Another three Cryptocurrency exchanges DUMPED by traditional Banking Industry

Yet another blow to cryptocurrency by traditional banking – this time in Chile. State-owned BancoEstado was providing financial services to the three exchanges but has just announced that their accounts will be closed in ten days.   This news was reported in the local newspaper, El Mercurio.     The bank announced – “BancoEstado adopted the decision, for now, not to operate with companies that are dedicated to the issue or creation, brokerage, intermediation or serve as a platform for calls or so-called cryptocurrencies.”   Orionx, CryptoMKT and Buda.com are the…

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Decentralized vs Centralized Bitcoin Exchanges, Binance wants both

Binance has just announced that they plan to develop a public blockchain in order to create a new exchange.  This time, a decentralized exchange.     Taken from the Binance statement:- “After extensively researching decentralized exchange frameworks and analyzing existing implementations, we believe significant improvements can be made in providing Binance users with a level of trading experience to which they are already accustomed. Centralized and Decentralized exchanges will co-exist in the near future, complementing each other, while also having interdependence. We stand here today because we believe that Blockchain…

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