BTC-e Blames New US Policy for Wire Transfer Issues
BTC-e has announced that US dollar withdrawals and deposits sent via bank transfer could be delayed for as long as two weeks. In a 28th May message posted by the BTC-e support team, the European digital currency exchange blamed "a new American policy" for the anticipated delays. The message reads: "Attention everyone who sends us US dollars and trying to withdrawal in US dollars through bank transfer. From tightened for a new American policy correspondence banks in relation to payment institutions deposits and withdrawals of US dollars delayed for 1-2 weeks." BTC-e did not immediately....
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Bank of America's filing for a patent for a bitcoin wire transfer system last year was published by the U. S. Patent and Trademark Office (USPTO) on September 17, 2015. The patent seeks to protect a cryptocurrency wire transfer system in which funds sent by a customer electronically could be transferred using the blockchain of the underlying cryptocurrency. In particular, the bitcoin wire transfer system would convert the sender's funds at a cryptocurrency exchange then sent to another cryptocurrency exchange to be converted to foreign fiat currency before the funds are received. Bank of....
The Bank of America Tower in New York City. Bank of America has filed a patent with the US Patent & Trademark Office (USPTO) for a system of wire transfers using cryptocurrency. Published 17th September, the patent describes a system in which funds are sent between accounts using cryptocurrency technology. The word "blockchain" or "block chain" does not appear in the patent. Thomas Edward Durbin and James Gregory Ronca, authors of the filing, state: "Enterprises handle a large number of foreign wire transfer requests on a daily basis. As technology advances, foreign transactions have....
Xapo, a Bitcoin company based in the United States, has just announced the ability to purchase Bitcoins through wire transfer with USD and Euro. The user will have to go through an identity verification process to be eligible for the new feature due to the United States' strict AML and KYC regulations. The user will need to verify their name, address, social security number to receive a reference number which is vital to receive the Bitcoins. This information was sent out in an email by Xapo: We're proud to announce Xapo Deposit - a new feature that allows you to acquire bitcoins via wire....
U.S. inflation is red hot and a number of analysts and economists are predicting America will face further economic issues as politicians and the Biden administration blame corporations. This perspective on rising inflation has led finance authors like Isabella Weber to believe that price controls could ease America’s economic burdens.
Biden Administration Blames Inflation on Corporate Greed, Monopolistic Behavior
America is dealing with the worst inflation in over four decades and the White House thinks that tougher anti-monopoly policy could fix the situation.....
If you're a Xapo user, you may have received an email last night from the company with a nice little announcement. The bitcoin debit card and vault provider announced a little something they're calling Xapo Deposit (perhaps aptly enough), a service that will allow users to acquire bitcoin on the Xapo platform via wire transfer. The addition of the feature will allow Xapo's users the ability to more easily get their hands on the digital currency, and thus requiring a place to store them (which is good for Xapo). As one might come to expect, the process is really quite simple. To make it....