Source Fortune.com
Metropolitan Bank Halts International Wire transfers
Coinbase, is among the companies that use Metropolitan for wire transfers Deposits and its Shift BTC debit caard. The bank has not yet declared whether it will resume or not. And they are not replying to comment on the matter, nor about what will happen to international customers money still in the bank. The reason for shutdown according to an investment firm was the bank "could not verify the compliance of international wire transfers for cryptocurrency accounts"
http://fortune.com/2018/01/14/metropolitan-bank-cryptocurrency-wires/
Petition at 71,192
100,000 South Korean Residents Petition against legislation
More than 4,000 different petitions have been filed related to virtual currencies since Jan 10th. One petition asking for the Minister of Justice to step down received 30,000 signatures alone. And, another received in excess of 100,000 and even was inaccessible because of excessive traffic.
https://www.coindesk.com/crypto-crackdown-talk-draws-ire-supporters-politicians-south-korea/
The government is responding saying that they will take no action hastily.
https://cointelegraph.com/news/south-korea-clarifies-position-on-crypto-regulation-amidst-confusion-in-mainstream-media
Kraken back up after going down for 24hrs
Yer kraken is sinkin' matey! I'm a Kraken user, and the service has been degrading drastically and I think this update was meant to help? However, Kraken employees severely underestimated their downtime. This amount of downtime for an exchange is inexcusable. There should be systems in place to make sure this does not happen. I wouldn't recommend Kraken's service, to anyone-not even if I had a worst enemy.
https://news.bitcoin.com/kraken-exchange-returns-after-longest-downtime-since-2013/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications
Bittrex death of alt's
Bittrex been slimming it's cryptos over the last year. Delisting cryptos for apparently no reason. Ones that had still a decent amount of volume, yet they have the power to nearly kill these coins just by delisting them.
Source: News.bitcoin
this can't be healthy for our crypto world. This is another reason we need a decentralized exchange.
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So true
Bittrex is a major exchange.
It is tedious to onboard and get approved because it is big and 'official'
And, as it has so many subscribers, something goes wrong with one of us - it really has no spur to sort the issues out - like a smaller exchange focused and determined to keep its customers.
Major Exchanges have limited coins anyway.
Thus, you cannot use Major exchanges to fully take advantages of lucrative up an coming coins.
So these big exchanges become nothing more than a glorified safety deposit box - Trezor or Ledger - far better and safer for that.
And, these big exchanges are just as likely or more so, to go Gox on us.
I have never understood why people go for big well known brands.
It makes absolutely no sense to me - I guess that is the contrarian in me.
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That's a great news of crytpo news my friend...I follow your every post.and i like it..Actually you provide crypto news and update..Just amazing.
Carry on your activity in steemit..
Best of luck...✌✌✌✌✌
I will wait your next post..
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When is open Bittrex and Coinbase for new users ?
is there any new news up.
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Good job man...Ur doing better than me..Keep it up..
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