The DOJ's "Operation Choke Point" Has Driven 30 Industries To Bitcoin
Bitcoin: Be Your Own Bank. You may have heard of Operation Choke Point over the last year in reference to payday lending, and more recently in reference to firearm sales and porn star personal accounts. The gist of it is this: The Department of Justice (DOJ) is strongly encouraging banks and third party payment processors to close the accounts of individuals and businesses associated with certain high-risk merchant categories such as payday/online lending, firearms/ammunition sales, and pornography, and even dating services. Essentially, the DOJ has tasked banks and third party payment....
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Call it the CPR for Operation Choke Point.
Welcome to another Bitcoin News in Review, where we feature our top Bitcoin and cryptocurrency stories of the week. This week, we analyzed the Bitcoin price, saw troubles at Sean's Outpost, saw the results of the DOJ's “Operation Choke Point”, and more. Calvin Tran‘s back with another excellent video, which you can watch below. After that, keep scrolling to see our biggest stories this week on CryptoCoins News. Bitcoin is considered by many to be one of the most volatile investments possible. However, for the past few weeks, the price seems to have been dancing around $450 on most....
Cryptocurrency Titcoin and adult payment provider Coinsnap have been announced as finalists at the 2016 XBIZ Awards. The XBIZ Awards are a prominent adult entertainment awards ceremony managed by XBIZ, which publishes news and information on the adult entertainment industry. Titcoin Logo. Over the last couple years, cryptocurrencies and other alternative payment systems have been gaining traction in the adult entertainment industry. One factor in this trend has been Operation Choke Point, a program in which the Department of Justice has teamed up with banks to limit access to financial....
Having accessing to affordable electricity is a critical factor for any bitcoin mining operation. John McAfee and Bitcoin seem to be entwined at this point in history. Ever since launching his massive bitcoin mining operation through MGT Capital Investments Inc, things have been going well. So much even that his operation is producing bitcoins ahead of schedule. A positive note that shows mining cryptocurrency remains a profitable business assuming one has the necessary knowledge. As is the case with any Bitcoin mining operation, specific targets have to be reached. Investing in hardware,....
Zachary has been a contributing writer for Cointelegraph since 2019. He is an early crypto adopter and managing partner of crypto-native law firm Kelman PLLC. Cointelegraph, the world's foremost source of news and information on the future of finance, is pleased to announce the addition of Zachary Kelman as general counsel. Kelman is an early adopter of cryptocurrency and is the managing partner of crypto-native law firm Kelman PLLC. He is a New York-licensed attorney specializing in political, legal and regulatory issues surrounding Bitcoin, digital currencies and blockchain....