Bank Threatens To Close Accounts Of Bitcoin Buyers

Lakestone Bank & Trust sent a letter to its client, threaten close client's account if cryptocurrency transactions continue
20 December 2017   2371

Today Jordan Spencer, a client of Lakestone Bank & Trust, said on his Facebook account that the bank sent him a letter, informing that purchases and receiving funds from is against Lakestone’s policy and the bank will close Jordan’s account if transactions continue.

In response to the banks actions, the community of Facebook gave a lot of negative feedbacks on Lakestone bank Facebook page, stating the bank is not allowed to dictate its clients to abandon investment in bitcoin or other alternative coins.

At the moment of press, the rating of Lakestone Bank on Facebook is 1.1/5.

Casa to Launch Lightning Node Mobile App Called Sats

Casa to Launch Sats App With Lightning Network Support
04 July 2019   1008

Casa startup, specializing in the creation of secure storage systems for private keys, introduced a mobile bitcoin application Sats App, which makes it easy to manage Lightning-node.

Sats App is positioned as a non-custodial bitcoin wallet "with unique functions." According to Casa CEO Jeremy Welch, the SatsBack reward program will soon be launched, under which users will receive small amounts in BTC. For example, for connecting an application and a Casa Node device to each other, the user will receive 20,000 Satoshi.

Features are focused on increasing adoption of bitcoin and lightning nodes. You will be able to earn bitcoin if you don’t have a Casa node, but you will be able to earn bitcoin faster if you have a node.

Jeremy Welch 

CEO, Casa

He also added that the application, available for iOS and Android, is “secure, private and connects via Tor”.

According to CoinDesk, the startup earlier raised $ 3.5 million from Castle Island Ventures, Boost VC and Compound, and several other investors. Currently, a startup staff of 25 people serves users from 60 countries.