank account. Here is the rest of his experience talking with his VP Uncle, according to his Reddit post: Leave a Reply Cancel reply Your email address will not be published.

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Gox bitcoin exchanged were moved Thursday. The bitcoins were removed from four separate wallets in increments of 2, bitcoin until they were emptied.

In total, 16, bitcoins were moved. Alibaba is piloting a blockchain supply chain initiative in Australia. If successful, Alibaba could spread the use of blockchain to its full enterprise.

Buterin tweeted that he was upset when Coindesk linked to a fraudulent website in one of its stories. Buterin believes Coindesk has taken part in cryptocurrency scams.

Cboe said its highest-ever volume for bitcoin futures on Wednesday. More than 19, total contracts were traded, the most since future debuted in December. The average daily volume had been about 6, The previous high was on January 17 when 15, contracts were traded. Bitcoin may be maturing into a period of relatively boring stability following more than a year of hyper-volatility, experts said.

A wave of regulations around the country, a ban on cryptocurrency advertisements on top internet platforms, and a decrease in new interest, will lead bitcoin to unique stability. Spanish bank BBVA believes it is the first global bank to issue a loan using blockchain.

The end of bitcoin is near. What will it take for ethereum and ripple to overtake bitcoin? Inside a bitcoin mine. Proof of Stake is solved. From the Forums Fake for fork? Share via Tell a friend. Inside Deals A hand-picked selection of products, deals, and ways to save money. Inside Bitcoin Tracking trends, news, and analysis around Bitcoin and cryptocurrencies.