Bitsavings Promises 5% Interest on Bitcoin Deposits - Too Good to be True?
A bitcoin deposit service called Bitsavings is offering returns of 5% a month to anyone bold enough to put their savings there. Users should be advised though, that several such schemes have made promises in the bitcoin world before, and if it sounds too good to be true, it often is. Despite the name, Bitsavings is not attempting to be a bitcoin bank and seems to be offering users worldwide a chance to buy into its trading scheme, which it says is "working fine thus far". The company, whose site went live 60 days ago, is based out of Panama according to a spokesman. Terms and conditions....
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Banks in Germany are reportedly turning customer deposits away due to the negative interest rate imposed on them by the European Central Bank (ECB). Some banks are even offering online tools to help customers take their deposits elsewhere. Negative Interest Rates Imposed by ECB Force Banks to Turn Away Customer Deposits Banks in Germany have been telling customers to take their deposits elsewhere as they can no longer sustain the cost of parking money at the ECB, the Wall Street Journal reported Tuesday. The central bank has been imposing negative interest rates since 2014. The rate is....
MMM Republic of Bitcoin scheme shuts down, investors uncertain about the future of their investments in the scheme. What is that one thing which always holds true for Ponzi schemes? They all have to close down, and at least some of the investors have to lose money. Now the same seems to be happening with the alleged Ponzi scheme – MMM. As it turned out, the Sergey Mavrodi‘s brainchild yesterday announced that it is going to close its doors. According to reports, the announcement is followed by something even more serious which the investors aren’t liking one bit. Their investments in the....
This is another clear example of why users should not keep their funds in a bank account. Holding cash is becoming a less favourable option for many customers around the world. Charging fees on cash deposits is becoming the new norm in Germany, and more of them will follow in the coming months. So far, two more banks have taken this route, including the Bank of Ireland and Ulster Bank It looks like the negative interest rates will be passed on to customers who make cash deposits. It was only a matter of time until the negative interest rates would be passed on to the customers. Not only....
These deposits are seen as a proxy for growth among crypto-industry clients.
You can use Bitcoins for your deposits in all casinos who accept Bitcoin as a currency method. With the increasing popularity of the Bitcoin, we see more and more casinos accepting Bitcoin transactions to fund a player’s account. On different portals, you can find an overview of the best Bitcoin casinos but here we want to show you what you need to pay attention to when choosing a Bitcoin casino. Why play in a Bitcoin casino? The biggest advantage of playing in a Bitcoin casino with Bitcoins is privacy. Government organisations can not trace your deposits so you will stay anonymous. This....