banks

Bitcoin needs to prepare for the attack from banks and governments

“Bitcoin ought to be outlawed.” Those were the ominous words of economist Joseph Stiglitz in an interview with Bloomberg last week. He’s not the first to say it and he certainly won’t be the last. In its short lifetime, Bitcoin managed to survive against all odds It kept grinding through the collapse of Mt Gox. It outlasted critics and doubters …


Australian Banks Reportedly Freezing the Accounts of Bitcoin Users

The Australian banks which have been accused of freezing accounts of Bitcoin users have been listed as the National Australia Bank, ANZ, Commonwealth Bank of Australia, and Westpac Banking Corporation. The claim was made in a tweet saying that user activity associated with certain websites (BTC Markets, CoinSpot Australia, CoinJar, and Coinbase) have been affected as triggering suspicious activity on Australian users’ bank accounts.