New Polish Bitcoin Exchange Bitmarket.pl is Launched
With digital currencies becoming increasingly popular among Poles, a new bitcoin exchange, Bitmarket.pl, was launched this month in the country. The company said the exchange aims to lure traders with high levels of security and a fast turnover of transactions. Said Michał Pleban, co-owner of the exchange: "What is important, only our own funds are allocated in the hot wallet, while our clients' funds are safe in the cold wallet. We merge the rapidness of a currency exchange with the elasticity of a stock exchange." Pleban presented the exchange and its business model at a seminar on....
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A few bitcoin users from Poland have reported to CCN that they are dealing with bank crackdowns due to bitcoin activity. One Polish bitcoin exchange, BitMarket, became a victim of a shutdown earlier this week by BPH. When contacting BPH, they were told there were technical problems that needed to be sorted out. Upon further investigation, BitMarket found out they were shut down due to cryptocurrency activity was associated with their account. Also Read: Polish Hospital First to Let Patients Pay for Surgery Using Bitcoin. The original text was written in Polish, but CCN was able to....
Polish bitcoin exchange BitMarket.pl has had its bank accounts suspended by Bank BPH. BPH initially said the suspension was the result of a technical glitch, but later claimed it was due to outstanding debt and lack of credentials, according to BitMarket.pl. The exchange said it discovered its BPH accounts were suspended on 26th January. BitMarket.pl founder Michal Pleban told CoinDesk that the real reason for the bank's decision was prompted by a query filed by the local district attorney's office. The filing revolved around one particular transaction on the exchange, which was allegedly....
For the past few years, there has been a war occurring between bitcoin and traditional banking institutions. For the most part, bitcoin has always managed to stay alive and hold its ground despite some major opposition, but often the banks come in with their executives and power and win battles without much effort. The war has now escalated, and another win must be chalked up for the banks. Polish bitcoin exchange BitMarket.pl had its bank accounts suspended just a few days ago on January 26th by Bank BPH due to what the bank says are rising debts and a lack of credentials. However,....
BitMarket, a Polish Bitcoin exchange, was recently closed down by BPH due to their association with Bitcoin. At first the bank was told that it was due to technical problems. Another bank, Bank Zachodni WBK (BZ WBK), also began terminating accounts shortly after the BitMarket incident. While these two banks are shutting down accounts held by Bitcoin businesses, does this signify a national crackdown in Poland? I sought to uncover more information on this matter by interviewing Poland's largest Bitcoin exchange, who to date, has not had any problems in their banking relationships. Also....
Bitmarket.eu hacking incident back on 2012 may have a connection to the LinkedIn and Dropbox hacks by Yevgeniy Nikulin. For those who do not remember, Bitmarket.eu used to be a Bitcoin exchange run by two Polish developers. The developers, Maciej Trebacz and Pawel Makulski operated the exchange platform for about two years before it became a victim of a hacking incident. While Bitmarket.eu has been reduced to a cryptocurrency blog following the incident, the hacker who may have been responsible for its plight may soon be facing trial. According to reports, a Russian national by the name....