Your Daily Bitcoin News - Coin Update

Your Daily Bitcoin News

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NEWS TAILORED FOR YOU
October 13, 2017 | $5,652.87

Coinbase Users Can Now Use Bank Accounts to Instantly Purchase Cryptocurrency

San Francisco-based company Coinbase just announced they will allow customers to buy bitcoin, ethereum, and litecoin instantly with bank accounts. Each customer can buy up to $25,000 with this service. Previously, people could only conduct instant purchases with debit cards. This service requires users to provide their account numbers and routing numbers. 

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Bank of Lithuania Discourages Financial Institutions From Dealing With Virtual Currencies

The Bank of Lithuania has issued an official position regarding initial coin offerings (ICOs) and cryptocurrencies, in which the central bank encourages banks to withhold financial services from businesses operating with virtual currencies. Lithuania's central bank also expressed its belief that ICOs should be regulated as securities.

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Fueled by Bitcoin, Fintech Booms in Europe as its Banking Cartels Aim to Slow Pace

Legacy banking in Europe colludes to deny access to financial technology (fintech) companies, bitcoin-related and others, in an effort to retard growth, the European Commission alleges. 

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UK's Tickmill Adds Bitcoin to its Forex Platform

United Kingdom dominance in the European financial technology sector continues with over-the-counter (OTC) exchange Tickmill trading in bitcoin.

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The Pirate Bay Resumes Running In-Browser Javascript Cryptocurrency Miners

The major torrenting website, The Pirate Bay, is reported to again be using cryptocurrency mining scripts on its website. Last month, it was discovered that The Pirate Bay had embedded multiple Monero miners on its website, which the company claimed was being trialed as an alternative revenue model to hosting ads.

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Iranian Computer Hardware Company Accepts Bitcoin

Lioncomputer is an Iranian computing hardware company that has been operating since 2004. Yasser Ahmadi of Lioncomputer told news.Bitcoin.com that Lioncomputer has sought to actively engage with the Iranian bitcoin mining community, stating that since 2013, the company "has supported miners through mining forums and provid[ed] them with the latest mining hardware." Mr. Ahmadi claims that Lioncomputing has been "the biggest online hardware shopping website in Iran [since] 2013."

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