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Kotak Mahindra Bank, India's second largest private sector bank by market cap, is allegedly requiring account holders to refrain from dealings in cryptocurrency. Kotak Mahindra Bank — India's second largest private sector bank by market cap — is allegedly requiring account holders to refrain from dealings in cryptocurrency. The claim was made by Twitter user “Indian CryptoGirl” (@Desicryptohodlr) in a tweet posted Jan. 8. According to the screenshot provided in Indian CryptoGirl’s tweet, Kotak Mahindra Bank makes explicit reference to the Reserve Bank of India’s (RBI) regulations in its apparent terms and conditions for account holders, which allegedly demand consent to the following: “Basis [sic] the regulations issued by RBI, I hereby declare that I will not deal with any transactions related to cryptocurrency including bitcoins. I also understand and agree that the bank reserves all right to close my account without further intimation in case I am found to undertake such ..
Ethereum Nowa and Ethereum Classic Vision are reportedly appropriating the private keys of users trying to redeem the allegedly forked coins. Altcoins Ethereum Nowa (ETN) and Ethereum Classic Vision (ETCV) are reportedly appropriating the private keys of users trying to redeem their allegedly forked coins. The suspected scam was covered in a report sent to Cointelegraph by the Guarda Wallet development team on Jan. 11. The official website of the Ethereum Nowa project — which doesn’t contain a white paper — describes the process that users are supposed to engage in to obtain ETN. According to the website, the user should first send ETH to an address, and then export the private key and redeem the cryptocurrency using the dedicated online tool. A user on Ethereum block explorer Etherscan has commented on the aforementioned address, asserting that the address is engaging in a “scam [hard] fork/airdrop” after warning “Don’t send anything here.” The tool to claim the coins appears to be a..
This is a sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. Kryptono is pleased to announce it has launched its first smartphone app named FIATO and says it is ready for public use. About FIATO The app, meant as a mobile complement to Kryptono Exchange, will empower Kryptono account holders with total control of their crypto assets as well as exclusive access to convenient crypto/fiat transfers. This wallet is another accomplishment for the company as it supports Kryptono’s vision of facilitating real-world adoption of crypto to the masses via blockchain technology. Changing times with handling digital assets Every day, a large number of people are becoming more aware of the importance of peer to peer transactions. And while the concept of peer to peer isn’t novel, digital wallets are becoming a powerful tool for exchanging digital assets using blockchain technology. This growi..
This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. The promising peer-to-peer platform Counts, set to be launched in January 2019, could become one of the most outstanding financial tools in blockchain’s landscape, as expected to eliminate the limitations imposed by the centralized sector and volatility. Vitznau, Switzerland. – The currently leading cryptocurrencies -whose price has failed in recent months- could have in Counos a dangerous contender, about to make its way straight to the top of the industry. Thanks to a diversified value, and a community-driven philosophy, this blockchain financial environment presents a fresh and “genuinely decentralized” prospect tha..
Major U.S. crypto wallet provider and exchange service Coinbase has launched an educational project that allows users to earn crypto as they learn about it. Major United States-based crypto wallet provider and exchange service Coinbase has launched an educational project that lets users earn cryptocurrency as they learn about it. The program, dubbed “Coinbase Earn,” was announced in an official blog post Dec. 19. Coinbase Earn has launched in an invite-only mode, with an initial focus on one digital asset, the ERC-20 token 0x (ZRX). The central idea, the post outlines, “is for users to understand more about an asset’s utility and its underlying technology, while getting a bit of the asset to try out.” Coinbase continues to explain that having conducted a survey among its customers and the wider public, it found that: “[O]ne of the biggest barriers preventing people from exploring a new digital asset was a lack of knowledge about that asset. Many of the people we surveyed expressed a s..
Google users are keen to understand what Bitcoin actually is — more than anything else, data reveals. Google data shows ‘What is Bitcoin?’ was the most popular search question in the United States and United Kingdom for 2018, showing Bitcoin (BTC) has topped public consciousness online this year. Capping various achievements in search rankings over the past twelve months, Bitcoin’s latest price volatility saw interest in understanding it peak again following a period of price stability. ‘What is Bitcoin’ currently tops this year’s ‘What is…?’ search list, while the annual listings also include one other cryptocurrency-related entry. While Bitcoin has topped the list of ‘What is…,’ the major currency lost its rank on ‘How to…’ queries to the second top cryptocurrency, Ripple (XRP). During 2018, users were googling more on how to purchase XRP, with ‘How to buy Ripple’ making it to fourth place in Google’s ‘How to...’ list, while Bitcoin is currently ranked eighth. The increased populari..
The number of crypto users has nearly doubled in the first three quarters of this year, according to a recently published study. Cryptocurrency gained 17 million “verified users” this year, according to a study published by the Cambridge Centre for Alternative Finance Dec. 12. According to the study, data show that in the first three quarters of 2018 the number of ID-verified cryptocurrency users nearly doubled, climbing from 18 million to 35 million. Total crypto users, number of account and verified individuals. Source: Cambridge Centre for Alternative Finance According to a Bloomberg analysis of the study, the growth of the user base this year while crypto markets decline “could signal that an eventual recovery could be coming.” The analysis further notes that “most users are likely still speculators and long-term investors.” In terms of breaking down who is investing in crypto, the Cambridge research team also claims that the data “indicates that the majority of users — both esta..
London-based crypto exchange CEX.IO has started requiring its users to disclose their identities to purportedly comply with international laws. United Kingdom-based cryptocurrency exchange CEX.IO now requires its users to disclose their identities, financial trading news outlet Finance Magnates reported Dec. 11. Established in 2013, CEX is a London-based cryptocurrency trading platform, initially started as a cloud mining provider. Currently, the exchange supports eight major digital currencies and four major fiat currencies, while its adjusted daily trading volume is around $4.9 million, according to CoinMarketCap. While the situation with Brexit — the scenario in which the U.K. leaves EU — remains cloudy, CEX.IO does business with clients internationally, and therefore aims to comply with relevant international regulations, including the European Union’s Fifth Anti-Money Laundering (AML) Directive. The directive entered into force in July 2018, and EU member states have until Jan. 1..
A while ago, the XRP-based app TipBot was on the news for being used to raise significant funds during a charity event. Since then, the app has gained more adoption after an updated version was released. The new version allows Apple users to use the app through Siri, Apple’s popular virtual assistant. The news was first posted by one of the members of the XRP community. The post was as follows: “If you have Siri, find a user with the @XRPTipBot and scan the QR code. If you don’t want to scan the code, you can use your contact list. Set the amount you intend to send and confirm the tip.” Wietse Wind, the creator of XRP’s TipBot tipped five members of the XRP community on the thread. The person who posted the information acknowledged the XRP TipBot update. On the same thread, another update was mentioned. This one stated some new features of the TipBot. The new update made the app more responsive, added emojis, allowed an option for balance display in KRW, EUR, USD, JPY, or GBP. The wi..
sponsored An exchange says cultural and linguistic barriers are stopping blockchain technology from thriving worldwide and has launched a platform to reach the masses. The crypto markets have been something of a rollercoaster ride recently, with the price of Bitcoin recently tumbling to its lowest level since October 2018. But despite the doom and gloom, enthusiasm and optimism about cryptocurrencies’ potential remain – so much so that one expert predicts Bitcoin will rally back to $15,000 by the end of the year. One thing that has stood in the way of crypto’s growth as a dominant worldwide force is how it has struggled to transcend cultural and linguistic barriers in certain countries. According to Biztranex, a crypto trading platform, this is the case in Vietnam – where it says the levels of innovation seen in blockchain technology are “unmatched with the real capacity of Vietnam’s market.” The company says Vietnam is an emerging market for Bitcoin in southeast Asia, and it plans t..