US Banking Giants Discuss Crypto Debanking Issues, Suggests Rosy Outlook for ...

Some of the Bitcoin community has been abuzz with BitStamp issues this week. Just yesterday, the Bitcoin exchange's website went down for a short period. The company noted they were having issues with their banking software, though it's unclear just what the issues are/were. Today, BitStamp has noted the banking issues have been resolved and transfers are being processed normally on a blog post, which should comes as a relief to traders around the world. Are you - a BitStamp user - still having issues?

Senator Bragg says that his government won’t let Aussie banks to practice anticompetitive de-banking against crypto companies. Australian banks have been dressing up anti-competitive behavior as regulatory compliance when de-banking crypto customers, Senator Andrew Bragg said. “I believe many banks have been dressing up de-banking as a regulatory necessity. In fact it is often anti-competitive behavior and far more sinister and threatening than it appears on the surface,” the Liberal Senator for New South Wales said in a prepared address to the Tech Council of Australia tod. Denial of....

We have all heard of the recent developments in blockchain technology, and how it is being increasingly adopted by various industries including banking and financial sectors. While we all prefer to see a rosy picture of Bitcoin and its underlying blockchain technology, there are a few apprehensions regarding how it will turn out to be in the near future. The Bitcoin industry is definitely growing, and it has been attracting a lot of investments lately. Investments in the sector crossed another huge milestone recently when venture capital investments in the crypto industry crossed the $1....

Banks do not need to provide an explanation to shut down accounts owned by clients deemed "too risky," according to former CFTC commissioner Brian Quintenz. On Sunday, Hayden Adams, CEO and founder of the popular decentralized exchange, or DEX, Uniswap (UNI), claimed that his JP Morgan Chase bank accounts were shut down with no explanation. In addition, Adams stated that the incident was personal in nature as he knew "many individuals and companies who have been similarly targeted simply for working in the crypto industry." This week @jpmorgan @Chase closed my bank accounts with no notice....

This morning, I awoke to an individual on Twitterletting me know, in no uncertain terms, that bitcoin and social issues were unrelated. Since literally everything is related to everything else in some way, I'll assume what he meant is that bitcoin and social issues are particularly far apart in terms of overlap. This is of course absurd. While "social issues" is a term which needs to be defined prior to further discussion, the "social issues" that particularly interest me are issues of poverty, class, mobility, equality of opportunity and access to resources. Access to banking and....