ICO LIVE- LWF.Local World Forwarder, the World’s First Decentralized Logistics Platform

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PNC Bank Threatens to Close Customer’s Account for Buying Bitcoin

PNC Bank Threatens to Close Customer's Account for Buying Bitcoin

The PNC bank recently threatened one of their customers for purchasing bitcoin. The bank wanted to shut down the customer’s account. This has been a story floating around the internet the last few days. The victim was Elitoohey. He elaborated on the situation in a Reddit post, saying the bank started by asking him questions about recent bitcoin purchases. 

Also read: SPV Wallet Bread Lets Users Decide During the Segwit2x Hard Fork

“For What Purpose are You Buying Bitcoin?”

The banker wanted to know why he was purchasing bitcoin. The bank PNC Bank Threatens to Close Customer's Account for Buying Bitcoinseemed to be concerned about him buying and owning the digital currency. They goaded him about his purchase and pried into his business.

Toohey said, “He asked me to confirm a couple transactions then asked, ‘For what purpose are you buying Bitcoin?’ (he saw Coinbase and Xapo transactions). I told him I wouldn’t answer, he then asked ‘What are you going to do with the Bitcoin?’ I again told him I wouldn’t answer.”

The conversation escalated to the level of threats.

“Exit the Relationship”

The banker went on to tell Toohey that their security team would “exit the relationship” with him if he did not provide them with information. Under their threats and pressure, Toohey relented. He provided them with information, because he appears to not want to close his account and change banks.

I relented and told him “for investment purposes” hoping to avoid needing to switch banks. He said he thinks that might satisfy them but that PNC Bank wants nothing to do with Bitcoin.

The Story Emerges as Influential Bankers Voice Concerns

This story crops up as more news emerges of bankers and well known investorsPNC Bank Threatens to Close Customer's Account for Buying Bitcoin voice concerns about bitcoin and cryptocurrency. They are usually calling it a fraud as with the case of Jamie Dimon, or talking about how it is a bubble ready to pop in the case of Ray Dalio.

However, since some people in the cryptocurrency ecosystem believe bitcoin will undermine banks, it seems logical that bankers are pushing back against the technology.

What do you think about the bank threatening their customer? Do you think banks are worried about bitcoin? Let us know what you think in the comments below.


Images via Shutterstock


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Fintech Start-Up FidentiaX Introduces World’s 1st Marketplace for Tradable Insurance Policies

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صندوق النقد يقول التعافي الاقتصادي العالمي لم يكتمل

قال أعضاء صندوق النقد الدولي إن الاقتصاد العالمي يتحسن لكنهم أقروا أيضا بأن المصاعب لم تنته بعد في ظل استمرار معدل التضخم المنخفض والنمو الضعيف المتوقع والتعافي غير المتكافئ الأمر الذي ألقى بظلاله على تقديرات النمو.
ومع انحسار خيارات البنوك المركزية وسعي البعض للتخارج من إجراءات التحفيز التي يلجأ إليها في أوقات الأزمات، جدد صندوق النقد الدعوة لتبني سياسة مالية وإصلاحات هيكلية لتحمل مزيد من العبء في دعم التعافي بعد تجاوز أسوأ أيام العاصفة الاقتصادية.
وقالت كريستين لاجارد مديرة صندوق النقد للصحفيين يوم السبت “الإصلاحات الهيكلية التي يصعب تنفيذها في الأوقات العصيبة تكون أيسر كثيرا في أوقات أفضل لأن التوقعات أقوى”.
وقال بيان للجنة المالية والنقدية الدولية التابعة للصندوق إن تحسن الاقتصاد العالمي وزيادة الاستثمار والتجارة والإنتاج الصناعي يحسن التوقعات.
لكن بيان اللجنة حذر من ركون واضعي السياسات لمشاعر الرضا عن الذات وقال إن “التعافي لم يكتمل بعد” وإن معدلات التضخم دون المستهدف والنمو المتوقع ضعيف في العديد من الدول.
وحذر عدد من المسؤولين الماليين الذين شاركوا في اجتماعات صندوق النقد والبنك الدولي من أنه رغم تحسن اقتصادات العديد من الدول فإن البعض قد تخلفوا عن الركب.
وألقت التوترات التجارية بظلالها على حالة التفاؤل بشأن النمو العالمي والذي تبدت آثاره بالكامل على المحادثات الصعبة لتجديد اتفاقية التجارة الحرة لأمريكا الشمالية (نافتا) التي انعقدت بالتزامن مع اجتماعات الخريف لصندوق النقد الدولي.
ولم يرد ذكر التجارة في البيان لكن لاجارد سعت لبث قدر من التفاؤل قائلة إن تجديد اتفاقات التجارة القائمة منذ فترة طويلة في مواجهة التغيرات العالمية “أمر مشروع تماما”.
وقالت حين سئلت عن محادثات نافتا “التجارة محرك قوي للنمو والتجديد والمنافسة والإنتاجية.. يمكن أن تكون مفيدة لجميع الأطراف التي تشارك في هذه المفاوضات إذا نفذت بشكل جيد وهو المأمول”.

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ProsperiProp Announces Launch of First Ever Initial Coin Offering That Makes Property Investment Affordable to All

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Sellers of a Notting Hill Mansion in West London Only Accept Bitcoin as Payment

Property investment firm London Wall is selling its six-storey stucco-fronted mansion near Portobello Road in Notting Hill, London, England for £17 million, unsure how to pay taxes

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SecurityPlusCloud Rocks Cyber Security Industry with Announcement of World’s First Cyber Security Based ICO

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PR: Sportyfi – Decentralized Sports Investment Start-Up Endorsed by Soccer Superstar Roberto Carlos

Sportyfi – Decentralized Sports Investment Start-Up

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

UK-based SportyFi will disrupt the sports financing market by setting up a blockchain-based platform for fans and small investors. This will give up-and-coming athletes the opportunity to overcome the final hurdle before their career takes off. To set up the platform, SportyFi will launch the SPF Token Crowdsale on November 14th, 2017, with a hard cap of $16 million.

October 15, 2017, London, United Kingdom: London-based tech start-up SportyFi look for the back of the net with an innovative blockchain-based financing ecosystem. SportyFi will launch the Smart Manager Platform and the SportyFi Professional Fund, which will enable donations, detailed sponsorship smart contracts of various types, as well as complex investment smart contracts, where an athlete, a club or another sports organization will offer a long-term deal for a share of future income or other revenue stream in exchange for an upfront cash injection. This will surely address many of the liquidity issues present in the sports industry today.

The platform will enable a wider community to invest in sport, an industry worth USD 620 billion with constant growth. By disrupting the existing model for financing participants in sport, SportyFi will open a new chapter in the sports industry, democratizing sports investment. The platform is already in development and on schedule for a Q1 2018 launch.

Supported by a team which includes legendary international footballer Roberto Carlos, along with Olympians, NBA players, and Sports Officials, SportyFi looks set with the right backing to smash world records in disruptive technologies, and bring the right opportunities to the players that truly need them the most. Roberto comments below:
“I’m very happy to support SportyFi, which will work with young athletes at the most crucial point in their career and will give fans and small investors the opportunity to support them. Let’s find the next superstars together!”

Of course, professional sport today carries high barriers to entry – both for athletes, and small investors. Up-and-coming athletes at the outset of their professional careers face a lot of issues when it comes to funding training and participation in global events. The same goes for many sports clubs and organizations which face severe financial and liquidity issues. This is the basis of SportyFi’s creation of value – and the team knows all too well how many opportunities could be created for young athletes, which represents an opportunity for them too.

SportyFi Token Crowdsale

To fund this amazing project and bring athletes, financiers, and organizations closer together, SportyFi is holding a Token Crowdsale (ICO) on the 14th November 2017, running for a total of up to 17 days.

Headline Figures:
• Token Crowdsale starts on 14th November 2017
• SportyFi will be creating a total of up to 200,000,000 tokens
• Hard Cap $16,000,000 USD
• 10% bonus available to:
• Participants who contribute within first 72hrs
• Participants who contribute >100ETH
Token distribution:
• Up to 134,000,000 SPF Tokens (67%) will be distributed to the contributors in the SPF Token Crowdsale
• Up to 36,000,000 SPF Tokens (18%) will be distributed to the Founders and Team
• Up to 20,000,000 SPF Tokens (10%) will be distributed to the Advisors and Ambassadors
• Up to 10,000,000 SPF Tokens (5%) are intended for future incentives for fast growth (i.e. future strategic partnerships)

Contact Email Address
peter.sepetavc@sportyfi.io

Supporting Link
https://sportyfi.io/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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