πŸ—ž Daily Crypto News, January 21st πŸ’°

in bitcoin β€’Β  7 years agoΒ  (edited)

πŸ—ž Indian Banks Suspending Bitcoin Exchange Accounts

Bitcoin exchanges are under fire in India, as many of the nation’s top banks have suspended or greatly curtailed functionality on exchange accounts. State Bank of India (SBI), Axis Bank, HDFC Bank, ICICI Bank and Yes Bank have all taken strong action toward crypto exchanges, either closing accounts or severely limiting functionality. The banks cite the risk of dubious transactions, according to local reports.

Read more & Source: https://cointelegraph.com/news/indian-banks-suspending-bitcoin-exchange-accounts

πŸ—ž Bitcoin Laundering Less Than One Percent of All Transactions

A recent report from the joint Bitcoin analysis team of FDD and Ellicit, a Bitcoin forensics company, indicates that less than one percent of all Bitcoin transactions involve money laundering.

β€œThe amount of observed Bitcoin laundering [is] small and darknet marketplaces such as Silk Road and, later, AlphaBay are [generally] the source of almost all of the illicit Bitcoins laundered through conversion services.”

Read more & Source: https://cointelegraph.com/news/bitcoin-laundering-less-than-one-percent-of-all-transactions

πŸ—ž Onecoin Offices Raided in Sofia, Servers Shut Down

Bulgarian law enforcement agencies have raided the offices of Onecoin in Sofia as part of a multinational effort to neutralize what authorities call a β€œcentralized cryptocurrency pyramid scheme”. Three million people may have been defrauded by the company which offers services on four continents, according to media reports. Bulgarian officials were diligent enough to note that Onecoin has nothing in common with the decentralized Bitcoin.

Read more & Source: https://news.bitcoin.com/onecoin-offices-raided-in-sofia-servers-shut-down/

πŸ—ž eHealth First: How Big Data and Blockchain Tech Will Improve Healthcare Outcomes

How many websites have you visited today? How many messages have you sent? Are you streaming a video or some music right now?

Chances are you use a lot of data without even realizing it. The thing about using data is that you’re creating data too. When you visit a website, you submit to other users of the internet data about your browsing habits. When you send a message on Facebook Messenger, Whatsapp, or Skype, every aspect of how you communicate is recorded and stored on servers located all around the world.

Read more & Source: https://themerkle.com/ehealth-first-how-big-data-and-blockchain-tech-will-improve-healthcare-outcomes/

πŸ—ž Bitcoin.com Launches Bitcoin Cash Notary Service

Back in April of 2017 Bitcoin.com launched a notary service that was based on top of the bitcoin core (BTC) blockchain. However, due to the transaction bottleneck and extremely high fees, the notary service became unsustainable. Now Bitcoin.com has re-launched the notary using the bitcoin cash (BCH) blockchain, and anyone in the world can prove ownership for only 0.0005 BCH (about $0.97).

Read more & Source: https://news.bitcoin.com/bitcoin-com-launches-bitcoin-cash-notary-service/

STEEM Trading Update by @cryptopassion

We just broke the resistance line on the STEEM :

It is a very good sign for the STEEM. We should use the resistance which is now a support line to continue the BULL trend.

A little consolidation is possible on the support line before going to test the previous TOP that I traced you in green.

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Sort Order: Β 
Β  Β· Β 7 years agoΒ 

"Indian Banks Suspending Bitcoin Exchange Accounts." This is really a bad situation for the Indians.

Β  Β· Β 7 years agoΒ 

And for the overall market. One more country fighting AGAINST the Crypto World...

Β  Β· Β 7 years agoΒ 

Those governments are only going to harm themselves and thier own people through damage to the local economy (projects moving out, locals losing jobs, and projects not moving in) and through the cost to people under their rule losing out on investment opportunities.

Β  Β· Β 7 years agoΒ 

I strongly agree but these developments can not prevent the crypto world from growing.

Β  Β· Β 7 years agoΒ 

informatic news

Β  Β· Β 7 years agoΒ 

I like your postπŸ‘

Coins mentioned in post:

CoinPrice (USD)πŸ“‰ 24hπŸ“‰ 7d
BCHBitcoin Cash1794.890$-5.87%-30.75%
BTCBitcoin11897.400$-6.79%-13.74%
EOSEOS13.346$0.64%-8.27%
STEEMSteem4.849$-12.02%-16.0%

Yes in India the banks limited the crypto exchanges to transfer money. Like previously the IMPS is to work with exchanges, But now it is not working at all.

Really a helpful news.

nice article on crytocurrency and bitcoin.keep it on

Β  Β· Β 7 years agoΒ 

Indian banks freezing exchanges - not a good time for Indians, hopefully it is resolved soon. Great news for Bitcoin.com!

I feel really bad for the people of India and my heart goes out to them. Hopefully they can still get in on Steem and the other cryptocurrencies. :(

nice post follow me @omjacknews

According to Reuters, a research conducted within India found that Indian citizens across a period of seventeen-month holds more than $3.5 billion worth of transactions and other trades.

You can check my complete article which I wrote today.

https://steemit.com/trading/@dailytech/indian-s-cryptocurrency-traders-has-possibly-received-tax-notes-from-government