We have become accustomed to the speed at which action is shifting in the world of cryptocurrencies and specifically Bitcoin. It may come to you as no surprise that Bloomberg BusinessWeek has reported today that previously known for endorsing Bitcoin trading bank SEB AB has backtracked on its previous commitment and renounced the digital currency since there are “large uncertainties” surrounding its status. The bank is based in Norway – a country that is known for laying moral ground on investments. For example their huge sovereign wealth fund has ended up scrapping investments in tobacco companies and arms producers ... (full story)