Japanese bitFlyer to support Bitcoin Gold completely

Japan’s largest and best-funded Bitcoin exchange announces its plans on Bitcoin Gold
24 October 2017   1416

Japan’s largest and best-funded Bitcoin exchange, bitFlyer, unveils its plans concerning the upcoming Bitcoin hardfork. Thus, unlike many other companies, the company is going to support the new cryptocurrency - Bitcoin Gold. 

As detailed, bitFlyer is to distribute Bitcoin Gold (BTG) to users prior to the split of the Bitcoin blockchain, as well as to launch trading services in support of the new cryptocurrency, enabling users to sell, deposit and send BTG from their bitFlyer accounts.

We will credit you with an amount of BTG corresponding to the amount of Bitcoin (BTC) in your bitFlyer account prior to the split. 2 If the BTG split is deemed by bitFlyer to be permanent and secure in regards to customer assets, you will be able to own both BTC and BTG in your bitFlyer account.
 

bitFlyer's announcement on Bitcoin Gold

According to the company, Bitcoin Gold withdrawals and deposits will be enabled by the exchange “after sufficient observation of the stability in the BTG chain after the split”.

Bank of America: Cryptocurrencies Are a Threat

Bank of America (BoA) has admitted to US regulators it can not pretend any longer that cryptocurrencies are not a threat
23 February 2018   124

On February 22, the report was filed with the US Securities and Exchange Commission (SEC). It listed a range of economic, geopolitical, and operational risks that the Charlotte, NC-based bank faces as it heads into the new fiscal year. Crypto adoption was on the list for the first time.

Bank of America (BoA), which recently banned purchasing of crypto with credit cards, stated that this and other similar policies could cost the bank clients.

Clients may choose to conduct business with other market participants who engage in business or offer products in areas we deem speculative or risky, such as cryptocurrencies.

The second largest bank in the U.S. said that adoption of cryptocurrencies could require the bank to make “substantial expenditures” to update its existing services and remain competitive with upstart firms.

The widespread adoption of new technologies, including internet services, cryptocurrencies, and payment systems, could require substantial expenditures to modify or adapt our existing products and services.

According to the Bank of America, cryptocurrencies could limit the institution’s ability to comply with anti-money laundering regulations.

Eventually, this is one of the first public admissions that financial institutions are beginning to worry that mass cryptocurrency adoption could one day become a reality.