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possible Frehley losses or gains as the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private peeves are in control of their own money if you enjoyed this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more Bitcoin headline news and analysis soon Buffett’s wells-fargo find over 20% of bitcoins market cap since year 2000 for all his Bitcoin bashing bluster Berkshire Hathaway’s Warren Buffett is hardly a bastion of business virtue he continues to defend BH Investment Wells Fargo Bank despite almost 15 billion dollars in penalty fines since 2000 dot you make one mistake Wells Fargo got caught doing bad things lots and lots of very bad things to meet quotas set by management employees open fake accounts ordered unauthorized credit cards and forged client signatures and this wasn’t just a few rogue staff members thousands of employees opened 3.5 million unnecessary accounts over a decade and a half management later admitted retaliation against employees who threatened to expose the scandal while the fallout from this was still ongoing Wells Fargo admitted charging over half a million customers for auto insurance they didn’t need this led to around 20,000 customers defaulting on car loans and the illegal repossession of some vehicles not content with this the bank also modified mortgages without authorization and fined 110,000 mortgage holders for missed deadlines despite the fact that the delays were the company’s fault they also overcharged small businesses for processing credit card transaction but you could probably already have guessed that Buffett’s response in a CNBC interview they made one mistake the only one I know this was the same week he famously described Bitcoin as rat poison squared but he was happy to defend the poisonous actions of Wells Fargo incentives work and they came up with improper incentives and they worked and so they incentivized bad behavior instead of incentivizing good behavior and that happens from time to time he had previously described the company as a terrific Bank adding there were some things that were done very wrong there but they are being corrected this terrific bank which Berkshire Hathaway owns just under 10 percent of paid a hefty fine for its one mistake in fact since the year 2000 it has paid a shade under fourteen point seven eight billion dollars in penalties for a total of 93 violations in a hole of flavors hardly one mistake one to another following Buffett’s recent assertion that bitcoin is a delusion and attracts charlatans Barry Silbert decided to throw his own shade I’ll take bitcoins charlatans / Wells Fargo’s fraud and other abuses any day he tweeted Wells Fargo a Buffett investment has been fined ninety three times for fraud and other abuses for a total of fourteen point eight billion dollars in fines since just two thousand I’ll take bitcoins charlatans over that any day HTTP colon slash slash T dot KO / 9 po z k ZX g q 7 X Barry Silbert at Vera Silbert March 9th 2019 Anthony pomp Liana was quick to add that this meant Wells Fargo has paid more than 20% of bitcoins market cap and fines in the last 19 years for their fraudulent activity a sobering statistic we are obviously with Silbert and pomp Leon o all the way we’d rather listen to the charlatans than thievery corporation apologies to the band what do you think of Warren Buffett Berkshire Hathaway and Wells Fargo let us know your thoughts in the comments below dot thanks for watching the Ohio Bitcoin calm Bitcoin news channel today we appreciate you spending some of your valuable time with us disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither Ohio Bitcoin calm nor the author is responsible for any losses or gains as the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more Bitcoin headline news and analysis une [Laughter] [Applause] [Music] purrs Bitcoin comm is reportedly under government-sponsored attack Bitcoin dot-com is likely under a government-sponsored cyber attack according to owner and crypto investor Roger ver the 40 year old tokyo-based entrepreneur stated Monday that he received a Google suite alert about a potential intrusion he posted a screenshot indicating that anonymous government backed hackers were attempting to compromise one of the Bitcoin coms email accounts here’s the copy of that screenshot source BTC reddit forum because bitcoin dot-com is building tools to bring economic freedom to the world we are likely under government backed attacks for guest espionage on Bitcoin comm following a major revamp of its security protocols in 2017 Google now sends alerts for government sponsored cyberattacks when it detects malware loaded emails phishing attempts or brute force attacks with government Google signifies attacks carried out from the infrastructure of identifiable government linked cyber espionage associations known as advanced persistent threats rapped the definitions collectively explain that unknown attackers were attempting to gain access to Bitcoin comms data across zu8 it may include emails Docs spreadsheets sites presentations and most importantly cloud enabled file backups a successful hacking attempt could have led the attackers to access all the data at once according to Google Eric gross the vice president of security engineering at Google wrote that seeing a government-sponsored attack warning did not necessarily mean that hackers have attacked users accounts it could also suggest that they may be a target and must take immediate steps to secure their profiles you might ask how we know this activity is state-sponsored added gross we can’t go into the details without giving away information that would be helpful to these bad actors but our detailed analysis as well as victim reports strongly suggests the involvement of states or groups that are state-sponsored conspiracy theories in theory Google must have a database of Internet Protocol addresses suspicious of participating in cyberattacks they must have recognized at least some of these addresses as government-owned the wake of mounting incidents related to cyber warfare government espionage and even corporate espionage considering no smart attacker would ever expose its IP links there could be a possibility that some random hacker attempted to hack Bitcoin comms souad server they might not necessarily be government back but a website of Bitcoin dot-com size is bound to attract attackers regardless redditor are a GN AR ok 1066 noted since Google doesn’t really tell you how they know it’s a government attack you don’t really have much information to go on then there are some who seconded ver about the possibilities have government or corporate espionage one of them blame China an easy target for its notorious history of cyber attacks what worries me about this is that I give it about an 80% chance this means China as Google have a very weak track record when it comes to calling out the US government said redditor etheral why would China be attacking Bitcoin comm I would have assumed China was aligned with bit main and thus by extension at least neutral to Bitcoin calm in the end it remains uncertain who attempted to attack Bitcoin calm meanwhile the situation demands a strong reaction not just from ver but the operators of other crypto related businesses as well thanks for watching the Ohio Bitcoin calm Bitcoin news channel today we appreciate you spending some of your valuable time with us disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither Ohio Bitcoin comm nor the author is responsible for any losses or gains has the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more Bitcoin headline news and analysis soon tether is being ported to the Tron blockchain tether the leading stab lacoya has announced that it will soon be available on the Tron blockchain hether revealed the news on Monday morning and Tron confirmed the announcement minutes later what will happen next is not entirely clear the official statement suggests an imminent release while other sources are suggesting a queue to launch today we take the next step in our journey towards stab lakorn mass adoption though the introduction of USD T on the at Tron foundation blockchain read more about how Tron has become the latest blockchain to deploy tether here HTTP colon slash slash t vo / u r VL d x MP s6 tether at tether to march 4th 2019 y tether is being ported tether is a cryptocurrency that is tied to the value of the US dollar and it’s token USD T derives its value from a reserve of the currency this means that tethers value is based on real assets even though it is tracked on a blockchain the company explains that the stab lakorn is blockchain agnostic in fact tether was originally created for Bitcoin but was added to ethereum last year tether also notes that porting the stab lakorn to various block chains will help achieve mass adoption meanwhile Tron notes the tethers integration will help attract investors and partners as for actual use cases Tron suggests that the token will become an important part of naps and decentralized exchanges a controversial stab lacoya despite its high standing tether has gained notoriety over the past year during that time tether has endured a bit for next deposit crisis been called an instrumental part of market manipulation and most controversially has had its United States Dollars reserves called into question however it is not clear how much of this criticism is actually valid even though new studies are showing that tether does have adequate reserves the controversy has endured assuming that tethers numbers are indeed accurate USD T has a market cap of 2 billion dollars making it the largest stab lacoya Tron which has a market cap of 1.5 billion dollars has plenty of wealth to contribute a big addition for Tron from another angle the partnership may be more important for Tron than it is for tether touken landscape is fairly barren despite its best efforts to compete with ethereum by contrast if areum has been used as the basis of multiple high ranking altcoins including by Nan’s coin zaleka and AMA say go Tron has had one big success though the platform’s BitTorrent token has garnered plenty of attention over the past two months it is hard to say whether other Tron based tokens will gain ground but in the meantime Heather will give Tron one more partnership to pin on its lapel thanks for watching The Ohio Bitcoin calm Bitcoin news channel today we appreciate you spending some of your valuable time with us disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither Ohio Bitcoin comm nor the author is responsible for any losses or gains has the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more Bitcoin headline news and analysis soon breaking crypto news up it to list crypto calm chain token CRO test net date set crypto calm – open source the chain test nut V 0.1 on Wednesday March the 20th – crypto calm the pioneering payments and cryptocurrency platform announced that its crypto calm chain token CRO will be listed today on a bit a leading global digital asset exchange based in south korea up that announcement in korean the crypto calm chain is a high performing public flock chain powering crypto dot-com pay which allows customers to pay for goods and services with cryptocurrency while receiving generous cash back rewards for merchants crypto dot-com pay offers the option to get paid in any crypto without being exposed to its inherent volatility and enjoy greatly reduced processing fees and instant settlement Christmas slack co-founder and CEO of crypto dot-com said we’re thankful to a bit for their support of our project our chain team is on a tear recently the crypto dot-com pay SDK shipped to merchant partners last week on top of opening of the pay platform to our 400,000 users this week our team has scheduled to open source the first version of chain test at on Wednesday March the 20th as a part of a broader dev update this is another milestone achieved the head of Chantry all communicated in the CRO whitepaper CRO is now trading on a bit learn more about the crypto comm chain by visiting www.disabilitydenials.com for MU us-based exchange about crypto comm crypto comm was founded in 2016 to accelerate the world’s transition to crypto currency key products include the crypto comm wallet and card app the best place to buy sell and pay with crypto the MC o Visa Card a metal card with no annual fees and the crypto comm chain which enables users to pay and be paid in any crypto anywhere for free crypto comm is headquartered in Hong Kong with a 120 plus strong team for more information please visit www.ajustlock.com for the formula for a better banking model matched funding deposits loans plus insurance plus locked Shane technology this will help reduce inequality combat authoritarianism and diminish excess variance in the business cycle in this coming struggle you are either with the spirit of our better human values epitomized by Satoshi Nakamoto or you are with the big banks if the idea of a better banking model speaks to you and you are willing to get your hands dirty join us the problem billions of people live in a darkness that a better banking model can lighten according to the World Bank approximately 3.5 billion people live in poverty and don’t have a savings account at Bank dot 1 this means that a couple in Mozambique has no savings mechanism that could help them in they hope to educate their daughters like many their only choice is to operate in cash even though the father has a job the human rights foundation estimates that 4 billion people live under authoritarian governments dot 2 this means that a young man studying in Vietnam keeps quiet about the malignancies he sees in the system he does this because he dreams of getting married and to get the girl he needs a house and to get the house he needs a mortgage from the state bank consider this reality closer to home Bank of America will charge low income customers 12 dollars per month for their checking accounts unless they have a $1,500 account balance at Laura underscore Nelson Twitter 2018 finally a bank with some fresh ideas on how to make poor people poorer at kishan Akali twitter 2018 let’s see what binds these people together a secure savings account is foundational to a full life a life where the individual can express the truth as they see it and also participate in the natural uplift of the real economy it is the solid ground that allows us to formulate our own thoughts without outside influence and provide a better future for our families although we tend to overlook such basics in the West the virtues arising from secure savings nouns are indispensable to higher-order democratic structures this can be seen graphically as a kind of Maslow hierarchy of needs hierarchy of needs for a healthy society if you want to reduce poverty you need to start at the bottom of this hierarchy and let the benefits flow upwards similarly if you want to promote democratic societies you need to get the bottom right in the first place there is typically a positive statistical correlation between poverty and an authoritarian form of government and between wealth and liberal democracy this flows not from elections at the top but from secure savings accounts at the bottom plugged into the real economy where people have the independence to come up with their own opinions without coercion and are able to share in the productivity of the economy societies flourish so what binds those living in authoritarian countries the unbanked in Africa and the financially excluded in America together they are all missing the secure productive savings account foundation needed as a defense against the related evils of authoritarianism and inequality what would core banking look like if it were truly to serve society a core banking system built to serve society would have the values set out below independent meaning that it should be censorship resistant and self controlled so governments cannot seize a person’s account people need to have security over their money without fearing government retribution for any exercise of their human rights fare the system should channel the productive returns of lending in the real economy to savers without the banking sector capturing the majority of such returns everyone with savings no matter how small should be able to benefit from this natural uplift today’s fractional reserve banking system is designed for the benefit of the few rather than the many the very nature of fractional reserve banking is incompatible with a truly healthy society the origins and basis of our banking system our banking system originated from precious metal guilds in the Middle Ages deposited gold mainly represented value that had already been created in the economy these goals developed the concept of issuing paper I Oh use against the deposited gold as not all depositors typically demanded their gold back at the same time this led the depositories to issue more paper io use for making loans from the gold that they held they retained a fraction of the gold in case a merchant needed physical gold these depositories evolved into today’s banks whose core model is based on the same fractional reserve concept this core banking system is inherently dishonest at its heart are three fundamental lies that pervert society and the economy one the bank will tell you that the money you deposit belongs to you in fact legally the money becomes the property of the bank in law you are an unsecured creditor to them in return the bank gives you an IOU called a deposit account the deposited money is recorded as an asset on their balance sheets and deposit accounts are recorded as their liability to you – the bank will tell you that your money is safely held at the bank in fact the bank holds only a fraction and then loans the rest of it out if you want more than this fraction of your money back the bank takes it from elsewhere 3 the bank will tell you that your funds are insured by the government up to a certain amount in fact there is no government insurance fund that corresponds to these deposit amounts it isn’t insurance it is a government undertaking in a failure situation to print more money to give to the banks so that they can repay the liability to you fractional reserve banking is illustrated below fractional reserve banking an inverted house of cards banking’s greatest deception is that the power of money creation is mainly in the hands of big commercial banks not the state the Federal Reserve doesn’t create most of the money in the United States large American banks do through the loan deposit account process since both paper money and bank created money you have purchasing power they are both officially considered money why does the current core banking system suck there are two main why this core banking system sucks it leads to inequality in society and it’s dangerous for the economy inequality in society the banking system uses the funds of depositors as their own to make higher returns driven by profits on loans deposits and loans of a core of banking and are exceptionally profitable given the risk assumed the system essentially is a mechanism for taking a little bit from everyone and channeling it to owners who are disproportionately there one the cent of society all depositors are disadvantaged by their exclusion from the rewards of the natural productivity of the economy whether they are middle-class savers in America or a wealthy family office in Switzerland or a corporation in Japan in addition the biases in the landing process driven by a human preferences that manifest themselves technically in the debt service coverage ratio or interest rate on loans inevitably favoring groups over out groups this bias is institutional exacerbated by the structural nature of fractional reserve banking father the current banking system has completely failed the poor Craik and CEO jesse powell accuses the block of reporting factually inaccurate news jesse powell Krakens chief executive officer had a heated conversation on twitter with mike dudas the founder of the block with the former accusing the publication of presenting factually inaccurate statements in an article that attacked Cragen for reporting false trading volume the article in question published on march 13th cited an anonymous trader who allegedly revealed how an institutional account executed a stop order well below the set price reported you today the report also stated that 10k worth of ethereum meth was adequate for the assets price to dip by 4% which could be an indication of craic and not reporting it’s true trading volumes in response to these accusations Powell claimed that the assumptions and conclusions reported in the article were factually incorrect the CEO said that the anonymous trader behind the tip-off did not have any basic understanding of the market Powell also called out the article for misleading information citing the 10k ethereum comment as one that would make an readers believe that $10,000 could affect the price of the second-largest cryptocurrency the CEO demanded an apology and said I’m defending myself you hit first and you hit without provocation you turned a one-off tip into a hit piece without so much as taking a comment from us now we’re getting to euphemisms I see your media piece is an attack I’ll accept an apology Powell also listed the false comments made in the article in a tweet source Twitter previously Powell had accused dudas of being an epic nutrino apologist for trying to hush the number to let a coinbase conspiracy despite the block writer Larry Sir Mark claiming the coinbase had no influence on their reportage Powell did not buy it Powell said your coverage of coin bases murderous past looks like coverage of a stoploss your coverage of a stoploss looks like coverage of a murderous past dude has previously admitted to having multiple good friends at coinbase the prominent exchange had also invested in the block he said source twitter thanks for watching the ohio bitcoin comm bitcoin news channel today we appreciate you spending some of your valuable time with us disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither ohio bitcoin calm nor the author is responsible for any losses or gains as the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more bitcoin headline news and analysis soon gibraltar stock exchange deploys digital exchange prototype on new blockchain the Gibraltar stock exchange gsx group announced today it has successfully deployed a gsx digital stock exchange prototype and a demo bond issuance on the securities trading asset classification settlement stacks networks global test net using distributed ledger technology DLT the stacks network is designed for capital markets it is a new generation scalable ledger network layer that seamlessly stacks on top of existing financial institutions and enables the tokenization of the financial services industry hash stacks which develop the Stax network is a joint venture between the GS X group Chong Tseng FinTech Holdings Limited and prima link technology Company Limited through this demonstration of the Stax global test net and GS X prototype hash Stax incorporated as embarked on its pilot deployment phase the GS X prototype has the capacity to launch the bond on Stax track selling reports in for selling and eligibility restrictions and distribute repayments using smart contracts the demo bond issuance bring GS X a step closer to its ambition of enabling the issuance trading and clearing of digital securities on the blockchain over the coming weeks more features and different classes of digital assets will be developed within the GS X prototype our vision of GS X has been to revolutionize the current capital markets model by enabling the listing and trading of digital securities this is the next significant step in a new paradigm for global finance opening up new liquidity pools and products the successful demo bond issuance on Stax brings us closer to achieving our goal as one of the first movers in this nasan technology the GS X will continue to push the boundaries and advocate for greater adoption so together we can direct the future of capital markets neck count CEO of the GS X and founder of the GS X group the Stax network is built specifically to meet the unique requirements of financial institutions the distributed ledger technology supports both unspent transaction output luxo and the double entry accounting method used in finance unique customisable consensus logic and innovative node design allow full customization according to each financial institutions requirements Stax natively supports kml requirements and the use of smart contracts on both javascript and solidity the network has achieved more than 10,000 transactions per second during testing we are extremely excited about the achievement today the successful deployment of the Stax global test net and GS on the stacks network is an important milestone in the finance industry’s journey toward a digital asset era we are proud to be spearheading this evolution with the Stax network alongside many top-tier forward-looking institutions we are excited to broaden our partnership base and encourage companies and institutions to use the global test net and join us on this journey Jayenge Managing Director at hash Stax in November 2018 gsx group faced in their new utility token stacks it is to be used to pay sponsor fees listing fees and trading fees thanks for watching the Ohio Bitcoin calm Bitcoin news channel today we appreciate you spending some of your valuable time with us disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither Ohio Bitcoin comm nor the author is responsible for any losses or gains has the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more Bitcoin headline news and analysis soon despite Bitcoin crash Wall Street veterans are tackling institutional crypto over recent months blockchain calm coin base and coin list have all announced the loss of Wall Street veterans slated to help the startups in their foray into the institutional side of the crypto coin but startups in this space seem to be poised to welcome financial institutions into the Bitcoin BTC realm with open arms the fact that such companies continue to get funded should be an indicator that the institutional herd is coming as former goldman sachs partner mike Novogratz likes to put it Goldman Sachs executive AMI raises 12 million dollars last year Gregg – sir the former head of electronic trading at Goldman Sachs and his partners quietly launched a cryptocurrency focused startup named to go me while the company did face an uphill battle due to the falling market the venture launched in mid-december just as BTC established of fresh low at the heroing price point of 3000 $150 for those who missed the memo here’s a tad bit more about the project and what it aims to accomplish in this embryonic space Tacoma is focused on providing prime broker-dealer services primarily for its bigwig clients the American start-up intends to produce a liquidity pool easing slip page for gargantuan block orders while ensuring the transparency and proper trade reporting is upheld in a separate interview with the block to sir alluded to the fact that to go me is or is aiming to fill that gaping hole in this industry and quick he explained that there hasn’t been a single platform that had shepherded clients from depositing fiat deciding on an investment thesis allocating capital to cryptocurrencies securing holdings and all the way to managing these investments for the long haul while this premise already secured a stamp of approval from Peter Thiel the dawn of the so-called PayPal mafia which includes eel and musk lighting Network supporter Reed Hoffman Pro crypto David Sachs to Gomi recently closed another round of funding even amid lackluster industry conditions to sir and his peer former Union Square Ventures analyst Jennifer Campbell sat down with Bloomberg to discuss the subject matter on Monday in the interview the do well revealed that to Gomi raised 12 million dollars in its second round from investors like the Yale University backed paradigm and Pantera Capital overall the company has raised twenty eight million dollars so far embedded content Campbell noted that with this money to go me will continue to act as an agent for companies and traders looking to issue large transactions while remaining relatively anonymous she hinted at the fact that this simple feature could entice bigwigs to invest as they want control over their crypto trading while still keeping privacy at the forefront to Gomez recent fundraise only underscores that venture capitalists are still siphoned millions of dollars worth of capital into this space almost as if there is no tomorrow blockchain publications unit Dyer reported last week that over crypto single decade of history investment groups have given industry companies over five billion dollars 1.6 billion dollars of which found it’s way into the wallets of startups just last year related reading despite bare market crypto startups got boosted by billions in 2018 and with this in mind some argue that it appears that such investors see long term potential in this asset class but interestingly venture capitalists seem to see more value in equity positions rather than physical cryptocurrencies themselves crypto infrastructure still trending strong tegami isn’t the only industry startup focused on building out infrastructure to have seen notable levels of success in recent memory fidelity investments recently revealed that it will be releasing its cryptocurrency custody services in the coming months which may be a medium for institutions to make a notable entree into this space fidelity’s research division also recently took up the Lightning Network torch as reported by Newsweek the company could be looking into integrating the scaling solution in some way shape or form into its vast array of financial offerings back a crypto startup backed by the IntercontinentalExchange ice Microsoft and Starbucks the chain may accept PTC payments in the coming months also intends to launch its services meant for merchants institutions and consumers alike sometime in 2019 in an earnings call Jeff’s pressure of ice noted that backed is a moonshot bet but should become a very valuable company over time across the pond entrepreneurs have also been pushing for institutional adoption Hong kong-based coin super revealed that it intends to beckon non retail clients into the cryptocurrency space especially as local authorities have cleared the regulatory waters around their thoughts on this asset class but will institutions take the queue thanks for watching The Ohio Bitcoin com Bitcoin news channel today we appreciate you spending some of your valuable time with us disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither Ohio Bitcoin comm nor the author is responsible for any losses or gains has the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more Bitcoin headline news and analysis soon Apple co-founder Bitcoin BTC has seen massive value creation and will become world’s reserve currency Apple’s co-founder Steve Wozniak spoke about Bitcoin at one of Bloomberg’s events on 26 February 2019 he also addressed topics ranging from AI and machine learning to Bitcoin and how it will become the world’s reserve currency Steve Wozniak Walker The Wonderful Wizard of was is an American inventor and electronics engineer who co-founded Apple with Steve Jobs during his sit-down with Bloomberg Smouse if game or Eldon Wozniak said that he still stood by his prior comments about Bitcoin becoming the world’s reserve currency Wozniak added I’m not sure that I can buy that we’ve seen massive value destruction but I think we’ve seen massive value creation psychology will often drive markets I never invested in Bitcoin as an investor I only had Bitcoin to experiment with and find out how to buy and sell things around the world and find restaurants that accept Bitcoin the co-founder further said that he still had some bitcoins which he experiments with on new devices and applications Wozniak first gave his insights on Bitcoin and ethereum at the 2018 crypto summit at the summit he referred to blockchain as a new technology that is changing the face of financing Steve further said that locked Shane was still in the NASA space and knew things are exciting and what drive us and push us at the money 20-20 events Wozniak called Bitcoin pure and stated bitcoin is mathematically defined there is a certain quantity of Bitcoin there’s a way it’s distributed and it’s given and there’s no human running there’s no company running and it’s just growing and growing and surviving victim II says something that is natural and nature is more important than al are human conventions thanks for watching the Ohio Bitcoin calm Bitcoin news channel today we appreciate you spending some of your valuable time with us disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither at Ohio Bitcoin calm nor the author is responsible for any losses or gains as the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more breaking Bitcoin headline news and blockchain analysis soon crypto businesses being turned away from banks report says crypto businesses particularly the smaller ones are facing the ongoing problem of banks refusing to open accounts for them a March 3rd 2019 report says turned away while large financial institutions like Julius Baer and JP Morgan have jumped headfirst into the crypto market it seems companies in the same space are struggling to accomplish one of the most basic tasks for modern businesses opening a bank account on March 3rd 2019 report from Bloomberg reveals that many business owners of blockchain and cryptocurrency focused companies are having a hard time getting local banks to open business accounts for them entrepreneurs from the United States and Europe reports similar treatment from local banks with some of the establishments including HSBC Holdings plc and ironically Morgan Chase & Company why the suspicions as the report pointed out some of these issues can be boiled down to the fact that cryptocurrency is still a new and emerging industry and thus there is less trust from financial institutions towards it another industry that was reported to have been struggling with the same issue was the nasan cannabis industry some of these suspicions are based on genuine reasons according to Robbie haben a lawyer and professor at the University of Antwerp who co-authored a paper for the European Parliament on financial crime involving cryptocurrencies a according to heaven for every legitimate entrepreneur in the crypto industry there are many that merely want to use it as a front to evade taxes or scam people another contributing factor is the public attention that cryptocurrency has received for being involved in crime such as the Silk Road incident in 2013 and also its use for bribery and kidnapping purposes while there are many legitimate reasons for a crypto firm to open a bank account it is a much easier task for banks to issue a blanket ban on the industry than sort on a case-by-case basis there is also the cost issue for banks the law requires that banks be sure of the identity of those that give accounts to in some might field that it isn’t worth the cost to set up compliance systems regardless these practices do nothing for the growth of the industry and only serve to perpetuate the idea of the crypto industry being shady denying basic banking is madness impede sector growth and forces companies to get creative to solve the problem said Ben Sibley the head of brokerage and KB Group the banks are being overly prudent thanks for watching The Ohio Bitcoin calm Bitcoin news channel today we appreciate you spending some of your valuable time with us disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither ohio bitcoin calm nor the author is responsible for any losses or gains has the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more bitcoin headline news and analysis soon you

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