Hong Kong Crypto Exchange Gatecoin Choked to Death by Banking Freeze

Hong Kong Crypto Exchange Gatecoin Choked to Death by Banking Freeze

TweetShareNowhere does the phrase ‘misfortunes don’t come singly’ appear to be truer than in the case of Hong Kong-based cryptocurrency exchange Gatecoin which has been hacked, had its banking accounts frozen, lost funds to a payment processor and now faces liquidation all in a span of three years.In a statement, Gatecoin revealed that it has…

‘Alt-Right Twitter’ Gab Moves to Bitcoin Payments Due to Banking Blacklist

‘Alt-Right Twitter’ Gab Moves to Bitcoin Payments Due to Banking Blacklist

Advertisement Twitter Facebook LinkedIn Upstart social network Gab has occasionally been dubbed the “alt-right Twitter.” A haven for mainstream social media castaways like Milo Yiannopoulos and even Alex Jones, the years-long spike in extremist right-wing terrorism has led to a backlash within the banking community toward sites which are seen to foster the ideology behind…

Teenage Bomb Hoaxer Jailed after Banking $800,000 in Bitcoin

Teenage Bomb Hoaxer Jailed after Banking $800,000 in Bitcoin

Advertisement Twitter Facebook LinkedIn An American-Israeli teenager who made bomb threats for a living has been sentenced to a decade in prison by a Tel Aviv court after making a small fortune in bitcoin. According to prosecutors, 19-year old Michael Kadar was responsible for around 2,000 bomb hoaxes between 2015 and 2017, threats which earned…

Major Indian Bitcoin Exchange Zebpay Shuts Down Due to Banking Freeze

Major Indian Bitcoin Exchange Zebpay Shuts Down Due to Banking Freeze

Advertisement Zebpay, one of India’s biggest cryptocurrency exchanges, has announced the shuttering of all exchange services on Friday following the central bank’s banking ban on the crypto industry. Launch in 2015, Zebpay started trading with an app-only service that quickly became one of India’s most-downloaded bitcoin wallet and exchange apps. With a know your customer…

NY BitLicense Chief Clashes with U.S. Treasury over Fintech Banking Charters

NY BitLicense Chief Clashes with U.S. Treasury over Fintech Banking Charters

Advertisement The New York State Department of Financial Services (DFS) has stated its opposition  to the U.S. Department of Treasury’s endorsement of regulatory “sandboxes” for fintech companies that essentially allow fintechs to receive special bank charters, according to a statement on its website by Maria T. Vullo, DFS superintendent and overseer for the state’s BitLicense regime.…