Bank Stops Working With Bitcoin Exchange CampBX Due to 'Regulatory Uncertainty'
US bitcoin trading platform CampBX has announced that it has temporarily halted automated clearing house (ACH) and wire transfers effective 31st January. Alpharetta, GA-based CampBX indicated in a blog post to its users that its bank has "made a business decision to not work with bitcoins and bitcoin companies". The bank cited regulatory uncertainty, as well as recent negative bitcoin news, as the driving force behind the decision. Unfortunately we have some bad news regarding our ACH and WIRE processor. Please see the update here: https://t.co/R0p8WWfYa0. - CampBX - Bitcoin (@CampBX)....
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According to an interview with CampBX's CEO back in May of 2013, CampBX has always aimed to be the premier regulatory compliant US-based fiat-Bitcoin exchange in the world. They have successfully registered as a money transmitter on both the federal level and the state level and they are based in Alpharetta, Georgia. CampBX's CEO claims to spend between sixty and seventy-five percent of funds on regulatory compliance and has revealed that several thousand users have already failed CampBX's verification process. CampBX files quarterly reports including suspicious activity and large....
Alpharetta, Georgia-based CampBX today announced some unfortunate news on the front of ACH and wire transfers for users looking to both deposit and withdraw funds from the bitcoin exchange. The exchange's banking partner has jumped ship "due to regulatory uncertainty and recent spate of negative news for Bitcoins," according to a statement posted on the service's website. CampBX states that all withdrawal transfers not yet processed will be refunded to user accounts by 5pm Eastern time on Saturday, Feb. 1st. "All USD and BTC balances are accounted for," the company states, seemingly in....
Georgia-based CampBX has been having issues with their service since at least Thursday of last week, according to tweets transmitted by the crypto-currency exchange. Beginning on the 3rd of July, the company took to social media to report that their service was dealing with a DDOS attack. For those unfamiliar, a DDOS is a distributed denial of service attack. An attack of this nature overwhelms a target server/s with requests, making the service slow or even unreachable by legitimate users. A D-DoS attack is in progress. We are working to mitigate it. - CampBX - Bitcoin (@CampBX) July 3,....
One feature many CampBX bitcoin exchange users have been long awaiting has been the ability to deposit funds in USD via ACH. That is, wiring funds from their bank account. Up until now, users have not been able to do this, and if they wanted to fund their CampBX account, they'd need to write out a check or send a money order. On the 21st of November, ACH capabilities were to be added to the CampBX platform. Then came the date, and the site displayed a message noting that ACH depositing wouldn't be available until the 27th of November. That date, of course, has passed. As of this writing,....
Advertisements for Auroracoin, the Icelandic cryptocurrency, have begun to appear at bus stops all around the country. The advertisement, consisting only of “Auroracoin” in text and the coin’s logo on a white background. The advertisements are part of a public awareness campaign by the Auraráð, or Auroracoin, Foundation. According to Pétur Árnason, Auraráð Foundation chairman, these advertisements are meant to lay the groundwork for a resurgence of the Icelandic cryptocurrency later this year. “We have been preparing for Auroracoin promotion in Iceland for over a year now as we wanted to....