Vault of Satoshi Recommences Operations in USA - But Only in One State
Crypto-currency exchange Vault of Satoshi in early March announced they would be ceasing operations in the United States due to what was described as an "increasingly hostile" regulatory environment. On Thursday, the company announced (via Reddit) they would be recommencing operations in the United States, with a small catch. Only in one state for now. They write: We've said it again and again, "America, we're coming back!", we told you we were working every day to pursue our return to the US market and that shortly we'd be announcing our roll out on a state by state basis. The first state....
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BRANTFORD, June 24th, 2014 - Vault of Satoshi, Canada's leading cryptocurrency exchange, announced June 20th that it is releasing the dividend-producing bitcoin investment, called Divcoin, today, June 24th. Instead of selling contracts that would otherwise bind users, Vault of Satoshi is representing mining contracts with a coin. Based out of their Brantford, Ontario headquarters, Vault of Satoshi will be mining bitcoins and paying out daily dividends to those who buy the coin. Vault of Satoshi is enabling the purchase of Divcoin starting June 20th, 2014 to both current clients and the....
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....
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,....
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....
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....