Vault of Satoshi Halts US Bitcoin Exchange Service, Cites Worsening US Regulatory Conditions
Toronto-based bitcoin exchange Vault of Satoshi, announced via its Facebook account on 6th March that it will cease its US operations effective immediately. Most notable, however, was the reasoning the company gave for the abrupt move. It suggested that the changing attitudes of US regulators were to blame for the service shutoff. Citing a recent "Let's Talk Bitcoin" Interview with Charlie Shrem, the company elaborated on its reasoning, saying: "We feel the regulatory environment in the US is becoming increasingly hostile toward Bitcoin, and more specifically toward exchanges trading in....
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Bitcoin exchange Vault of Satoshi today launched a full public proof-of-solvency service for its customers, saying it is the first digital currency exchange in the world to do so. The "unapologetically Canadian" company has embarked on a string of compliance and transparency initiatives in the past months. In March, it received a full Money Services Business licence to operate in all provinces of Canada and serve international customers in listed countries. Vault of Satoshi (VoS) said its new proof-of-solvency system is "not just an audit", but provides full proof via cryptographic trees....
It seems like there's no shortage of bitcoin exchanges out there. But how can you really know which one to trust? One of the ways is to follow their announcements. If they're ordinarily quiet (see Mt. Gox) you might have something to worry about. If they, on the other hand, are vocal about their operations, that's another story altogether. Enter Vault of Satoshi. I've been following this exchange for some time now, and I personally like what they're doing. The Canada-based exchange announced today the full acquisition of their money service business license in the country (this is similar....
The owners of Vault of Satoshi have announced that they will be closing the notable Canada-based bitcoin exchange on 5th February due to the "insane" growth of a new business venture. Though short on details in the official announcement, Vault of Satoshi co-founder Mike Curry told CoinDesk that the success of new venture TurboFlix has encouraged the exchange's owners to switch focus. Launched six months ago, the service has gained popularity by allowing global Netflix users to bypass restrictions that limit their movie libraries. Throughout the conversation, however, Curry stressed that....
Vault of Satoshi announces full public proof of solvency, one-uping third-party audits. Monday, the Canadian-based cryptocurrency exchange Vault of Satoshi, announced the launch of a public proof of solvency service. The company says it is the first to do so - outmaneuvering the third-party auditing efforts of rivaling exchanges. In essence, Vault of Satoshi is publishing their cold storage for the public to view. Customers can check the company's total reserves on the website with the company security center and verify the reported reserves with an independent tool. Because of security....
Canadian cryptocurrency exchange Vault of Satoshi recently updated its clients about their concrete decision to shut down next month - on February 5th. According to the founders, their exchange was running smoothly - without any insolvency, stolen funds, and any other ill-fated scenario - so people should not perceive anything negative about Vault of Satoshi. On the other hand, the decision to seal this exchange forever was taken to fulfill other, and better, opportunities. Here is an excerpt that explains it better: "Our founders and team of developers began work on a new,....