How to turn your blog into a bank

  Are you a blogger? Looking for a way to monetize your content? Why not turn your blog into a bank.   How to turn your blog into a blockchain bank – Before you start you need to understand the concept of blockchain and we will show you how you can use the EOT blockchain to turn your blog into a bank.   What is a blockchain? The EOT Blockchain is an immutable record of all EOT transactions, stored on a network of computers thus creating a distributed ledger of all…

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Bank of America says Bitcoin is a business risk and competitive threat

According to public records, Bank of America has cited cryptocurrency as a material risk to its business and that the technology could hamper the second-largest U.S. bank’s ability to comply with anti-money-laundering regulations, pose a competitive threat and increase cost. This was according to the bank’s annual filing with the Securities and Exchange Commission.     Bank of America specifically mentioned “Cryptocurrency” in the section on risk factors.   The first reference is in the discussion of AML, know-your-customer, sanctions and foreign corruption laws in the U.S.   “Emerging technologies,…

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Will Regulators and Banks kill Bitcoin?

2018 has not started well for Bitcoin as the cryptocurrency started the year with 2 weeks of losses and last week we had four days of straight losses from Monday to Thursday.     Shock News for Bitcoin Banking   The year started off with a shock as Visa suspended a number of prominent cryptocurrency card providers without any notice, leaving some customers without cash. Some of the well-known companies affected were Cryptopay, Bitwala, Xapo, Bitstamp and many others. Bitwala also reported that their bank facilities were suspended with immediate…

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