86 days ago • cryptodaily
Crypto ATM Decline: 5,700+ ATMs Shut Down in 2023
Crypto ATMs recorded a shocking decline in 2023, with over 5,700 automated teller machines decommissioned. The total number of crypto ATMs dropped from 39,350 to 33,620 across 71 countries.
119 days ago • cryptodaily
Vechain (VET) and Monero (XMR) Are Bullish: ScapesMania Presale Sells-Out Fast
Discover the recent cryptocurrency market surge, driven by Bitcoin's climb above $38,000. Explore the optimistic atmosphere and bullish sentiment, especially focusing on altcoins like VeChain (VET) and Monero (XMR). Gain insights into the technical analysis for VeChain and Monero, understanding their outlook and significance in the market. Learn about the price predictions for these altcoins and the importance of monitoring mixed signals.
156 days ago • cointelegraph
California bill aims to cap crypto ATM withdrawals at $1,000 per day to combat scams
A new legislative investigation found some crypto ATMs charging a premium as high as 33%, while a few ATMs had limits of up to $50,000.
218 days ago • cointelegraph
Crypto Banter’s Ran Neuner says Ripple is ‘despicable,’ tips hat to ZachXBT: Hall of Flame
Crypto Banter host Ran Neuner takes aim at Ripple and FatMan Terra, tips his hat to ZachXBT and explains his young kids can read charts.
223 days ago • nulltx
Crypto Whales Remain Active Amidst Yesterday’s Dump
The recent significant price drop in the crypto markets happened yesterday and it has left an atmosphere of uncertainty and volatility. The aftermath of this event has been marked by notable activities, particularly in the Bitcoin (BTC) realm. Large transactions of $1 million or more involving BTC have become conspicuous, a sign that influential holders, […]
225 days ago • cryptodaily
Banks are removing cash from society - Bitcoin anyone?
The path to government control with central bank digital currencies is becoming clearer as cash is being stealthily removed by banks.
ESG is the excuse
Despite government saying that cash will be around for a very long time yet, steps are being taken to broaden our “cashless society”, as bank branches close and ATMs are being taken away.
So how are banks managing to get away with this?
They are seizing on the Environmental, Social, and Governance narrative (ESG) which has become de rigueur in Western society, and which has become a rallying cry for governments and big business looking to shut down anyone and anything that doesn’t fit with their ideals.
For example, if someone goes to their local bank branch or ATM to withdraw cash it is being stated by banks that they are emitting carbon in their movement. The fact that if they weren’t going to the bank they would be going somewhere else and still would be emitting carbon isn’t discussed.
In addition the banks say that ATMs use a lot of electricity, plus if someone is making a deposit or withdrawing cash someone in the branch has to deal with this, thereby adding to more electricity and carbon emissions.
Is this all just nonsense, and is all this being used to justify the banks’ desire to eventually remove cash from society?
NatWest sets cash limits
NatWest, one of the biggest banks in the UK, coming under the umbrella of the Royal Bank of Scotland, which owns Coutts (Nigel Farage scandal), and other banks, has recently decided to give itself the right to set limits on customers’ deposits and withdrawals.
The bank hasn’t yet said how much these limits will be, but Neil McCoy Ward who has a YouTube channel with 413,000 subscribers is surmising that the daily limit could be £250. The limit is set to be imposed on September 11.
Banks are closing all exits
Banks are currently under a lot of pressure, not just in the UK but around the world. Three major banks have collapsed in the US, and Credit Suisse was recently taken over by UBS in Europe. If it were not for the US Federal Reserve and the European Central Bank the contagion would very likely have brought down the entire global banking system.
Governments must know how shaky the fiat monetary system has become and therefore it appears they are giving banks carte blanche to do everything they can to stop customers from moving their funds.
Citizens are forced to own bank accounts if they want to be able to pay their bills etc. However, banks no longer provide any kind of service that would make up for customers’ depreciation of purchasing power, inflation, and the possibility that their bank might fail and decide to bail them in.
Central planners are starting to close all the exits from the fiat monetary system at the same time as banks increase their power and control over customers. Bitcoin is completely outside of this dystopian nightmare. The world’s citizens may want to investigate this option before it’s too late.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.