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A treasure hunt for $ 1 million worth of bitcoin is officially underway.
In a cryptic, rambling message broadcasted to the Blockstream Satellite on April 13, 2019, an anonymous user challenged the rest of the Bitcoin community to a million dollar hunt for what they called “Satoshi’s Treasure,” a contest which will “test the resolve, courage, intelligence, and savvy [sic] of would-be hunters,” the game master claimed. At the current exchange rate, the contest’s award is roughly 198 BTC.
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International investment bank and financial service provider JP Morgan Chase have announced the enrolment of 75 new banks on their new and growing blockchain payment platform. The platform is a part of a collaboration between JP Morgan, ANZ and the Royal Bank of Canada.
The first trial on the platform was established in October 2017 and has been designed to utilise the blockchain to create a fast and flawless interbank payment system that still uses traditional banking currencies and methods.
High interest rates, as well as fees, charged from customers who’ve used their credit cards to purchase cryptocurrencies, have given merit to a full-fledged lawsuit filed against JP Morgan Chase & Co.
Brady Tucker claims JP Morgan Chase & Co has started treating his cryptocurrency purchases as cash advances back in January when, instead, they should have been regarded as buys. Due to this, the bank has supposedly started charging him with additional fees and with ‘sky-high’ interest rates of as much as 30% per annum.
