Delta Financial To Enter The Bitcoin Startup Graveyard
Bitcoin investment company Delta Financial, which was offering financial services such as interest accounts and trading products, announced today the termination of its operations. This announcement comes a few days only after the closure of another bitcoin startup, Vault of Satoshi. Also read: Vault of Satoshi Makes Cold Wallets Public. Too Optimistic Goals? Designed to democratize Bitcoin speculation, the company generated enthusiasm in the bitcoin community for its promise to guarantee a 5% minimal interest per year to its customers. An announcement posted on Delta Financial website is....
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Delta Financial has revealed that it will "cease current services" on 30th January, including its notable interest-bearing bitcoin account and trading products. Customer funds held in such accounts will stop generating interest, effective immediately, the Hong Kong and Vancouver-based company said in a post on its website. Users will also no longer be able to sell bitcoin through the platform. Perhaps most notably for the broader bitcoin community, Delta Financial cited the current lackluster performance of the market as the reason for the service changes. Delta wrote: "Simply put, the....
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