Since Bitcoin was launched in early 2009, it has been the subject of backlash from many critics. Common criticism includes the age-old argument that “Bitcoin is backed by nothing,” the assertion that the cryptocurrency is “only used by criminals,...
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One of the reasons Bitcoin was envisaged was to provide freedom from the banking system, which is clearly in trouble. Banks literally hold their customers to ransom when services are pulled. This is exactly what is happening now in...
The Takeaway Florida regulators are investigating Karatbars, a German company that’s been promoting a token tied to a Miami “crypto bank” without any banking license in the state. Karatbars previously issued a cryptocurrency purportedly backed by gold, but CoinDesk...
The president of Venezuela, Nicolas Maduro, has announced an order requiring Banco de Venezuela —the country’s biggest bank— to open desks for transactions in Petros in each of its near 790 agencies across the country. Maduro stated: “I am...
Shinhan Bank, the second largest financial group in South Korea by assets, is redoubling its efforts to police accounts related to cryptocurrency exchanges, according to local press reports. The goal? To completely quash anonymous crypto transactions in the country....