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Bank Says they will close account if users deal in Crypto! Other Crypto News

This is a daily round up of important blockchain and crypto news between Jan 10, 2019 and Jan 11, 2019 . The focus is on important news around developments in the blockchain space, on exchanges and crypto projects, not on price action.

Please note that this is neither the only nor the exhaustive list, we are constantly trying to improve the feed and if you have any feedback, please feel free to contact us.

1. Google policy change forces Bitcoin wallet to remove security features

The privacy focused Bitcoin wallet, Samourai has removed three security features- stealth mode, SIM switch defence and remote SMS commands from a version of its app as a result of Google’s push to become more of a closed ecosystem. This is is pushing Samourai developers to opt-out of more features when releasing new wallet versions to the application. Read more

2. The first crash of crypto market in 2019, all leading cryptocurrencies down by 10% 

All the leading top five crypto currencies: Bitcoin, Ethereum, Ripple, Bitcoin cash and EOS have been heavily hit by cryptomarket crash and have been down by 10% or more. The total market cap came down to the $122 billion level. In the last 24 hours, Bitcoin has fallen by over 9 per cent and is currently trading at the $3,667 level. Read more

3. Kotak Mahindra bank crackdown on crypto traders

Last year in June, the bank had sent ominous notice to crypto traders to discourage them from trading in crypto currencies and now bank obtaining forceful consent from the customers at time of account opening to close their account if they deal in cryptocurrencies. Kotak has integrated RippleNet with its platform but in India they are against cryto. Read more

4. Circle CEO Says More Regulatory Clarity from US SEC Will Help Unlock Crypto Markets

CEO of Goldman Sachs-backed crypto finance company Circle has said the lack of clarity from the United States securities regulator over how to define various crypto assets is the biggest hurdle facing crypto market today. According to him tax treatment should differ for crypto-to-crypto transactions. Read more

Crypto Hedge Fund Manager Disputes Augur Metrics of $2, 00,000 Claims Only $100,000 at Stake

Founding partner of cryptocurrency hedge fund Tetras Capital claimed that the block chain based prediction market Augur is overestimating its usage in its most recent weekly reports showing the money circulated in the market is around $ 2 million. However if the markets that have ended is excluded then less than $100,000 total money is at stake. Read more

Bite-sized News

Only the headlines are enough for these news

  • US Representative Soto: Most Cryptos Need CFTC’s Light Touch, Not SEC Oversight Read Story.
  • Almost 5 New Cryptocurrency ATMs Installed Worldwide Each Day, Data Shows Read Story.
  • CryptoKitties partnered with Gods Unchained to Lure Users Read Story.
  • Overstock’s tZERO begins distributing its security token to investors Read Story.
  • A New Project called VeriBlock is Generating One-Fifth of Bitcoin’s Daily Transaction Volume Read Story.

Disclaimer: The news articles cited or sourced are from platforms other than Coin Crunch India. does not endorse nor support views, opinions or conclusions drawn in these articles. is not responsible for or liable for any content, accuracy or quality within these articles. Readers should do their own due diligence before taking any actions related to the content. 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 information from the articles below.

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