Opinion
Big banks have closed thousands of customer accounts without warning or explanation to their customers. Saturday Night Live treated victims like a joke.
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Bank Accounts News
A bank account is an account opened and provided by a bank for an entity or individual for their participation in a cashless money flow or storing of money for further use. There are about eight different types of bank accounts, depending of the purpose of use. Moreover, it is currently possible to check bank accounts online and get all the necessary information without leaving home. Since the cryptocurrency industry has grown and become more popular, many startups related to this technology have appeared. However, because cryptocurrency regulation has not been established in many countries, opening bank accounts for Bitcoin-related businesses can become a difficult task. The specificity of this market means that just a few countries are ready for such financial innovations and just some of them allow opening accounts for that purpose.
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The account services for crypto firms come at a time when United States-based companies are struggling to find local banking partners and are frequently looking abroad.
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Tether has hit back at a Wall Street Journal report detailing alleged shady dealings by it and Bitfinex to open bank accounts.
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Celsius halted withdrawals on the platform on Jun. 13 and filed for bankruptcy a month later on Jul. 13.
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The Bahamian Securities regulator was ordered to offer custody for digital assets belonging to bankrupt crypto exchange FTX on Nov. 12.
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United-States-based Twitter users had been reporting suspicious data access requests from FTX.US to their bank accounts.
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A new protocol enables atomic swaps between fiat and crypto — enabling digital assets to be bought directly from a bank account within minutes.
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Major cryptocurrency exchange Poloniex announced that it now allows its users to use credit cards and bank accounts on the platform.
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Crypto lending company BlockFi has lowered the interest rates for their biggest cryptocurrency deposit accounts.
5493 Only 27 out of 100 banks got ‘Honor Roll’ status during the online security test by OTA which means less than half of top 100 banks in the US scored the acceptable rating of 80% when it comes to security.
9877Finnish law will enable citizens from any EU state to open a dinosaur bank account Finland from January 1, but information-sharing could mean this is a mixed blessing.
1411US-based consumers are faced with substantially high overdraft, monthly, ATM and NSF fees. Storing money in bitcoin wallets is by far a safer investment method for any traders, investors and consumers.
675Bank accounts for RT News in the UK have been arbitrarily closed. Bank account closure is becoming common in Europe, but Bitcoin cannot be centrally shut down.
637Hundreds of thousands of Greeks have lost their hard-earned savings to government seizure this year, exponentially more than in previous years. Time to get some Bitcoin!
12222Sweden’s largest dealer in gold and silver just got a nasty surprise from the banks in the form of their account being shut down. Time to ditch the old financial system and use Bitcoin?
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