UK-Based Bitcoin Exchange Bit121 Closes Its Doors
A United Kingdom-based bitcoin exchange, Bit121, announced last week that they would be closing their doors and halt their operations temporarily. That date has come, and users of the exchange will need to find themselves another platform to make their trades on. Bit121 announced that as of the 26th of March, users would be able to view their balances and account statements, withdraw any sterling balance greater than £50, along with any bitcoin balance. As of the 27th of March, Bit121 processed withdrawals for ever account with a positive GBP balance. Anyone with a balance of £1.00 or....
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UK-based bitcoin exchange Bit121 has announced that it will suspend trading and temporarily close today, March 31st. Although the exchange has indicated that the closure is not permanent, it has not said when it will reopen. Bit121 said most of the site's functionality was removed on March 26th. However, users have been able to view account balances and statements, withdraw any sterling balance greater than £50 with no fee, and withdraw any bitcoins held with the exchange. All orders have been cancelled. On Thursday (27th March), the exchange started carrying out withdrawal transactions on....
Barclays is taking sterling deposits for a new bitcoin exchange, making it the only UK bank to do so currently. Banks in the UK have avoided working with bitcoin exchanges so far, but customers of new bitcoin exchange Bit121 can deposit their sterling to a Barclays account with a Canary Wharf address. The account belongs to a payment service provider called PacNet Services Ltd, which Bit121 works with. Barclays therefore does not have a direct relationship with the bitcoin exchange. When contacted, Barclays refused to comment on its policy towards working with bitcoin exchanges. Daniel....
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 to the community; however, it seems that larger powers have ended Justcoin's run. Justcoin won't be the only Norwegian Bitcoin company frozen out by the banks, as revealed by Justcoin founders: "Its....
Bitcoin exchange BTCXIndia has announced that it is closing its doors later this month following the loss of its banking partner. The India-based exchange, which featured a live trading platform and wallet service, said in a statement on its website and via email that it would close its doors on 20th May. The exchange operator suggested that the closure was a result of a broader policy shift on the part of its Indian banking partner, explaining:
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