Category: deposit

Quadrigacx Cold Wallet Was Stored in a Safety Deposit Box

Quadrigacx Private Keys Were Held in Safety Deposit Box During 2014In a 2014 appearance on the True Bromance Podcast, Gerry Cotten, the late CEO of embattled Canadian cryptocurrency exchange Quadrigacx, made comments indicating that the exchange was storing customer funds using paper wallets. Cotten also compared losing the private keys for a bitcoin wallet to “burning cash.” Also Read: Market Cap: A Flawed Ranking System for […]

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Swiss Bank Partners With Bitstamp to Enable BTC Funding and Withdrawals

Swiss Bank Partners With Bitstamp to Enable BTC Funding and WithdrawalsCryptocurrency exchange Bitstamp has partnered with a Swiss bank to allow the bank’s customers to fund their dollar-denominated accounts with BTC as well as withdraw funds in the cryptocurrency. Deposited coins are converted to USD. Withdrawals are converted to BTC and transferred to the crypto wallets linked to client accounts. Also read: Indian Supreme Court Moves […]

The post Swiss Bank Partners With Bitstamp to Enable BTC Funding and Withdrawals appeared first on Bitcoin News.

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Bitfinex Introduces Top Secret Banking System

Bitfinex Introduces Top Secret Banking SystemBitfinex has restored the ability of customers to make fiat currency deposits. Details of its new deposit system remain shrouded in secrecy, however, with the exchange going to extraordinary lengths to conceal the identity of the bank(s) in question. Its “distributed” system, designed to circumvent censorship, has brought the critics out in full force. Also […]

The post Bitfinex Introduces Top Secret Banking System appeared first on Bitcoin News.

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